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FINANCIAL NEWS
Kuwait’s Alshaya more buyouts in UK high street
17 Jan 2012
(MENAFN) Kuwait-based retailer MH Alshaya Co unveiled plans to tap on UK’s high street brands, Arabian Business reported.
Alshaya operates more than 55 brands in 19 countries, and has plans to invest USD155 million in the UK retail market in the next two years.
Chairman Mohammed Alshaya expressed his confidence that UK’s economic downturn would offer rich pickings to companies prepared to make a long-term investment in high street brands.
US-based bookstore Borders and UK clothing retailer Jane Norman both filed for bankruptcy last year but have continued to do good business in the GCC under their franchise deals.
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With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
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