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RadioShack signals Filipino expansion plan

Published on .

MANILA -- Tandy Corp.-owned RadioShack International, the largest retailer of electronic products in the U.S., will open 50 RadioShack stores in the Philippines over the next four years. Ventech Electrosystems, owned by Filipino businessman Ramon Jacinto, will invest approximately $13 million as a partner in the venture.

Six stores will launch initially this year, including one in Davao City in southern Philippines. Mr. Jacinto says that, despite Asia's currency crisis, RadioShack remains a viable and profitable business, filling a void in the market for a convenience-type store for electronic goods. He also points out that RadioShack has virtually no competition.

Ventech has opened the distribution of the RadioShack franchises to all Filipino retailers. RadioShack markets its own brand of products.

Copyright January 1998, Crain Communications Inc.

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