Marimekko Corporation, Press release, 15 June 2015 at 9:00 a.m.
Marimekko is continuing its expansion in Asia. Singapore’s first Marimekko store opened in May in an excellent business location in the new Capitol Piazza mall. The intention is to open more retailer-owned stores in Singapore and the rest of Southeast Asia in the next few years.
"In our expansion, we have focused first and foremost on regions with high growth potential. The Asia-Pacific region is our second-largest market area, and we already have a fairly strong foothold in East Asia. Thus, expanding into Southeast Asia felt like a natural move,” says Päivi Lonka, CSO. "Singapore is a modern metropolis and very attractive to us, as it is considered one of the region's top business hubs and shopping destinations.”
Earlier in the spring, in April, Thailand’s first Marimekko store was opened in Bangkok. The city is in an interesting stage of development from the retail viewpoint. It is becoming an increasingly important international metropolis, where a number of high-class malls have been opened recently.
Further information: Päivi Lonka, CSO, tel. +358 9 758 7430
Photos from the Marimekko store in Singapore: http://mediabank.marimekko.fi/?cart=9890-cfeedkbjhl&l=EN
Photos from the Marimekko store in Bangkok: http://mediabank.marimekko.fi/?cart=9905-lalgdlikgl&l=EN
DISTRIBUTION:
Key media
Marimekko is a Finnish design company renowned for its original prints and colours. The company’s product portfolio includes high-quality clothing, bags and accessories as well as home décor items ranging from textiles to tableware. When Marimekko was founded in 1951, its unparalleled printed fabrics gave it a strong and unique identity. Marimekko products are sold in about 40 countries. In 2014, brand sales of the products worldwide amounted to EUR 187 million and the company's net sales were EUR 94 million. More than 140 Marimekko stores serve customers around the globe. The key markets are Northern Europe, North America and the Asia-Pacific region. The Group employs about 500 people. The company’s share is quoted on NASDAQ OMX Helsinki Ltd. www.marimekko.com