The family business nature of retail operators in Southeast Asian countries has become a challenge for those that want to grow in promising new markets outside their home countries, says Andrew Brien, the CEO of Suria KLCC, a leading retail investor in Malaysia.
Retail is a rising star in Southeast Asia, which has weathered the global economic downturn better than most other parts of the world. Most Asean economies are thriving and a brand-new one, Myanmar, is emerging from almost nothing.
As well, retailers are eager to tap the rapidly expanding middle class in many countries, most notably Indonesia with its population of 240 million.
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