01 May 2010
(West Palm Beach, Florida.) -- OFFICE 1 SUPERSTORES INTERNATIONAL Inc. today announced the forthcoming introduction of OFFICE 1 superstores in Indonesia.
The Master Franchise, the Kawan Lama Group, was founded in 1955 in Jakarta as a small family business and has evolved to become the market leader in commercial and industrial retail. The group runs a chain of 40 home improvement stores under the brand of American hardware giant ACE and also operates, “Index / Informa”, a furniture retail chain, with 24 outlets offering a full range of furnishings for the home, office and commercial spaces.
At a meeting held in Sofia, at Office 1’s European Headquarters, Prabowo Widyakrisnadi, the President Director of Kawan Lama Retail Group and OFFICE 1’s CEO, Mark Baccash, signed the Master Franchise Agreement and shared their vision for the long-term growth of OFFICE 1 on the vast Indonesian market.
Mr. Widyakrisnadi stated that in line with its mission, “to be the leading retailer of hardware and lifestyle products in Indonesia, Kawan Lama will be building state-of-the-art shopping malls in convenient locations throughout the country. These modern facilities will feature flagship stores of Ace Home Center and Informa as well as OFFICE 1 as anchors, making these malls a one-stop shop for home improvement and lifestyle.”
The launch of the first OFFICE 1 outlet in one of these malls is scheduled for the end of this year.
The OFFICE 1 entry in the rapidly developing market of Indonesia follows upon the 2009 launch in the Philippines with the Rustan Group, and provides a strong platform for further expansion in the Asian continent.