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Article: NexCen Brands Announces Opening of First Shoebox New York[R] Store in the Middle East.
- Article from:
- Business Wire
- Article date:
- July 20, 2009
CopyrightCOPYRIGHT 2009 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)
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Store Opened in South Surra, Kuwait
NEW YORK -- NexCen Brands, Inc. (PINK SHEETS: NEXC.PK) today announced the opening of the first Shoebox New York([R]) franchised store in the Middle East. The new store opened in the 360x Mall in South Surra, Kuwait under an existing master franchise agreement with master developer Khalid Al-Mutawa.
This agreement, signed in February 2009, provides for the development of at least three Shoebox New York franchised stores in Kuwait over a 10-year term. Additionally, Mr. Al-Mutawa owns the rights to develop TAF[TM], another NexCen Brands retail footwear concept, in Kuwait, Jordan, Egypt, and Lebanon.
Kenneth J. ...