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Filipino fashion brand eyes global growth

Filipino company Golden ABC plans to expand its fashion brand Penshoppe overseas.

It plans to open 10 stores in the Middle East and another 10 in Indonesia. It also plans to launch the brand in Phnom Penh, Cambodia, this year.

“We are looking at about 25 stores abroad,” said Golden ABC CEO Bernie Liu.

This year will also see the company open 25 stores domestically across brands including Penshoppe, Oxygen, ForMe, Memo, Regatta and Tyler.

Liu said the company is selective about the locations it moves into.

“We have to be a bit selective where we’re opening. Metro Manila is getting a bit crowded. The opportunities are really outside Metro Manila,” Liu said.

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