US-based electronics retailer RadioShack has signed a master franchise agreement with Malaysian retail group Berjaya Retail to expand its footprint across 10 Southeast Asian countries.
The companies said Berjaya expected to open at least 1,000 franchised RadioShack locations across the region within the next 10 years.
The contract is RadioShack’s largest franchise agreement, paving the way for it to grow its brand internationally. Berjaya already operates franchised 7-Eleven and Singer stores in Asia with a combined network of 2,000 shops.
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