21 December 2018,
KUALA LUMPUR:MBE Malaysia, the operator of Mailboxes Etc retail shipping and business services outlets, has been acquired by a new management team who will continue to tap into the country’s thriving e-commerce sector for growth.
MBE Ventures, led by entrepreneur Patrick Leung, has bought 100 per cent of MBE Business Corporation Sdn Bhd (MBC) from founder Brian Chow, who held the master franchisee licence of MBE Malaysia.
Leung, who took over as chief executive officer on Nov 1, has experience in diversified multi-national businesses around the world.
“Peter Low is the chief operating officer who will manage the MBE Malaysia franchise network and Ken Yee is the chief commercial officer in charge of developing new franchising opportunities, as well as identifying new potential markets,” MBE said in a statement today.
Low and Yee are both former MBE franchisees who operated their own MBE outlets.
“We are excited to embark on this journey together with our franchisees, to grow the MBE presence and brand in Malaysia,” Leung said.
Already the largest network in the Asia Pacific region, MBE Malaysia has 94 outlets currently, with another five to open before the end of 2018, and it is planning to grow the network to at least 300 outlets nationwide over the next five years.
“MBE Malaysia is positioned to benefit from the fast growth of online shopping and e-commerce,” Leung said.
Source: New Straits Times
Full Article: https://www.nst.com.my/business/2018/12/442654/mbe-malaysias-new-owners-tap-e-commerce
