Alhokair news and archive

Alhokair’s Board approves sale of Blanco

The board of Saudi Arabian retailer Fawaz Abdulaziz Alhokair Co has approved the sale of the Blanco for 350 million riyals (about 93 million dollars), the company said in a bourse statement on Wednesday. This way, the Saudi retailer will divest from the Spanish fashion chain barely two years and a half after it acquired it from administrators....

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Fashion

Cortefiel expands in the US

Spain’s second largest apparel retailer Grupo Cortefiel is heading to the US. The namesake brand Cortefiel will debut with the first store, followed by stores of the group’s other brands Springfield, Women’s Secret and Pedro del Hierro during 2014-2015. To drive its expansion in the US, Grupo Cortefiel signed an agreement with Alhokair Fashion...