- Angela Gonzalez-Rodriguez |
US-based casual and active apparel retailer Aeropostale has signed a licence agreement with Arvind Lifestyle Brands and will start opening a store by March 2016.
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 teen apparel retailer expects to open 10 to 12 standalone stores in Indonesia over the next five years, with its first store opening in Jakarta in Autumn 2016.
"We anticipate ending the year with over 300 locations across 17 countries. Our aggressive international growth underscores the strength and recognition of the Aeropostale brand, and we look forward to announcing new global licensing partnerships throughout the year," Julian R. Geiger, Chief Executive Officer anticipated.
Geiger further explained that "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 capitalise 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."