|
|
Article: Saks Incorporated Announces Saks Fifth Avenue's Continued International Expansion.
- Article from:
- Business Wire
- Article date:
- September 12, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors
NEW YORK--(BUSINESS WIRE)--Sept. 12, 2003
Building upon its successful venture in Riyadh, Saudi Arabia, retailer Saks Incorporated (NYSE:SKS) (the "Company") today announced the formation of strategic relationships to develop additional Saks Fifth Avenue stores in the Middle East and to enter the important Japanese market.
The Company has entered into a licensing agreement to open a total of four stores in the United Arab Emirates, Qatar, Kuwait, and Bahrain beginning in 2004 and a separate licensing agreement to open between five and ten Saks Fifth Avenue stores in major cities in Japan beginning in 2005.
R. Brad ...