Cosway

Saturday March 27, 2010 Cosways global want By CECILIA KOK cecilia_kok@thestar.com.my THE Berjaya groups Cosway Corp Ltd is on track to realise its global ambition by establishing comportment in two of the worlds largest economies the United States and Japan in the beside few months as well as Europe later this year. Already a major player in Asia Pacific, Cosway will begin operations in the US and Japan by end-May and August respectively. Its impale into Europe will kick off in Britain in the fourth quarter of the year and subsequently in Germany archean next year. Founder and CEO Al Chuah is confident that Cosways entry into major developed economies will catapult the multi-level merchandising company into the global top three over the next one to two years. At present, it is among the 20 largest direct-selling companies in the world. To alleviate its aggressive overseas expansion, Chuah says the company has allocated RM47mil as capital usance (capex) for its financial year ending April 30, 2010 (FY10). It will increase capex to mingled with RM70mil and RM100mil in FY11. Chuah says the capex will be financed by internally generated funds.

[pic]From left over(p): Steve Spaulding, Al Chuah, Stephanie Davis and Sean Macdonald sharing a light moment at Cosways headquarters in Kuala Lumpur. High growth Setting up presence in China is the next break through that Cosway is eyeing. We ar still in the registration process and we expect to wank the licence to operate in China by the chip half of next year, says Chuah. Although Cosway does not have physical stores in China yet, it has already built a brand presence in the worlds most populous countrified thanks to the Internet. Consumers in mainland China have been buying Cosway products through eCosway its global online shopping portal with their orders being fulfilled by the Hong Kong operations. Cosway is somewhat considered a latecomer in the Chinese market, compared with... If you want to go far a full essay, order it on our website: Orderessay

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