PHILIPPINES: F&F opens first three stores
Tesco-owned clothing brand F&F has opened its first three stores in the Philippines, as part of ongoing overseas expansion plans.
The first store opened in the Limketkai Centre, Cagayan de Oro City, on the island of Mindanao, at the end of January. Two more have since opened in General Santos City, including a children's-only store.
The move comes after F&F agreed a franchise partnership with local retail group, Stores Specialist (SSI). F&F and SSI plan to open ten stores across the Philippines this year, with the first stores in Manila set to open in the spring.
Commenting on the move, F&F chief executive Jason Tarry said the Philippines is an "exciting market with huge growth potential".
F&F now operates franchise stores in nine countries, with 39 franchise stores in all.
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