Aeropostale spreads in India and Indonesia
The company plans to open stores in India through a licensing agreement with Arvind Lifestyle Brands Limited, and in Indonesia through a licensing agreement with PT Mitra Adiperkasa TBK (MAP).
Julian R. Geiger, chief executive officer, stated, "India and Indonesia are two of the most populated countries in the world and see significant opportunities by bringing the Aeropostale brand to these key countries.
"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."
Aeropostale's expansion plans in India include the opening of 50 standalone stores, 150 shop-in-shops in select locations, and e-commerce operations across the country over the next five years, beginning in March 2016.
In addition, the company expects to open 10 to 12 standalone stores in Indonesia over the next five years, with its first store opening in Jakarta in Fall 2016. ■