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House of Fraser prepares to make Middle Eastern debut in Abu Dhabi Tuesday, 26th March 2013
Image credit: The Mall at World Trade Centre Aldar
House of Fraser will open its first store outside of the UK and Ireland in Abu Dhabi later this year, as it prepares to anchor The Mall at World Trade Centre.
Expected to launch early in the second half of the year, House of Fraser’s new store will occupy three levels, joining H&M, BHS, Ted Baker and Pandora at the new shopping centre.
According to Abu Dhabi paper the National, The Mall will hold 60,000 square metres of leasable space, with room for around 150 retailers.
"It's a very typical shopping centre for a community area," said Dave Wallace, the retail mall manager, speaking to the National.
"We have a very densely populated area downtown here and I think these people have been waiting for something like this for a long time where you have a department store and you have a grocery store."
"In every retail development, in this part of the world especially, it is difficult to find anchor tenants that are unique or different," said Wallace.
"This is a breakthrough because there are very few shopping centres that have something unique like this unless it is a home-grown type of brand," he added.
Speaking to the National, Patrick Bell, the director of development for World Trade Centre at Aldar, said House of Fraser would be a good fit for the mall's target audience and would introduce luxury brands to the capital.
"The strength of the mall as I see it is the retail mix within a very unique environment. The location of this plays to those strengths. It's right in the centre of town in the heart of Abu Dhabi.”
LVMH in new joint venture to open luxury mall in Abu Dhabi Monday, 21st January 2013
The District Mall. Image credit: LVMH/ TDIC
French retail conglomerate LVMH is set to develop a luxury shopping mall in Abu Dhabi under a new joint venture with The Tourism Development and Investment Company (TDIC).
LVMH-sponsored private equity fund L Real Estate will now look to develop a 168,000 sqm shopping centre on the Saadiyat Island in Abu Dhabi.
With design work on the mall about to begin, it’s thought construction will start in 2014, for a completion in 2017 to coincide with the opening of the Abu Dhabi Guggenheim Museum.
The mall will house more than 550 stores, many of which will be located outdoors, from luxury and fashion brands to department stores, home and design retailers, art galleries and family leisure attractions.
House of Fraser set for Middle East expansion Monday, 10th December 2012
Photo credit: My Retail Media
It’s thought House of Fraser is preparing to take its department stores overseas as it considers a Middle Eastern expansion for 2013.
Sources cited by the Sunday Express have said the group expects to test the water next year with its first store opening in Abu Dhabi. Its success will then determine if House of Fraser will add any more stores in the region, with Riyadh, Muscat and Doha also potential locations for new stores.
House of Fraser currently operates over 60 stores in the UK and Ireland, and last week reported a 5.4 per cent rise in sales for its third quarter, despite tough trading on the high street.
Asda kicks off Middle Eastern expansion Monday, 29th October 2012
Image courtesy of Asda
A second store in Amman, Jordan is set to open later this year.
The Abu Dhabi store, which is run by franchise partner Azadea Group, will sell the same womenswear and childrenswear ranges that it currently offers in the UK whilst targeting local, ex-pat and tourist shoppers.
Said Daher, chief executive of Azadea, said: “George is a well-established household name in the UK and our ambition is to achieve the same in the Middle East. There is a real need in the market for stylish, good quality, value clothing and we are confident George will plug the gap.”
M&Co to enter the Middle East Tuesday, 27th March 2012
The firm has indicated it will open the franchises at malls in Dubai and Abu Dhabi before the close of 2012.
M&Co has also spoken of plans to launch as many as 50 international franchise stores across the world over the next five years.
The company has already signed a franchise agreement with Al Nasser Holdings for 30 stores across the Middle East.
Kate Spade eyes expansion across the UK and Europe Friday, 2nd September 2011
US womenswear retailer Kate Spade is planning to expand across the UK and Europe if its first standalone stores in London prove successful.
The company opened a 1,800 square foot store in Chelsea this week and a second smaller store in Covent Garden will follow later this month. Kate Spade also trialled a pop-up shop in London's Covent Garden in October this year.
It has been reported that the brand is already eyeing locations in London, Paris and Berlin and also that the company may push the button on a roll-out if its debut stores proves successful.
Kate Spade is currently experiencing a period of international growth and is set to open three stores this autumn in Dubai, Kuwait City and Abu Dhabi in order to add to the 89 stores it already operates in Asia. The company also signed a joint partnership to open stores in China.
Marks & Spencer opens in Mall of Emirates Sunday, 5th June 2011
Marks & Spencer has announced it will open a new store in Dubai’s Mall of the Emirates.
The retailer will join forces with the Al-Futtaim Group, who has worked M&S for over ten years in the region, opening 14 stores.
The opening comes as part of a brand new expansion plan in the Middle East for M&S, with launches in Muscat, Bahrain City and Abu Dhabi’s Marina Mall also on the horizon.
As My Retail Media reported in May, M&S plan to open ten new stores across India and six in China as chief executive Marc Bolland pursues an “evolution not revolution” strategy for growth.
House of Fraser signs 10 year lease for Abu Dhabi’s Emporium Thursday, 21st April 2011The department store is set to become an anchor tenant for its first venture in the region.
Currently on track for a late 2012 opening, the Emporium at Abu Dhabi’s Central Market will house around 150 fashion boutiques over eight floors.
House of Fraser's reputation as a one-stop shop for luxury items is likely to prove popular with the UK expat community which forms a large part of the capital’s consumers.
Fred Douglas, Director of retail leasing at Aldar, the Emporium’s developer, said House of Fraser’s move to Abu Dhabi underpinned the confidence retailers have in the region.
Aldar will also be completing work on Al Zeina, which will host another Waitrose outlet as well as the Yas Mall which is set for completion in 2013.
Abu Dhabi plan to double retail space by 2015 Tuesday, 19th April 2011
Commercial real estate services firm Cushman & Wakefield has reported the city plans to double its retail space by 2015 by another 900,000 square metres.
According to Hannah Jeffrey, head of the Dubai based firm, “there is still significant demand for a better retail offering in the capital, particularly on Abu Dhabi Island.”
Jeffrey went on to say that "Many of the malls are yet to be completed, therefore the true impact of quality retail space being delivered is yet to be felt."
With Dubai named the world’s most popular retail city by CBRE last week, it is likely investors in Abu Dhabi will be keen to compete with their regional rivals.
Gucci announces joint venture with Al Tayer for UAE stores Monday, 14th March 2011
The global leading fashion brand has confirmed its direct entry into the United Arab Emirates via a joint venture with Al Tayer, the Middle East’s largest luxury retailer and Gucci’s long time franchiser.
Gucci’s existing sale points currently comprise of Abu Dhabi, at Marina Mall and three stores in Dubai - Mall of the Emirates, The Boulevard at Jumeirah Emirates Towers and The Dubai Mall. Gucci also has a presence within Harvey Nichols Dubai and Bloomingdale's Dubai, both department stores also being operated by the Al Tayer Group.
Neither company has stated whether the joint venture will span beyond the UAE, although Gucci’s sister company Bottega Veneta’s Qatar store is also run by Al Tayer.