Padini lays groundwork for further expansion
Stephanie Jacob | 16 Nov 2018 00:30
Padini Holdings Bhd is looking to build up its capabilities in order to pursue new opportunities beyond Malaysia, amid a competitive domestic market.

While the local market remains its key contributor and will for some time yet, the company admits it is unlikely to see “exponential growth” from its local operations going forward.

“I think that there is potential (for growth in Malaysia) but it might not be exponential,” Padini’s group financial officer Sharon Sung says.

However, Padini is keen to emphasise that it is taking a conservative approach to expansion and therefore, will not rush into opening new outlets.

Executive director Benjamin Yong explains that the company is at the stage where it is laying the groundwork for expansion so “as and when opportunities arise, we are able to take them”.

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Allianz announces financial results for Q1 2019

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