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British retailer eyes PH for Asia expansion

The executive adviser of Sainsbury’s, one of the biggest supermarket chains in the United Kingdom, is considering the Philippines as the next potential country for the company’s expansion plans in Asia.

In an interview with reporters, Sainsbury’s Ian F. Wade disclosed that he would be recommending to the company’s board that the Philippines “ought to be next on their list” after the planned expansion in China.

“I’ve been coming here [for the past] 26 years and I think your country is in the best shape that I ever remember, and I think your middle class is growing much more quickly than it has ever done before. The spending power is growing and [companies like] SM probably need some competition,” Wade explained.

Wade added that investors like Sainsbury’s were now looking at the Asian market as it has become the “biggest growth area in the world.” He added that a lot of countries in the world were in trouble “so this part of Asia is the place to be.”

If the interest in the Philippines will be pursued, the country will be the second Asian market to be considered by Sainsbury’s after China.

Wade did not disclose much details on the planned expansion in China, noting only that they were still negotiating with a partner and that they were hoping to seal the deal within the year.

Sainsbury’s operates more than 1,106 supermarkets and convenience stores in the United Kingdom. The company used to have a presence in the United States but it ran into some difficulties in the 1990s, prompting it to pull out, according to Wade.

Sainsbury’s is part of the J Sainsbury Plc, which also has businesses covering online groceries, property development, banking, energy and entertainment, data on the company’s website showed.

An average Sainsbury’s supermarket stocks approximately 30,000 products, around half of which are own label, and receives more than 18.5 million customers each week. Amy R. Remo

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Tags: Business , expansion , sainsbury’s , United Kingdom

  • generalproblem

    ok na din yan para may kalaban na si sm at robinson langhiya eh puro smuggled yata ang binibenta dun. let see para matikman naman natin ang british product

  • troyg318

    not unless it will partner with the retail giants it will suffer the same fate as makro, to be swallowed whole by SM.

  • ilove_us

    Bring it on!


    I rather buy to this foreign retailer than SM, Henry Sy is the most vicious employeer in the country and its products are expensive than other supermarket.

    • blue_57


      • blue_57

        Why not buy on your local store?Nakatulong ka pa sa kapitbahay mo

  • kismaytami

    These british retailer should put up stores in Mindanao like Sulu and Basilan, so they would have an idea of the effects of their illegal turn over of Sabah to malayshits.

  • Carlos_Iho

    We have nothing to benefit from the entry of foreign retailers. We need foreign investments in the manufacturing industry.

    • Diablo_III

      Are you sure? Nothing? How about the jobs that they create?

      • http://mikkieugenio.tumblr.com/ Paul Eugenio

        Unless the service industry is willing to hire high school graduates on a permanent basis, this will make not a dent on unemployment.

      • Carlos_Iho

        With the same market base, how can more jobs be created?

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