Ace licence for Singapore

Ace Hardware has concluded an exclusive licence agreement for the city-state of Singapore. The licensee is the retailer Courts, which is regarded as South East Asia’s biggest retailer of electronics and IT products and furniture. Under the agreement, Courts will establish an approx. 800 m² Ace Hardware outlet in its flagship store, the Megastore in Tampines. Courts will then open five further Ace stores within four years.