Philippine Retailing 2019 Q3 *New format! | Page 12

RETAIL SPOTLIGHT PHILIPPINE RETAILING SPREADING THE SWEET SCENT OF with Acquasuisse’s SUCCESS founder John Chung It is not hard to miss an Acquasuisse perfume bar in malls as it features an interesting concept of semi-automated bottle dispensers filled with trendy and imported fragrances, offered in affordable prices and variety of quantities, based on customers’ needs. The first ever brand to offer such concept, Acquasuisse was founded by John Chung, who wanted to bring his knowledge and love for fragrances to the world. Their family was already in the fragrance business way back, but when he came onboard the company, he thought of becoming a retailer instead of a distributor, and to even expand and give others the chance to put up their own business as well by opening franchising opportunities for the brand. Their perfumes, which are at par with designer perfume brands, are made from fragrance oils from Switzerland, with concentration of eau de parfum that offer distinct scents that last longer. John Chung shares some of his insights in managing Acquasuisse, including the challenges he faced to make the business flourish. Philippine Retailing: Can you share with us how you started with your business? Why did you decide to venture into fragrances/perfumes? I started working for our company in 1996. My parents’ business is supplying raw materials for the personal care and household industry. Since, we were already supplying fragrance oils as raw material and we were also contract manufacturing for other brands, I decided to come up with my own brand of perfume kiosk last 2007, which is the refilling perfume bar concept Acquasuisse. PR: you opened for franchising and even opened opportunities for investors abroad, how did this affect the growth of the company? We went into franchising in 2008 and it really helped us expand fast. Right now, we have around 65 branches nationwide. PR: What makes Aquasuisse unique in the perfume business niche? We try to make our quality better than our competitors by using high quality fragrance oils with high concentration, targeting mid B and upper C market. We also have a unique concept of refilling the perfume. We were the first to introduce the perfume bar concept in the Philippines. 12 PR: As a family business, what are the pros and cons of working with the family? What role do you play in the business? I have a younger sister who helps me with finance and operations of the store and my younger brother is in-charge of sourcing packaging materials. I handle the brand and business development side. We all work together to grow the business. The pro of working with family members is the flexibility in decision making. PR: What are the biggest challenges you have faced in managing the company and how did you overcome this? Back when I started working for our company in 1996, our company experienced a very bad financial crisis. We lost everything — the house, cars, buildings etc. But with the help of family members and friends, we were able to survive the problem. PR: What lessons did you gain through time in handling the business? I learned that in business, we would definitely experience failures but when that happens, giving up is never an option. PR: What would you say is the biggest/most important investment you have put into the company? I would say it is on product development and our people. PR: What will you say are major milestones of the company in more than a decade of operation? We tried opening our first international branch in California last year. PR: How are you adopting to digital transformation and/or changing consumers needs and trends? How do you keep the company relevant in the market? We try to innovate and build our own mobile app to cater to more customers in the digital world. PR: Why did you decide to join PRA, and so far, what benefits does the company get by becoming a member? Joining PRA is important for us to keep us updated and connected with the industry. We are happy that PRA helps us in promoting our business in many ways. *Share your success story with us! if you have an inspiring story on how you started your business, or an employee who has served as inspiration within the company or the retailing community, we’d love to publish them on the Philippine Retailing magazine. Email your pitch at [email protected] and let’s share beautiful, inspiring stories to the retailing community.