Castro opens franchises in Thailand, Latvia and Ukraine

As part of its strategy, Castro set up a delivery company in the Far East, and built a logistics center.

Castro (TASE: CAST) is entering new markets through franchises in Thailand, Latvia, and Ukraine. Castro has signed franchise agreements with retail chains JRA Fashions Co. in Thailand, Argo in Ukraine, and Marco in Latvia.

Under Castro's overseas expansion plan, and following the three franchise agreements, 12 Castro and Castro Men pairs of stores will be opened in Thailand, Latvia, and Ukraine over the next five years. 24 stores will be opened altogether.

Castro CEO Gabi Roter said that as part of the company's strategy, Castro had set up a delivery company in the Far East in 2004, and built a logistics center that would support future growth in international markets.

Published by Globes [online], Israel business news - - on March 20, 2005

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