Alshaya got a franchising agreement to get the American eagle to the Middle east:

“The company, headquartered in Kuwait, plans to open a series of AE stores throughout the Middle East in the next several years, CEO Jim O’Donnell told investors in a conference call. American Eagle won’t have to invest any capital and will have minimal involvement in operations, he said, but the deal could generate “significant” returns. ” – SOURCE

“Alshaya will open a series of American Eagle Outfitters stores throughout the Middle East over the next several years. The first store is slated to open in early 2010.” – SOURCE

 

This entry was posted on Friday, June 12th, 2009 at 10:55 am