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\u201cOpening\u00a03\u00a0Bang & Olufsen flagship stores and\u00a02\u00a0showroom\u00a0locations\u00a0in California in less than a year is\u00a0an important step\u00a0in developing ASBIS\u2019 Premium & Luxury Retail business. We see strong long-term potential in the US market for premium audio and home technology. We plan to continue expanding our retail presence and strengthening our partnership with Bang & Olufsen,\u201d<\/em><\/strong> says Serhei Kostevitch, CEO of ASBIS Group.\u00a0<\/p>\n\n\n\n
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<\/figure>\n\n\n\nThe new flagship occupies approximately 260 sq m (2,800 sq ft) at 660 Stanford Shopping Center, one of Silicon Valley\u2019s premier retail destinations, known for its curated mix of luxury brands and design-led experiences. Designed to offer a seamless and immersive journey through sound, the Palo Alto store features a series of dedicated demonstration areas that allow visitors to explore Bang & Olufsen\u2019s products across different listening environments. <\/p>\n\n\n\n
At the heart of the store is a welcoming community area designed as an open and inviting setting for discovery, interaction and informal gatherings. A dedicated meeting space supports more personalized consultations, giving clients the opportunity to explore solutions suited to their individual spaces and needs. <\/p>\n\n\n\n
The store also features a stereo pairing room, providing a focused acoustic environment where visitors can experience the precision, detail and depth of Bang & Olufsen\u2019s stereo sound. An enclosed, high-performance listening space offers a more private setting to experience the full impact of Bang & Olufsen sound. <\/p>\n\n\n\n
A dedicated personalization area introduces clients to the possibilities of Bang & Olufsen\u2019s variety of options, inviting them to explore materials, finishes and configurations that allow products to be tailored to individual preferences. <\/p>\n\n\n\n
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<\/figure>\n<\/figure>\n\n\n\n\u201cPalo Alto is a natural home for Bang & Olufsen, bringing us into a community that has long valued innovation and the role technology can play in enriching everyday life,\u201d<\/em><\/strong> says Jean Maraine-Jin, Market Director North America, West Coast at Bang & Olufsen. <\/em>\u201cFor more than a century, we have approached sound with that same spirit of curiosity. This new store gives us an opportunity to bring that philosophy to life in a highly personal and immersive way.\u201d<\/em><\/strong> <\/p>\n\n\n\n About Bang & Olufsen<\/strong> <\/p>\n\n\n\n Bang & Olufsen is a luxury audio brand founded in 1925 in Struer, Denmark, by Peter Bang and Svend Olufsen whose devotion and vision remain the foundation for the company. For a century, Bang & Olufsen has been pushing the boundaries of audio technology, with a continued focus on innovation in acoustics and design. Today, every Bang & Olufsen product is still characterized by the unique combination of beautiful sound, timeless design, and unrivalled\u00a0craftsmanship. The company\u2019s innovative and progressive products are sold worldwide in Bang & Olufsen stores, on bang-olufsen.com and in select retailers. The company employs approximately 1,100 people and\u00a0operates\u00a0in more than 70 markets. Bang & Olufsen\u2019s shares are listed on NASDAQ Copenhagen A\/S.\u00a0<\/p>\n\n\n\n