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Japan’s Toyoshima buys 5pc stake in Trisula; both plan expansion in Indonesia

Tokyo-based fashion retailer Toyoshima has purchased a 5 percent stake in Trisula International, an Indonesian textile producer and clothing retailer, as the Japanese company aims to increase its Indonesian imports.

Trisula is also an operator of 230 fashion stores that sell brands like Jack Nicklaus, G2000 and JOBB. Lisa Tjahjadi, president director of Trisula, said that the company will spend up to IDR8 billion (USD821,777) to open 40 new stores this year.

Toyoshima may also eventually open its own apparel stores in Indonesia to tap into the growing middle-class consumer base, according to Ueda Yasuhiro, president director of TYSM Indonesia – the local unit of Toyoshima.
 

(Source: Jakarta Globe )