Retailer Penshoppe has gained a foothold in Southeast Asiaâ€™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 Decemberâ€”a 476.86-square-meter flagship store in Jakartaâ€™s Central Park Mall and a 355-sqm store at the brand-new [email protected] Sutera in neighboring Tangerang City. Read more.
Home Franchise Site Penshoppe Gets Into Indonesia’s Huge Market