Listed Saudi retailer Fawaz Abdulaziz Alhokair Group has signed two separate franchise agreements with US and Danish companies to expand its retail portfolio.
The deals are with Danish retailer Flying Tiger Copenhagen and US-based yoga and athleisure brand Alo Yoga, the company said in a statement to the Tadawul stock exchange, where its shares are traded.
Flying Tiger Copenhagen sells a range of products such as toys, accessories, stationery and gadgets while Los Angeles-based Alo Yoga sells exercise and yoga-related clothes.
“As the largest retail market in the Middle East, Saudi Arabia is a gateway to the region and an enthusiastic adopter of innovative trends and products,” said Marwan Moukarzel, chief executive of Fawaz Abdulaziz Alhokair, on Monday.
“We are confident that Flying Tiger Copenhagen’s wide range of affordable products will witness great success, especially among young Saudi customers – offering more tools to inspire their creativity while meeting local…
