Mall operators in the Gulf region are delaying new mega-projects as the coronavirus pandemic and low oil prices upend a retail industry built around huge centres catering to tourists and wealthy locals.
Sergio Bucher, the CEO who hoped to turn Debenhams around but has presided over its decline, is expected to set down from his role within the next few days with some observers saying news could come as soon as Monday.
Abercrombie & Fitch announced it has expanded its partnership with its Middle Eastern partner Majid Al Futtaim to open the first-ever store in Saudi Arabia. It will also house a shop in shop for Abercrombie Kids.
Abercrombie & Fitch Co. announced it has expanded its existing relationship with Majid Al Futtaim Fashion, its retail partner in the Middle East. The new markets include Saudi Arabia, Quatar, Bharain and Oman.
Dubai's Majid Al Futtaim (MAF) will spend about one billion dirhams ($272.3 million) expanding one of the emirate's largest malls, which houses an indoor ski slope, in a further sign of a revival in its retail and tou...