Index names Philippine franchisee, eyes Malaysia and Indonesia expansion
Index Living Mall Co, a Thailand’s home furnishings and décor company, has signed a contract with SM Group, the Philippines’ largest retail conglomerate. SM will be the franchisee for Index Living Mall furniture outlets in that country next year.
Index Living Mall also has stores in Nepal, the Maldives and Russia. In Malaysia, it plans 30 branches nationwide in the next 15-20 years. Plans for Indonesia are expected to be finalised by mid-year, while Vietnam is on the radar as well.
At home, the company plans to open four new stores this year at a cost of THB1.5 billion (USD46 million).