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Article: American Eagle Outfitters joins forces with MH Alshaya to enter Middle East.
- Article from:
- ADP News Middle East & Africa
- Article date:
- June 8, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. 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)
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(ADP News) - Jun 8, 2009 - US-based casual retailer American Eagle Outfitters has announced its plans to expand to the Middle East where it will open stores in partnership with Kuwait-based MH Alshaya Co, one of the biggest retail operators in the region.
The first store will open in early 2010, with more to follow in the next years.
The move allows American Eagle to grow its brand beyond North America in a market that is continuously seeking Western fashion. Specific terms of the deal have not been released but CEO Jim O'Donnell did say it would not require a capital investment, nor would it be a distraction from its operations in the US.
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