May 02 2011 |
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The REDTAG Group Franchisee for Jordan
The REDTAG Group (Dubai) and MATAJIR General Trading (Jordan) today released a joint statement confirming the signing of an exclusive Master Development Agreement for the Hashemite Kingdom of Jordan.
The five year deal would see MATAJIR own and operate REDTAG stores as master franchisee for the territory; an announcement on the first stores to be opened in the Kingdom is expected to be made in the coming weeks.
REDTAG, a value fashion and home wares brand of BMA International FZE in Dubai has seen significant success in the GCC markets since launching in May of 2006. The REDTAG Group now owns and operates 65 stores (51 under the REDTAG store brand) throughout the GCC, with a further 12 new stores planned to open in 2011.
Faris Al-Derzi CEO of MATAJIR incorporation with TAMANI Investment and Trading as a group of companies who currently own and operate the ABC department store in Amman, explained "we are very excited about our new partnership with REDTAG and bringing such a successful value brand to the Jordanian market. First two stores location will be announced in the coming weeks."
About REDTAG
REDTAG is a refreshing concept from Dubai that is making its mark on today's Middle East retail landscape. It is a chain of value fashion and home stores that offer a world of choice in an enjoyable shopping experience at unbeatable value. Offering 365 days of value, REDTAG stores launched in 2006 are now a big hit with more and more families looking for fashion and style. The pricing of the products, the stringent quality assurance and the availability of customer favourites is why REDTAG is the first choice for value-conscious customers.
REDTAG is part of BMA International Dubai, currently with 65 stores across the GCC that has been growing at a rate of 20 per cent annually. REDTAG is poised for a quantum leap in the retail world with an ambitious plan to open at least 12 new REDTAG stores per year in malls as well as high streets that will see the REDTAG brand become a leader in the value fashion and lifestyle market.
For more information, contact:
Shenoy
ekadaa PR
Dubai, UAE
Tel: +9714-3912100
Fax: +9714-390 4740
Email: shenoy@ekadaa.com
© Press Release 2011
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