SINGAPORE, August 2019.
Japanese drugstore Welcia-BHG has outlined a five-year expansion plan for Singapore market. The company announced its plans to open another 29 outlets in the next five years, beginning with another two this year in Singapore’s downtown core.
Welcia-BHG Singapore is a joint venture between AEON-owned Welcia Holdings and Chinese retailer Beijing Hualian Group (BHG). It is the second overseas joint venture for Welcia Holdings, which previously expanded its drugstore business into Shanghai, China under the brand Sakura Kobo.
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