18 Feb 2019
Alumnus praises students for "bringing fresh insight" to business
A group of first-year students at Loughborough University School of Business and Economics (SBE) have been praised for their work analysing the UK’s leading Oriental grocer, Wing Yip, whose Managing Director is an alumni.
The company was founded by Mr Wing Yip OBE in 1970, after he first came to the UK from Hong Kong in 1959 with just £10 in his pocket. It is now the UK’s largest oriental grocer with an annual turnover of over £120 million and four wholesale stores.
The family business is now managed by his sons Albert, David and alumnus, Brian Yip, who graduated in 1997 with a BSc in Banking and Finance from the SBE. Two of Brian’s cousins also work in the business, one of whom preceded Brian as the company’s Managing Director.
In October, the Wing Yip company signed an agreement with the SBE to sponsor the flagship Introduction to Retail Management module, which introduces 50-60 first year BSc Business and Economics undergraduates to retailing each year.
The module specifically includes a ‘Live case project’ of Wing Yip retail, which features a student field trip to their head office in Birmingham. The first visit in October 2018 included a company presentation on its retail functions, followed by a tour of Wing Yip operations.
Students then undertook a six-week collaborative research project and individual coursework assignment, with the project’s findings presented to Wing Yip’s Board of Directors earlier this month.
Brian praised the students, commenting that the presentations “far exceeded all our expectations. The Loughborough students bring a fresh insight to our business, which is important in the digital era. We look forward to building on the success of these first projects over the next two years.”
As well as the module sponsorship, the company is launching five placement roles for students from the School of Business and Economics. In addition, the Wing Yip Foundation has funded three scholarships for undergraduate students in the School of Business and Economics. These scholarships, worth £9,000 each, are awarded to talented students from less advantaged backgrounds who have secured high grades at A-Level.
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