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Philippines’ Penshoppe eyes 25 new stores abroad

Filipino fashion retailer Golden ABC Inc. is expanding it business by opening more new stores locally and overseas this year.

“I am very excited about our international expansion. We are looking at about 25 stores abroad,” Golden ABC Inc. chief executive officer Bernie Liu told reporters in a chance interview noting that all new stores to be set up overseas are for the Penshoppe brand.

The firm is looking at opening five to 10 more stores in the Middle East and about 10 stores in Indonesia.



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