Al-Futtaim news and archive

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...

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...

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...

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...