TAIPEI, Oct. 13, 2025 /PRNewswire/ — Mrs. Nancy Hsu, Managing Director of Far Eastern Department Stores Ltd. (FEDS), has been honored with the Master Entrepreneur award at the Asia Pacific Enterprise Awards (APEA) 2025 Taiwan Chapter, recognizing her exceptional leadership and lasting contributions to Taiwan’s retail landscape. At the same time, FEDS achieved two prestigious accolades—the Inspirational Brand award and Corporate Excellence award—representing a landmark moment that highlights both Nancy Hsu’s visionary leadership and the company’s outstanding performance.
With over four decades of experience in the retail industry, Mrs. Nancy Hsu has become one of Taiwan’s most respected business leaders, renowned for her ability to turn crises into opportunities. Guided by her philosophy, “Retail is detail,” she has led FEDS through pivotal transformations, including the successful opening of five next-generation department stores.
During the COVID-19 pandemic, when many competitors faced severe challenges, Nancy Hsu’s decisive leadership enabled FEDS to achieve growth against the odds. Her influence extends beyond her company; as Chairperson of the Retailers Association of Chinese Taipei, she negotiated key tax incentives and secured resources to support the broader retail sector. In November 2024, she spearheaded a historic delegation to Japan, marking the first-ever exchange between the department store associations from Taiwan Region and Japan, paving the way for future collaboration in the region.
This legacy of innovation and resilience is reflected in the company’s achievements. As Taiwan’s longest-operating department store chain, FEDS has continuously evolved over its 58-year history through five generations of transformation, redefining the retail experience for modern consumers. By diversifying into department stores, shopping malls, hypermarkets, and premium supermarkets, FEDS has built a multi-faceted retail ecosystem that addresses a wide range of customer needs. Embracing digital transformation, the company integrates AI and advanced technologies to deliver seamless omnichannel shopping experiences that connect online and offline services.
FEDS is also a trailblazer in sustainability. Since 2011, all newly opened stores have incorporated eco-friendly building principles such as energy conservation, waste reduction, and environmental health, reflecting the company’s deep commitment to environmental responsibility. These efforts extend across operations through initiatives focused on energy saving, carbon reduction, renewable energy, and green procurement. The company also actively engages in social welfare projects and supports local agriculture, guided by the belief of “giving back to society what is taken from society.”
This triple recognition at the APEA 2025 Taiwan is a testament to Nancy Hsu’s visionary leadership and the collective dedication of the FEDS team. Together, they have not only elevated the company’s standing in the retail market, but also set a benchmark for innovation, sustainability, and social responsibility.
About Enterprise Asia
Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine toward sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs, and other organizations to promote competitiveness and entrepreneurial development, uplifting the economic status of people across Asia and ensuring a legacy of hope, innovation, and courage for future generations. Please visit https://www.enterpriseasia.org/ for more information.
About Asia Pacific Enterprise Awards
Launched in 2007, the Asia Pacific Enterprise Awards is the region’s most prestigious award for outstanding entrepreneurship, continuous innovation, and sustainable leadership. The Award provides a platform for companies and governments to recognize entrepreneurial excellence, hence spurring greater innovation, fair business practices, and growth in entrepreneurship. As a regional award, it groups together leading entrepreneurs as a powerful voice for entrepreneurship and serves as a by-invitation-only networking powerhouse. The program has grown to encompass 16 countries/ regions and markets all over Asia. For further information, please visit www.apea.asia.
