Aeropostale announced Thursday expansion plans throughout Asia with new licensing agreements in India and Indonesia. In India, Aeropostale has a licensing agreement with Arvind Lifestyle Brands Limited, and in Indonesia the teen retailer is working with PT Mitra Adiperkasa TBK (MAP).
In India, over the next five years, Aeropostale will open 50 standalone stores, 150 shop-in-shops and e-commerce http://rivetandjeans.com/wp-admin/post.php?post=3534&action=edit#edit_timestampoperations across the country. The expansion will begin in March 2016. In Indonesia, the company will open 10 to 12 standalone stores, with the first store opening in Jakarta in Fall 2016.
Julian R. Geiger, chief executive officer, said, “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 are totally comfortable partnering with two of the largest and strongest retailers in their respectful regions, Arvind Lifestyle Brands Limited and MAP.”
Geiger added that Aeropostale anticipates ending the year with more than 300 locations across 17 countries.