Malaysian Fashion Retailer to Open in Tripoli

Malaysian fashion retailer Poney has franchised its operation into Libya, through its Singapore-based franchising arm.

Mitchell Jiang, Manager of Poney's Singapore unit, told Today Online:

"The first impression is that there is still a lot of turmoil in Libya, but after the dust settled, there actually are a lot of businesses looking for opportunities ... In developing countries, the absorption rate for new brands like ours is very high. The very well-known international brands are too expensive."

The Libyan outfit will open its first Poney outlet in Tripoli in the coming weeks.

(Source: Today Online)

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