Musinsa to open first Philippine store in Southeast Asia push

Musinsa said Wednesday it would accelerate its expansion in Southeast Asia by opening its first offline stores in the Philippines, starting with a Musinsa Standard location in Manila this year. The expansion follows an exclusive distribution agreement signed July 17 with ACX Holdings, a distribution affiliate of Ayala Group, one of the Philippines' largest conglomerates. ACX Holdings manages the entry and operation of global brands in the Philippine market. Under the agreement, Musinsa will serv