Franchising in Taiwan.
The Taipei times has an interesting article today about franchising in Taiwan. For those of you who don’t live in Taiwan, it might be useful to know that the country is nuts for franchising. Every street seems to have the same set of shops. I didn’t realised that these tiny franchised breakfast shops I see everywhere, have to pay a whopping $21,000 US for the branding privilege. How on earth do they make it back?
One amusing quote worth picking up on:
“The main reasons for failed FamilyMart franchises are long working hours and a lack of employees,” said Hsu Shu-ching (徐淑卿), manager of the convenience store chain’s franchise department.
Oh I see! So it’s not because we have directly competing convenience stores positioned literally every 5 metres along every street in the country, selling identical goods at identical prices? :)
Taiwanese clothes store…
Posted: November 26th, 2007 under Asia, Finance & Economics, Taiwan.
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