Pinault eyes Indonesia

Wed, 19 Nov 1997, 00:00 WIB | 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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