Collective Brands looks to Indonesia
13/12/2010
US footwear group Collective Brands has announced plans to open 15 franchised stores in Indonesia in 2011.
The company has begun sourcing from Indonesian producers in a push to reduce dependence on China, where costs are rising. Matt Rubel, chief executive of Collective Brands, told the Financial Times the company expected steadily to raise output from subcontractors in Indonesia to approximately 12 million pairs a year by 2015.
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