Retail in Asia

In Trends

Managing people takes flexibility, says Darwin Leo, COO of PT Columbindo Perdana

For any company, 30 years is a long time to be in business. Along the way there are bound to be challenges and obstacles that prove too much for less resilient firms.

A longtime survivor is PT Columbindo Perdana (CP), better known as Colombia Cash & Credit. In March 2012, Indonesia’s pioneering retail company dealing in electronics and modern furniture will celebrate its 30th anniversary.

Established by Darwin’s father, Leo Chandra, the company was hard hit during the financial crisis of 1997-99; 20 of its outlets were burned down during the political turmoil and Leo had to start again almost from zero.