Majid Al Futtaim Fashion to launch Abercrombie and Fitch in Dubai in
2014
Hot on the heels of its recent announcement to bring Hollister to the
region, Majid Al Futtaim Fashion, the retail arm of Majid Al Futtaim
Ventures, has finalized another joint-venture agreement with Abercrombie
&
Fitch Co., to bring the iconic Abercrombie & Fitch clothing brand to the
Middle East.
The first
abercrombie
and fitch pullover store for the region is set to open in Dubai in
2014.
North American brands are the most global, according to a recent retail
industry report released by CB Richard Ellis, with 73% present in all
three
major retail markets - Europe, Asia Pacific and Middle East & Africa.
The
report also found that 61.2% cent of American brands operate at least
one
store in Dubai, making it the second most targeted city for
international
retailers
abercrombie
and fitch t shirt, falling closely behind London.
“The signing of another joint-venture with leading retailer Abercrombie
&
Fitch Co., reflects our demonstrated understanding of the region’s
evolving
retail landscape,” said Ahmed Galal Ismail, CEO Majid Al Futtaim
Ventures.
“The
abercrombie
and fitch jeans brand is an iconic label that will enhance Majid
Al
Futtaim Fashion’s already established portfolio of brands, and cement
its
reputation as the preferred strategic partner for the world’s most
desirable
brands.”
"I’m delighted to finalize Majid Al Futtaim Fashion’s partnership with
Abercrombie & Fitch, said Asil Attar, CEO of Majid Al Futtaim Fashion.
“The
brand exudes the same spirited energy as our young, modern consumer and
we’re confident that it will resonate amongst our core audiences. With
our
initial store projected for 2014 in Dubai, we will work closely with
abercrombie
and fitch hoodie to ensure we remain true to the brand’s lifestyle
concept, and work on a strategic rollout plan to increase the brand’s
presence across the region.”
This is Abercrombie & Fitch Co.'s, first venture into the Middle East
region
and will see leading American brands, Abercrombie and Fitch and
separately,
Hollister mark their regional debut both in Dubai. Reaffirming Dubai’s
appeal as an international launch pad for global brands,
abercrombie and fitch
hollister will further diversify the city’s rapidly expanding
retail
offer.
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