MPH Bookstores has a long and storied history in Malaysia. What started out as a missionary printing press was later renamed Methodist Publishing House in 1906, a title which the company still carries today.
After the business changed ownership several times, it was acquired by Tan Sri Syed Mokhtar in 2000 to become a Malaysian-owned company. By 2016, the 110-year-old company had established over 35 stores nationwide, making it one of the leading book retailers in Malaysia.
MPH Group explained that they are pursuing a new venture and are transforming their traditional brick-and-mortar business model into an "e-commerce cum digitalised ecosystem".
Hence, the company is channelling its resources to scale up their e-commerce and digital business division, and part of the new approach was to consolidate all of its non-performing retail outlets. This plan was already in the works last year but accelerated due to the Covid-19 pandemic.
MPH Group explained that they are pursuing a new venture and are transforming their traditional brick-and-mortar business model into an "e-commerce cum digitalised ecosystem".
Hence, the company is channelling its resources to scale up their e-commerce and digital business division, and part of the new approach was to consolidate all of its non-performing retail outlets. This plan was already in the works last year but accelerated due to the Covid-19 pandemic.
No comments:
Post a Comment