World retailers to meet

World retailers to meet

JAKARTA (JP): The Intercontinental Group of Department Stores
will hold its 49th general assembly here between June 11 and June
14, where topics concerning retailing will be discussed, their
president said.

Hari Darmawan, the president-elect of the group, said Saturday
that the discussion will focus on the prospects of retailing in
Asia.

The group's executive director, Emil A. Senn, said that in the
general assembly, Darmawan, the president of retailer PT Matahari
Putra Prima, will officially take over the presidency of the
group for the 1995-1997 term.

According to Emil, Darmawan is the first Asian to be the
group's president. Members have total annual sales of about US$60
billion. (32)