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Thursday, August 19, 2010

DNP to expand outlets, existing brands

DNP Holdings Bhd, which has 56 retail outlets carrying high-street labels like Dorothy Perkins and Top Man, plans to add another 20 to 30 similar outlets over the next three years.

General manager Lee Kong Beng said the company is likely to stick to the Klang Valley, Penang and Johor for the expansion.

"The plan is to expand our existing brands and we may bring in one or two new brands next year," he told Business Times.

The company, via its retail arm DNP Clothing Sdn Bhd, also holds the Malaysian franchise for other well-known clothing labels like Warehouse, Karen Millen, Pumpkin Patch, Diva and Canali.

It is set to open its first "Uniqlo" outlet in Malaysia in November at the Farenheit 88, formerly known as KL Plaza in Kuala Lumpur.

DNP's parent, Wing Tai Asia Group, also has other franchises and it may capitalise on that to bring new fashion labels to Malaysia, Lee said.

On its property division, DNP's Impiana Commercial Hub in Bukit Mertajam on mainland Penang is set to be launched in September or October.

Sprawled over 20 hectares, the commercial development is set to house a Tesco hypermarket, food and beverage outlets, a medical centre, a budget hotel and a dedicated area for electrical and electronics shopping.

DNP reported a net profit of RM53.2 million for the year to June 30 2010, which is almost four times what it made in 2009, as it made more money from its property and trading businesses.

Its revenue jumped by more than a third to RM354.3 million.

By Business Times

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