Marks & Spencer To Open First Store In Egypt
Marks & Spencer today announces plans to open its first store in the Dandy Mega Mall in Cairo later this year – the first time the retailer will enter into the Egyptian market, in conjunction with its franchise partner Al Futtaim.
Marks & Spencer intends to open its first store in Egypt at the Dandy Mega Mall – a popular shopping destination in the nation's capital Cairo. Trading over 2,600 square metres, the new store will offer a selection of family fashion, beauty and home products. Under an existing franchise agreement with Al Futtaim Group, the store opens doors to Egyptian customers within the next 12 months.
Following on from this opening, Marks & Spencer will open its flagship store in Cairo Festival City in the spring of 2012. Occupying a prominent position within the Cairo Festival City shopping mall, the new store will trade from 4,400 square metres over two floors. Festival City is located just fifteen minutes away from Cairo's International Airport and is a three million square metre development offering a mix of retail, entertainment and luxury facilities.
The new stores will showcase an extensive range of fashions and accessories across womenswear, including the popular Autograph and Indigo Collection ranges. The stores will also offer a wide range of menswear, childrenswear, lingerie and homeware.
Jon Knight, Marks & Spencer International Area Manager, said: "We're delighted to be entering into the Egyptian market later this year. Our franchise partner Al Futtaim group already have a number of stores in the region and we are really pleased to have secured such great shopping locations for these new stores."
Philip Evans, Director Commercial and Retail Leasing, AFGRE, said: "Marks & Spencer is an iconic brand in the UK that is known for its service, innovation, excellent quality and value. It is exciting to see the brand expanding into Egypt and we're really pleased that the Marks & Spencer flagship store is to be located at Cairo Festival City. The new store will be a welcomed addition to our retail mix and ensures a great shopping experience for all our visitors."
Bob Willett, CEO, Al-Futtaim Group said: "The new Marks & Spencer stores will offer local shoppers in Egypt a wide range of good quality, great value products. Our customers will be able to choose from wardrobe and homeware essentials, as well as the latest fashion trends, making our aspiration accessible to all."