Tesco clothing brand mulls global expansion
Opportunity India Desk
Sep 29, 2017 -
1 min read
The clothing brand sold by Britain's biggest retailer Tesco plans to open more than 50 new franchise stores worldwide over the next five years.
F&F, which opened its first franchise store in Saudi Arabia last year, said it would open shops across the Middle East and in Kazakhstan, Georgia, Armenia and Azerbaijan.
About six stores will be opened this year, with the first in the Kazakh capital Astana next month. F&F gave no details on how much the expansion would cost or how it would be funded. The company said it would extend its existing agreement with franchise operator Al Hokair, and would also work with new partner Dubai-based Al Futtaim.
F&F clothing is already sold in 12 countries, including the Czech Republic and Poland.
