Penshoppe Gets Into Indonesia’s Huge Market

Retailer Penshoppe has gained a foothold in Southeast Asia’s most populous market, Indonesia, as part of its road map for global expansion via the franchising mode.

Bernie Liu, president of retailer Golden ABC Inc., which owns the Penshoppe trademark, announced in a press briefing on Tuesday that his company has entered into a franchising partnership with the MAP group of Indonesia, which has been planning to open at least 150 Penshoppe stores across Indonesia within the next 10 years.

The first two stores are opening this December—a 476.86-square-meter flagship store in Jakarta’s Central Park Mall and a 355-sqm store at the brand-new Mall@Alam Sutera in neighboring Tangerang City. Read more.

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