Arabian Centers adds Alshaya brands
Saudi mall operator Arabian Centers has started to roll out Alshaya brands that include Starbucks and Jo Malone.
The malls group plans to add the new brands in three phases with the first of these expected to be complete by September, it said in a Saudi stock exchange filing on Tuesday.
The remaining two phases will add names such as Bath & Body Works, H&M and Victoria’s Secret, it said.
Alshaya Group is one of the biggest players in the region’s retail market, owning franchises for more than 90 international brands and managing more than 4,500 stores, cafes, restaurants and entertainment destinations. “Alshaya can expect to significantly expand its commercial presence in the Saudi market through this partnership,” said Arabian Centers CEO Faisal bin Abdullah Al-Jedaie.