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Fawaz Abdulaziz Alhokair & Co. ( Cenomi Retail) Announces the Signature of Agreements to Enter the Retail Market in Uzbekistan
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| Announcement Detail | Fawaz Abdulaziz Alhokair & Co (Cenomi Retail) the pioneering retail brand partner of choice in Saudi Arabia and international markets, announces its entry into Uzbekistan which represents the eleventh international market for Cenomi Retail a promising market with potential growth bringing the integration of fashion innovation and fashion forward collection to satisfy increasing consumer demand in Uzbekistan. The signed agreement to bring eight international brands of which seven Inditex brands including the flagship Zara store, at the newly developed Tashkent City Mall, along with Cinnabon . Having signed Cinnabon agreement, Cenomi Retail completes its inaugural Uzbek market entry with the signing and opening of the seven Inditex brand stores, anchored by a 3,300sqm Zara store, in addition to Pull & Bear, Stradivarius, Massimo Dutti, Bershka, Oysho and Zara Home. The opening of the new Zara store for women, men and children is timed with the launch of its online offering in Uzbekistan ensuring an integrated shopping experience. Set in a prime location within Tashkent City Mall, featuring the latest retail concept for larger stores, and is equipped with technology tools such as the ‘Store Mode’ which links the online platform with the Tashkent City Mall store . With a population of more than 30 million people, Uzbekistan has seen a marked increase in interest from international retail brands looking to capitalize on maturing consumer habits. Having previously been dominated by the traditional market format, the country’s retail sector is seeing a move towards retail chains as it modernizes to meet the increasing demands of its large consumer population. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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