Al-Futtaim news and archive

Ted Baker announces new territory licence deals

British fashion and lifestyle brand Ted Baker has entered into new territory license deals in the Middle East and North Africa and Indonesian as it looks to enhance its digital and asset-light growth. In the Middle East and North Africa, Ted Baker has extended its current agreement with the Al-Futtaim Group for retail, alongside new wholesale...

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Management

Al-Futtaim acquires Marks and Spencer Hong Kong retail business

Marks and Spencer has confirmed the sale and franchise of its retail business in Hong Kong and Macau to its “long-established franchise partner” Al-Futtaim. The retailer has been working with Al-Futtaim since 1998 when it opened Dubai’s first Marks and Spencer store and confirmed that the sale was completed on December 30, making Al-Futtaim the...

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Management

M&S begins talks to franchise stores in Hong Kong and Macau

London - Marks & Spencer may be pulling out of certain loss-making international markets, but that has not stopped the British department store from strengthening its relationship with its established franchise partners. M&S revealed on Wednesday morning that it has begun talks with its long-running franchise partner Al-Futtaim for the potential...

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Report

M&S commences franchise talks for Hong Kong, Macau biz

Marks & Spencer (M&S) has initiated talks with its long-established franchise partner Al-Futtaim, for the potential purchase and franchising of M&S’s owned retail business in Hong Kong and Macau. The company said in a statement that conclusion to these discussions would see Al-Futtaim become the new sole franchisee for M&S in Hong Kong and...

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Apparel

New distribution partnership for Esprit in Middle East

Hong Kong based fashion company Esprit Holdings Limited has announced a distribution partnership with the Al-Futtaim Group for the Middle East. Al-Futtaim, a privately owned business conglomerate based in Dubai with business interests throughout the Middle East, Europe and parts of the Far East, will take over the operation of more than 35...