Riyadh, Saudi Arabia – Fawaz Abdulaziz Alhokair Co. (“Alhokair”), the leading franchise retailer in Saudi Arabia, announced the opening of the first Flying Tiger Copenhagen store in Riyadh, Saudi Arabia.
The launch is a key milestone in Alhokair’s strategy to enhance customer experience by introducing unique concepts to the ever-growing Saudi market. The addition of Flying Tiger Copenhagen is in line with Alhokair’s mission to leverage unique partnerships with international brands to deliver a diversified brand offering to its customers.
Speaking on the store opening, Marwan Moukarzel, Chief Executive Officer at Alhokair said:
“We are committed to partnering with brands that share our vision and ambition to introduce personalised customer experiences and diversified offerings. As part of our commitment to cement our position as the leading lifestyle retailer, we are meeting a pertinent need for uniquely driven concept stores in the Saudi market. We look forward to welcoming our customers to the stores, where we invite them to immerse themselves in the experience our new stores have to offer.”
Hani Nehme, General Manager of E-commerce and Multimedia at Alhokair commented:
“We are thrilled to welcome Flying Tiger Copenhagen to the Kingdom. Their creative and sustainable offering through their unique concept store is an exciting addition to Alhokair’s fast-evolving portfolio. A firm favourite globally, the arrival of the inaugural store in Al Nakheel Mall Riyadh this month is a testament to Alhokair’s dedication to introducing coveted concepts to the people of the Kingdom, enriching the local shopping experience with handpicked international offerings.”
Since the first store opened in Copenhagen in 1988, the variety retail concept has grown to almost 900 shops worldwide. Flying Tiger Copenhagen has a strong focus on uniqueness, product relevance and sustainability. Good and affordable design combined with a unique shopping experience is at the very core of the business. Moreover, Flying Tiger Copenhagen remains committed to respecting ethical, environmental, and social standards across its entire value chain.
Martin Jermiin, CEO at Flying Tiger Copenhagen adds:
”We are very pleased to have partnered up with Alhokair on this important market entry. We are excited to bring Saudi customers our unique concept and fun shopping experience, and have a strong belief that our offering and products fit the Saudi consumers well.”
Saudi Arabia’s first Flying Tiger Copenhagen store will open in Al Nakheel Mall Riyadh on February 24. The launch marks the mobilisation of ambitious plans by Alhokair to introduce 45 stores in five years, starting with the Flying Tiger Copenhagen brick-and-mortar store. Alhokair will introduce their next Flying Tiger Copenhagen stores in Riyadh Gallery, followed by Mall of Dhahran and Al Nakheel Mall Dammam.
-Ends-
About Fawaz A. Alhokair & Co
Fawaz A. Alhokair & Co (known as “Alhokair”) was formed in 1990 by Fawaz, Salman and Abdulmajeed Alhokair. The company has since become the leading franchise retailer in the KSA and the only listed business of its type in the Middle East. Since the opening of its first store in 1991, Alhokair has grown considerably and now trades in circa 1,684 stores across 100 shopping malls in 11 countries, with a retail platform operating on a total GLA of more than 470,000m2. All of this is managed by a workforce numbering more than 10,500. Alhokair currently represents around 85 brands, spanning from womenswear, menswear, kids and baby, department stores, shoes and accessories, cosmetics in addition to operating a series of restaurants and coffee shops. For more information, please visit www.fahretail.com
About Flying Tiger Copenhagen
Flying Tiger Copenhagen is a global retail brand widely recognised for its award-winning design and unique range of products from party-decorations, kitchen equipment, great gifts for colleagues to toys for the kids. Since the first store opened in Copenhagen in 1988 under the name “Zebra”, Flying Tiger Copenhagen has grown to now employ more than 4,100 dedicated employees in close to 900 stores across 31 countries.
© Press Release 2022
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
