The Humble Beginning
In 1992, JAKEL TRADING further expanded its operations by venturing as a textile semi-wholesaler and supplier for the government agencies and private sectors. JAKEL TRADING continued to be a highly developed and respected textile company between 1992 and 1997.
It was difficult for JAKEL TRADING to obtain supplies due to an economic downturn at the end of 1997 until 1998. Fortunately, the crisis had been handled successfully by Datuk Hj Mohamed Faroz Bin Mohamed Jakel, who is now the Managing Director of JAKEL Group of Companies, the eldest son of Mohamed Jakel.
Due to a stock shortage in the market, JAKEL TRADING took a brave step heading directly to the manufacturers by importing stocks from overseas and sell them to the wholesalers in Malaysia. In the beginning, the Korean exporters were reluctant to work with JAKEL TRADING. Moreover, most of the importers could not extend their businesses as the bank had dismissed their facilities. However, Datuk Hj Mohamed Faroz Bin Mohamed Jakel’s failure at the first attempt was not an obstacle for him to keep trying.
Seeing his determination, the manufacturers eventually agreed. Since then, the company had its own textile importers. In the late 1990s, JAKEL TRADING had become the major wholesaler and distributor in Malaysia. Additionally, their excellent capability of financial management had won the trust of Oversea-Chinese Bank Corporation (OCBC). Thus, OCBC did not hesitate to assist JAKEL TRADING in importing fabrics and to resell in Malaysia.
One Branch, One State
An investment of RM1.6 million was made to purchase the Shaw Brothers’ Rex Cinema located in Segamat, Johor. The theater was turned into a warehouse. Although JAKEL Trading received overwhelming responses from the customers, the courageous decision was indeed worth taken. In the late 1990s, JAKEL TRADING became the major wholesaler and distributor of the textile industry in Malaysia.
With the goal of “ONE BRANCH, ONE STATE”, JAKEL TRADING has opened 20 branches throughout Malaysia. It intends to conquer the textile industry from north to south of Malaysia.
Wisma JAKEL, that is located at Jalan Bunus, Off Jalan Masjid India, equipped with a stunning six-storey and seven lots to accommodate a wide range of high-quality fabrics. On the other hand, an investment of RM30 million was made for the new branch in Kuala Lumpur. Since then, JAKEL TRADING has been labeled as a leader in the fabric business.
A huge crowd of fabrics and textiles enthusiasts flocked into Wisma JAKEL every weekend as it was the biggest textile gallery in Kuala Lumpur. However, the overwhelming responses brought inconveniences to some customers. Thus, JAKEL TRADING took an alternative to open another branch that is located in Seksyen 7, Shah Alam, Selangor. It is strategically located in front of MARA University of Technology (UiTM) where there are about 52,000 local and international students, together with 11,000 staffs. Soon enough, the branch had become the hottest textile spot in the area.
An investment of RM50 million had been dedicated for Wisma JAKEL’s opening in Shah Alam. It was launched by Sultan of Selangor, Sultan Sharafuddin Idris Shah on September 29 2010, 5 months after its opening. The branch is made up of 80,000 square feet and accorded as the Largest Textile Retail Outlet in the Malaysia Book of Records. Therefore, it is not surprising that JAKEL TRADING is now known as the leader of Bumiputera textile business in Malaysia.
In order to get closer to the customers, JAKEL TRADING has opened another branch in Johor Bahru on 23 March 2013. The intention was to facilitate the customers from every state to choose the best fabrics and quality to meet their needs and styles. Besides, JAKEL TRADING was planning to open 2 other branches in the busy town of Ampang and Bangi, Selangor with an investment of RM30 to RM40 million respectively.