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April 6, 2018
U.S. teen retailer Aeropostale is expanding throughout Asia with new licensing agreements in India and Indonesia.
The company plans to open stores in India through a licensing agreement with Arvind Lifestyle Brands, and in Indonesia through a licensing agreement with PT Mitra Adiperkasa.
In India, the retailer plans to open 50 standalone stores, 150 shop-in-shops and e-commerce operations across the country over the next five years, beginning in March 2016. In Indonesia, the company expects to open 10 to 12 standalone stores over the next five years, with its first store opening in Jakarta in fall 2016.
"India and Indonesia are two of the most populated countries in the world and we see significant opportunities by bringing the Aeropostale brand to these key countries," says Julian R. Geiger, chief executive officer, Aeropostale. "Following the successful launch of our brand in the Philippines and Singapore, we are excited to capitalize on the strong growth prospects in both India and Indonesia. We anticipate ending the year with over 300 locations across 17 countries. Our aggressive international growth underscores the strength and recognition of the Aeropostale brand, and we look forward to announcing new global licensing partnerships throughout the year."
Read more about:Aeropostale
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