OSIM in talks to add stores in Turkey, Russia

[SINGAPORE] OSIM International Ltd, Asia's largest maker of massage chairs, said that it's in talks to expand its international franchise with stores in Turkey and Russia.

OSIM's chief executive officer Ron Sim said that he hopes to reach a deal by the end of the year, adding in an e-mail interview on Aug 8 that "nothing is closed yet".

The Turkey and Russia agreements will complement fast-growing economies including China, which Mr Sim said is its top market with almost half of its 578 stores worldwide. OSIM is planning to add 20 to 30 new outlets each year while closing the ones that aren't performing, he said.