Aeropostale announced that it has inked two new licensing agreements that will bring the teen specialty retailer to Thailand and Egypt over the next five years. Expansion plans are set to begin in early 2016.
The company has signed a licensing agreement with Robinson Department Store Public Company Limited to open approximately 40 standalone and shop-in-shop locations over the next five years in Thailand. The first Aeropostale location in Thailand will open in the Robinson Department Store in Sriracha.
Aeropostale has also signed a licensing agreement with Q and A Retail Company to open approximately 40 standalone stores over the next five years in Egypt.
In a press release, Julian Geiger, Aeropostale CEO, stated, “Aeropostale’s international expansion began in Asia and the Middle East and it is with great pleasure that we announce further expansion across these key regions. Thailand and Egypt will be important markets as we continue to expand globally across Asia, the Middle East and Africa. We are confident that our partnerships with Robinson Department Store and Q and A Retail Company will ensure that the Aeropostale brand will continue to thrive and prosper internationally.”
Aeropostale is hedging its bets on new markets. In July, the retailer announced plans to open 50 standalone stores, 150 shop-in-shops and e-commerce operations in India through a licensing agreement with Arvind Lifestyle Brands Limited. At the same time, the company signed a deal with PT Mitra Adiperkasa TBK to launch about a dozen stores in Indonesia. Most recently, Aeropostale celebrated the opening of its first store in Ireland with plans to open 10 more standalone locations.
