Email: info@franchise.ae
 
Search Business Opportunities
Jan, 17 2012

Saudi retailer Alhokair spreading wings

Alhokair Co, a Saudi-based retailer is seeking to expand in the Central Asian and East European markets.

Saudi retailer Alhokair spreading wings

Alhokair Co, a Saudi-based retailer is seeking to expand in the Central Asian and East European markets. The company has plans to open 400 new stores in the emerging markets such as Kazakhstan, Azerbaijan, Armenia, Belarus and Georgia. It boasts a strong track record with sales and profit continuing to grow in home market with more than doubling its net profit to 74.7 million Saudi riyals in the final quarter of 2011 over the same period in 2010.

Alhokair which also operates in Jordan, Egypt, Morocco and Kazakhstan is the biggest mid-range retailer in Saudi Arabia. Alhokair's franchisees include international brands such as Zara, Marks & Spencer's, Gap, Aldo, Monsoon, Accessorize and Topshop. Few months back, the firm announced plans to set up a joint venture with Burberry to market and sell the British luxury goods group's products. Alhokair has 75 franchisees in the Middle East and 1,300 stores operating across the world.

Comment
User
Email
Star
Address
Related opportunities
  • Mobile & Communication/Internet Connections
    About:  In 2009 Gerardo Taglianetti, founded Phonup  amongst first companies  in..
    Locations looking for expansion -NA-
    Establishment year 2009
    Franchising Launch Date 2017
    Investment size USD 50,000 - 100,000
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi -NA-
  • Men's footwear
    About: Wayne Wright Shoes are a perfect combination of comfort and..
    Locations looking for expansion -NA-
    Establishment year 2011
    Franchising Launch Date 2017
    Investment size USD 100,000 - 500,000
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater East Delhi -NA-
  • Quick Service Restaurants
    About: Launched in 2012, Chicken Xpress is South Africa's leading brand..
    Locations looking for expansion -NA-
    Establishment year 2012
    Franchising Launch Date 2017
    Investment size USD 100,000 - 500,000
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi -NA-
  • Financial Investment & Trading
    Start a profitable business in the market of cryptocurrencies, ICO..
    Locations looking for expansion -NA-
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Up To USD 50,000
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater moscow -NA-