Pinault eyes Indonesia

Wed, 19 Nov 1997 | Source: REUTERS

PARIS (Reuters): French retailer Pinault-Printemps-Redoute said yesterday it had signed cooperation deals in Indonesia and the Philippines.

The first deal signed with PT Ramayana Lestari Sentosa, the second largest distribution group in Indonesia, was a study on the feasibility of PPR furniture unit Conforama setting up in Indonesia.

"This is a first step of a cooperation that might involve other units in the future," the group said in a statement.

Another cooperation deal was signed with the Uniwide Holdings Inc. group that controls 24 percent of the distribution market in the Philippines.

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