Network of international brands with GCC stakeholders
Twists and turns of the global economic landscape has seen Middle Eastern companies gaining more stake in international brands. And we’ve got a feeling it’s the tip of the iceberg.
January 11, 2012 4:44 by p.deleon
Kuwait-based retail conglomerate Alshaya starts 2012 with the announcement of a partial buy-out of lingerie brand La Senza in the UK. The brand had announced in December that it was planning to close 81 stores due to a difficult economic climate. Alshaya’s offer reportedly saved 60 La Senza stores in the UK. The deal gives Alshaya UK Limited, exclusive franchise rights for the brand in the UK.
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