Abercrombie & Fitch Continues Middle East Expansion With First A&F Branded Store In The UAE
NEW STORE HOUSES THE BRAND'S FIRST STAND-ALONE FRAGRANCE BOUTIQUE AND FIRST ABERCROMBIE KIDS LOCATION IN THE MIDDLE EAST
DUBAI, United Arab Emirates, Dec. 21, 2015 /PRNewswire/ -- Abercrombie & Fitch Co. (NYSE: ANF) today announced that its Abercrombie & Fitch brand will open its first store in the UAE at Dubai's luxury shopping center, the Mall of Emirates, on December 26, 2015. The store is being opened pursuant to a joint venture between Abercrombie and Fitch and Majid Al Futtaim Fashion. The new location is the brand's third store in the region, following the opening of two stores in Kuwait in early 2015.
The Dubai opening marks several firsts for the brand, including a newly designed concept store featuring a stand-alone fragrance boutique and a carve-out for the abercrombie kids brand. The 18,000 square foot store is one of the largest Abercrombie & Fitch mall-based stores globally and features the brand's signature style and inviting shopping environment.
"International expansion in key growth markets remains a priority for Abercrombie & Fitch and we are delighted to bring a new store to the Middle East," said Michael Scheiner, Senior Director, Marketing & Communications at Abercrombie & Fitch. "We know that there is a strong affinity for our brand in this part of the world, and we are excited to continue our development in the region in partnership with Majid Al Futtaim Fashion."
"There is significant demand for Abercrombie & Fitch in the Middle East and the UAE is a natural fit for the brand," said Rajiv Suri, Chief Executive Officer at Majid Al Futtaim Fashion. "We look forward to the launch in Dubai and continuing to work closely with Abercrombie & Fitch, as we solidify the brand's presence across the region."
Note to the Editor: The legal name of this company is "Majid Al Futtaim" and should not be shortened or replaced by an acronym to avoid confusion with another business entity.
About Abercrombie & Fitch Co.
Abercrombie & Fitch Co. is a leading global specialty retailer of high-quality, casual apparel for Men, Women and kids with an active, youthful lifestyle under its Abercrombie & Fitch, abercrombie kids and Hollister Co. brands. At the end of the third quarter, the Company operated 790 stores in the United States and 175 stores across Canada, Europe, Asia and the Middle East. The Company also operates e-commerce websites at www.Abercrombie.com, www.abercrombiekids.com and www.HollisterCo.com.
About Majid Al Futtaim Fashion:
Majid Al Futtaim Fashion is the fashion retailing arm of Majid Al Futtaim. It currently works with a number of leading fashion brands throughout the GCC & Levant region including Abercrombie & Fitch Co., Hollister, Juicy Couture, HOSS Intropia, Halston Heritage and Jane Norman. Majid Al Futtaim Fashion recently announced strategic partnerships with leading brands AllSaints, Maisons du Monde and lululemon athletica.
About Majid Al Futtaim
Founded in 1992, Majid Al Futtaim is the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa (MENA).
A remarkable business success story, Majid Al Futtaim started from one man's vision to transform the face of shopping, entertainment and leisure to 'create great moments for everyone, every day'. It has since grown into one of the United Arab Emirates' most respected and successful businesses spanning 13 international markets, employing over 27,000 people, and achieving the highest credit rating (BBB) among privately-held corporates in the Middle East.
Majid Al Futtaim owns and operates 17 shopping malls, 11 hotels and three mixed-use communities in MENA, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, City Centre malls, and also four community malls which are in joint venture with the Government of Sharjah. The Company holds exclusive rights to the Carrefour franchise in 38 markets across Middle East, Africa and Central Asia, operating a portfolio of over 60 hypermarkets and over 70 supermarkets in 13 countries.
Majid Al Futtaim operates 143 VOX Cinema screens and 18 Magic Planet family entertainment centres across the region, in addition to iconic leisure and entertainment facilities such as Ski Dubai and iFly Dubai, among others. The Company launched the first LEGO-certified store in the Middle East and is parent to the consumer finance company issuing 'Najm' credit cards, a fashion retail business representing international brands such as Abercrombie & Fitch, Juicy Couture and Halston Heritage, and a healthcare business. In addition, Majid Al Futtaim launched Enova, a facility management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management. The Company also operates in the food and beverage industry through a partnership with Gourmet Gulf.
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SOURCE Abercrombie & Fitch Co.
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