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Bangladeshi Walton Group CEO eyes top 5 consumer brands club

Appliances-to-electronics conglomerate ramps up global expansion push

Shoppers inspect Walton refrigerators at a showroom in Dhaka. (Photo by Sumanta Chakraborty)

DHAKA -- Walton Group may be far from a household name globally, but the Bangladeshi appliances-to-electronics conglomerate is aiming to vault itself into the world's top 5 consumer products brands in under a decade, its CEO says.

In June, the Dhaka-based company opened its first overseas research and development center in South Korea, several months after picking up three European brands -- refrigerator parts maker ACC and compressor makers Zanussi Elettromeccanica and Verdichter.

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