Thai furniture chain expands further in ASEAN, now to Jakarta

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One of the largest manufacturers and retailers of home furnishing products in Thailand, Index Living Mall, opened its first store in Indonesia in Jakarta on August 11, marking another expansion step on a roadmap that has set the strategic plan to open at least one store in a new ASEAN market every year.

Index Living Mall entered a partnership with CT Corp, an Indonesian conglomerate active in several business segment, including finance, natural resources, hospitality and retail, to operate the store in Cempaka Putih is a sub-district of Central Jakarta, where it is part of a Carrefour shopping complex.

According to Pisith Patamasatayasonthi, President and CEO of Index Living Mall Co. Ltd., the company aims at becoming one of the largest home furnishings and accessories retail chains in ASEAN by 2020. 

“We plan to expand with additional four stores ranging in size from 1,000 to 2,000 square meters in Indonesia by the end of 2017 and expect to open as many as five to ten stores next year and annually through 2020,” he said, adding that the expansion in Indonesia will help increase Index Living Mall’s revenue share from international business up to 14 per cent this year from its current level of eight per cent.

Globally, Index Living Mall expanded it retail business through partners to Malaysia, Vietnam, Singapore, Cambodia, Laos, Myanmar, Nepal, Maldives, Pakistan, Russia and now Indonesia, and is also negotiating with a potential joint-venture partner in the Philippines.

“We also have strategic partners in place for the export of our products into Japan, Korea, the Americas and Europe,” said Gerard McGurk, head of the company’s international business development unit.

Last year, Index Living Mall made more than ten billion baht ($295 million) in revenue, ten per cent up over 2015. The company was founded in 2002 and is a subsidiary of Index Interfurn Co., Ltd., a furniture manufacturer privately owned by Pisith Patamasatayasonthi.

 

 
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One of the largest manufacturers and retailers of home furnishing products in Thailand, Index Living Mall, opened its first store in Indonesia in Jakarta on August 11, marking another expansion step on a roadmap that has set the strategic plan to open at least one store in a new ASEAN market every year. Index Living Mall entered a partnership with CT Corp, an Indonesian conglomerate active in several business segment, including finance, natural resources, hospitality and retail, to operate the store in Cempaka Putih is a sub-district of Central Jakarta, where it is part of a Carrefour shopping complex. According...

Reading Time: 2 minutes

One of the largest manufacturers and retailers of home furnishing products in Thailand, Index Living Mall, opened its first store in Indonesia in Jakarta on August 11, marking another expansion step on a roadmap that has set the strategic plan to open at least one store in a new ASEAN market every year.

Index Living Mall entered a partnership with CT Corp, an Indonesian conglomerate active in several business segment, including finance, natural resources, hospitality and retail, to operate the store in Cempaka Putih is a sub-district of Central Jakarta, where it is part of a Carrefour shopping complex.

According to Pisith Patamasatayasonthi, President and CEO of Index Living Mall Co. Ltd., the company aims at becoming one of the largest home furnishings and accessories retail chains in ASEAN by 2020. 

“We plan to expand with additional four stores ranging in size from 1,000 to 2,000 square meters in Indonesia by the end of 2017 and expect to open as many as five to ten stores next year and annually through 2020,” he said, adding that the expansion in Indonesia will help increase Index Living Mall’s revenue share from international business up to 14 per cent this year from its current level of eight per cent.

Globally, Index Living Mall expanded it retail business through partners to Malaysia, Vietnam, Singapore, Cambodia, Laos, Myanmar, Nepal, Maldives, Pakistan, Russia and now Indonesia, and is also negotiating with a potential joint-venture partner in the Philippines.

“We also have strategic partners in place for the export of our products into Japan, Korea, the Americas and Europe,” said Gerard McGurk, head of the company’s international business development unit.

Last year, Index Living Mall made more than ten billion baht ($295 million) in revenue, ten per cent up over 2015. The company was founded in 2002 and is a subsidiary of Index Interfurn Co., Ltd., a furniture manufacturer privately owned by Pisith Patamasatayasonthi.

 

 
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