After spending almost two decades establishing a strong foothold at home, Princess Beauty & Spa Co, a Thai beauty and spa treatment firm, is moving abroad by forming a joint venture with The Westin Dhaka Hotel to provide the service in Bangladesh next month.
President Kanokporn Khemataechit said Princess Beauty & Spa BD Limited was recently set up with 10 million baht in registered capital. Princess holds 60% in the joint-venture firm and the balance by The Westin Dhaka hotel.
The 800-square-metre Westin Spa by Princess, built at a cost of 20 million baht and hiring 12 to 15 staff, would be opened next month on the fourth floor of The Westin Dhaka hotel, catering to local customers and foreign investors. Princess expects sales of 36 million baht per year from its first overseas outlet.
”Though Bangladesh is small, the market there has huge potential because a lot of foreign investors including Indians, Germans, Australians and Chinese. All of them have high purchasing power,” she said.
Mrs Kanokporn added that the joint venture would help Princess expand through the hotel chain’s global network.
To accelerate growth both at home and overseas, Princess plans to adopt a franchise system. ”We will stop expanding on our own from now on. Instead, we’ll shift to expanding through a franchise system because it will help speed up the process,” she said.
Faisal Araf on June 6th, 2008 at 7:57 am
Dear Sir,
We are a well-established advertising company in Bangladesh ,helping companies to advertise their products via outdoor billboards. We give supposed to many famous local banks, multinational companies and local companies. We have gained a lot of reputation through this sector and are among the best advertising firms in the country.We would like to offer you the support of advertising your products through the help of our billboards situated in the center points throughout the country.
If you are interested to set outdoor advertisements, please keep our words in mind and we will help you with the best services with most possible effort.
Thanking You.
Your’s Sincerely
Faisal Araf
Executive (Marketing & Sales)
Rupayan Art View
Cell: +8801716519816