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Clas Ohlson to enter German market and GCC region in 2014

Wednesday, 11 Dec 2013 02:00am EST 

Clas Ohlson AB:Says plans to establish two stores in either Kuwait or the United Arab Emirates in 2014.Says the stores would operate on the basis of a franchising agreement signed with Al Homaizi Group regarding the establishment of Clas Ohlson’s retail concept in the GCC (Gulf Cooperation Council) region.Says aims is to establish at least 20 stores in the region over a five-year period depending on evaluation of the initial stores.Says preparations are ongoing for entering the German market with one to two stores, initially in northern Germany.Says launch of an online shopping in Germany is planned no earlier than in the 2014 calendar year. 

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-1.25 -0.99%
2 Oct 2015