Pranda Group expands in Vietnam
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Thai jewellery retailer Pranda Group reports a year of expansion in neighbouring Vietnam, plus consolidation in Indonesia.
In Vietnam, Pranda opened two branches, at Lotte Center and Vincom Center Nguyen Chi Thanh in Hanoi, and expanded distribution channels. The group now has eight shopping mall outlets, five in Ho Chi Minh City and three in the capital.
This year, the company plans to open a 57 sqm flagship store at Saigon Center in Ho Chi Minh City.
Meanwhile, Pranda Marketing Indonesia plans to increase outlets. A new branch managed by central Thailand in co-operation with PT Grand Indonesia was opened in Central Grand Indonesia. Pranda Marketing Indonesia aims to push the Prima Gold and Julia brands. Prima Gold has three stores, Julia 19 stores, and Lovelinks eight. Four more Prima Gold outlets are planned for this year, as well as 20 more Julia stores.
Pranda Group plans further expansion in the Asian Economic Community with its population of more than 600 million people.
Questions & Answers
Q.Which specific shopping centres did Pranda Group open new branches in Vietnam last year?
Which specific shopping centres did Pranda Group open new branches in Vietnam last year?
Last year, Pranda Group opened two new branches in Vietnam. These were located in the Lotte Center and the Vincom Center Nguyen Chi Thanh, both situated in Hanoi. The company also expanded its distribution channels across the country.
Q.How many stores does Pranda Marketing Indonesia currently operate under its various brands?
How many stores does Pranda Marketing Indonesia currently operate under its various brands?
Pranda Marketing Indonesia currently operates 30 stores across its brands. This includes three Prima Gold stores, 19 Julia stores, and eight Lovelinks outlets. They aim to significantly increase this number this year.
Q.What are Pranda Marketing Indonesia's expansion plans for its Prima Gold and Julia brands this year?
What are Pranda Marketing Indonesia's expansion plans for its Prima Gold and Julia brands this year?
This year, Pranda Marketing Indonesia plans significant expansion for both brands. They intend to open four additional Prima Gold outlets and a further 20 Julia stores. This initiative is part of their broader growth strategy.
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