Analyst positive on Padini and say deal with FJ Benjamin should bring long-term benefits

  • Business Premium
  • Wednesday, 08 Aug 2012

Partners: Padini, which opened 320 stores in South-East Asia, the Middle East and Nor th Africa in FY11, has tied up with FJ Benjamin to open 25 stores within five years in Indonesia.

PETALING JAYA: Padini Holdings Bhd has signed an exclusive 10-year master franchise agreement with Singaporean company FJ Benjamin Pte Ltd through its wholly-owned subsidiary, Vincci Ladies' Specialties Centre Sdn Bhd, to distribute Vincci (VNC) shoes and accessories in Indonesia.

Under the agreement, FJ Benjamin will open a total of 25 VNC stores within the next five years throughout Indonesia via its associate, PT Gilang Agung Persada.

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