AEON / 永旺(中国)投资有限公司

MAIN BRANDS IN CHINA

HARD DATA

NUMBERS

TOTAL OUTLETS113
GENERAL DEPT.104
MAXVALU9

COMPANY DETAILS

RETAIL SALES REVENUECNY 15 million
ORIGINJapan
FOUNDED1926
LISTEDListed, HK: 00984
WEBSITEwww.aeonchina.com.cn
REGIONAL HQBeijing
CHINA HQBeijing
FOUNDER冈田右卫门
CEO (CHINA)羽生有希(Habu Yuki)

SOFT DATA

Aeon has 54 General Merchandise Stores which are located in Guangdong (24 stores), Hong Kong (9), Beijing (7), Jiangsu (5), Shandong (5) and Hubei (4). Aeon also has 19 MaxValu supermarkets and 64 MINI STOP convenient stores in China. Aeon China had a revenue of RMB 12.6 billion in 2018.

AEON is Japan’s largest supermarket chain and has a JV in China for AEON, Jusco and MaxValu. They maintain the Japanese culture of hospitality while also localising their offering by hiring a mix of Japanese and Chinese management and staff. The relationship with NZ products and this chain is young but is showing good potential. The AEON group say they are committed to expanding operations in China and see particular opportunity with the increasing number of middle income earners. Their regional focus in Beijing-Tianjin area, and Jiangsu, Zhejiang, Hubei and Guangdong Provinces is based on population increases and economic growth.
Aeon has operated nearly 400 stores in different formats in China since it began expanding in Hong Kong in 1985 and Guangzhou in 1996. The business covers a variety of areas, from the suburban Mall shopping center, the general department store, the food mart to the convenience store, and it can be conducted in a different way, to serve the local people, to provide the customers with the safety and the goods and services.

ANALYSIS & PURCHASING INSIGHTS

  • Generally speaking, Aeon China sources products from distributors and usually does not source products from overseas directly.
  • AEON (like Metro) produce a range of ‘own branded’ products called Top Valu which could be a great opportunity if you are not wanting to build a brand in China, but rather conduct contracted manufacture for a third party.
  • We have had reports that some NZ exporters have levered their supply relationships from AEON Japan to AEON China and vise-versa.

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