The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Fawaz Abdulaziz Alhokair Group has signed a franchise agreement with US-based yoga and athleisure brand, Alo Yoga, according to a statement to Saudi Arabia’s Tadawul stock exchange, where Alhokair’s shares are listed.
The first Alo Yoga store will be based at the Kingdom Centre in Riyadh. The company did not give a timetable for the opening.
“Triggered in part by the pandemic, Saudi customers have in the last year or so become increasingly health and fitness focused and have begun incorporating exercise routines into their daily life,” said Marwan Moukarzel, chief executive of Fawaz Abdulaziz Alhokair, according to a report in The National.
Alhokair operates more than 1,800 retail shops in 12 countries. Its portfolio comprises more than 90 international and local brands in the fashion, beauty, sports, multimedia and food and beverage sectors.
Chanel, Louis Vuitton and Tiffany & Co are among the brands expanding in Perth, Australia in a bid to tap its mining, oil and gas wealth and newfound status as a travel hub.
This week’s round-up of global markets fashion business news also features Haiti’s sourcing crisis, Brazilian jewellery giant Vivara and Dubai’s Ramadan shopping season.
This week’s round-up of global markets fashion business news also features Supreme’s long-awaited Shanghai flagship opening, India imposes MIP on undervalued imports of synthetic knitted fabric and striking Sri Lankan workers continue to protest.
Imran Amed shares his observations from a trip to the wealthy desert metropolis, home to the most lucrative stores for many of the world’s top fashion brands.