Marks & Spencer has sold its retail business in Hong Kong and Macau to its franchise partner Al-Futtaim as it retreats from international markets to focus on its core business in Britain, the company said on Tuesday.
Abercrombie & Fitch announced it has expanded its partnership with its Middle Eastern partner Majid Al Futtaim to open the first-ever store in Saudi Arabia. It will also house a shop in shop for Abercrombie Kids.
Once again it was fashion that carried John Lewis through the latest week with the period to April 1 seeing total sales down 6%. Not that it is worried as the later timing of Easter is still distorting sales patterns.
UK fashion retailer All Saints has seen a fourth successive year of growth with sales in the year to January 30 up 9% to £252.5m from £231.3m. It saw UK sales up 7.4% to £144.3m and international sales up 12% to £108.2m.
Dubai-based business house Al-Futtaim has announced a partnership with Middle-Eastern luxury goods expert Chalhoub Group to bring 150-year old Singapore department store Robinsons to the GCC and Middle-East region.
Dubai's Majid Al Futtaim (MAF) will spend about one billion dirhams ($272.3 million) expanding one of the emirate's largest malls, which houses an indoor ski slope, in a further sign of a revival in its retail and tou...