DUBAI, United Arab Emirates,
Dec. 21, 2015 /PRNewswire/
-- Abercrombie & Fitch Co. (NYSE: ANF) today
announced that its Abercrombie & Fitch brand will open its
first store in the UAE at Dubai's
luxury shopping center, the Mall of Emirates, on December 26, 2015. The store is being opened
pursuant to a joint venture between Abercrombie and Fitch and Majid
Al Futtaim Fashion. The new location is the brand's third store in
the region, following the opening of two stores in Kuwait in early 2015.
The Dubai opening marks several
firsts for the brand, including a newly designed concept store
featuring a stand-alone fragrance boutique and a carve-out for the
abercrombie kids brand. The 18,000 square foot store is one of the
largest Abercrombie & Fitch mall-based stores globally and
features the brand's signature style and inviting shopping
environment.
"International expansion in key growth markets remains a
priority for Abercrombie & Fitch and we are delighted to bring
a new store to the Middle East,"
said Michael Scheiner, Senior
Director, Marketing & Communications at Abercrombie &
Fitch. "We know that there is a strong affinity for our brand in
this part of the world, and we are excited to continue our
development in the region in partnership with Majid Al Futtaim
Fashion."
"There is significant demand for Abercrombie & Fitch in the
Middle East and the UAE is a
natural fit for the brand," said Rajiv
Suri, Chief Executive Officer at Majid Al Futtaim Fashion.
"We look forward to the launch in Dubai and continuing to work closely with
Abercrombie & Fitch, as we solidify the brand's presence across
the region."
Note to the Editor: The legal name of this company
is "Majid Al Futtaim" and should not
be shortened or replaced by an acronym to avoid confusion with
another business entity.
About Abercrombie & Fitch Co.
Abercrombie &
Fitch Co. is a leading global specialty retailer of high-quality,
casual apparel for Men, Women and kids with an active, youthful
lifestyle under its Abercrombie & Fitch, abercrombie kids and
Hollister Co. brands. At the end of the third quarter, the
Company operated 790 stores in the United
States and 175 stores across Canada, Europe, Asia
and the Middle East. The Company
also operates e-commerce websites at www.Abercrombie.com,
www.abercrombiekids.com and www.HollisterCo.com.
About Majid Al Futtaim Fashion:
Majid Al Futtaim
Fashion is the fashion retailing arm of Majid Al Futtaim. It currently works with a
number of leading fashion brands throughout the GCC & Levant
region including Abercrombie & Fitch Co., Hollister, Juicy
Couture, HOSS Intropia, Halston
Heritage and Jane Norman.
Majid Al Futtaim Fashion recently announced strategic partnerships
with leading brands AllSaints, Maisons du Monde and lululemon
athletica.
About Majid Al
Futtaim
Founded in 1992, Majid Al Futtaim is the leading shopping mall,
retail and leisure pioneer across the Middle East and North Africa (MENA).
A remarkable business success story, Majid Al Futtaim started from one man's vision
to transform the face of shopping, entertainment and leisure to
'create great moments for everyone, every day'. It has since grown
into one of the United Arab
Emirates' most respected and successful businesses spanning
13 international markets, employing over 27,000 people, and
achieving the highest credit rating (BBB) among privately-held
corporates in the Middle East.
Majid Al Futtaim owns and
operates 17 shopping malls, 11 hotels and three mixed-use
communities in MENA, with further developments underway in the
region. The shopping malls portfolio includes Mall of the Emirates,
City Centre malls, and also four community malls which are in joint
venture with the Government of Sharjah. The Company holds exclusive rights to
the Carrefour franchise in 38 markets across Middle East, Africa and Central
Asia, operating a portfolio of over 60 hypermarkets and over
70 supermarkets in 13 countries.
Majid Al Futtaim operates 143 VOX
Cinema screens and 18 Magic Planet family entertainment centres
across the region, in addition to iconic leisure and entertainment
facilities such as Ski Dubai and iFly Dubai, among others. The Company launched the
first LEGO-certified store in the Middle
East and is parent to the consumer finance company issuing
'Najm' credit cards, a fashion retail business representing
international brands such as Abercrombie & Fitch, Juicy Couture
and Halston Heritage, and a
healthcare business. In addition, Majid Al
Futtaim launched Enova, a facility management company,
through a joint venture operation with Veolia, a global leader in
optimised environment resource management. The Company also
operates in the food and beverage industry through a partnership
with Gourmet Gulf.
www.majidalfuttaim.com
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SOURCE Abercrombie & Fitch Co.