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Sun 11 Mar 2012 06:18 PM

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New York retailer inks deal for MidEast expansion

Designer clothing retailer Kate Spade is planning to open outlets across the Gulf region

New York retailer inks deal for MidEast expansion
New York-based retailer Kate Spade.

New York-based designer clothing retailer Kate Spade on Sunday announced a new deal to launch outlets in the Gulf region.

Kate Spade New York said it had signed a new distribution partnership with Jashanmal Group in the Middle East.

The partnership deal will involve exclusive distribution for the UAE, Kuwait, Qatar and Bahrain and will include women's ready to wear, handbags, small leather goods, fashion accessories and jewellery in both wholesale and retail points of sale, it said in a statement.

The first Kate Spade New York store has recently opened in the 360 Mall in Kuwait. This will be followed by a store opening at the Dubai Mall in mid April.

There are plans to expand into other territories in the region in 2012-13 with multiple retail stores and several shop-in-shops.

Craig Leavitt, CEO of Kate Spade New York said: "We are confident that the Middle East market will be a key growth area for us, and intend to have a meaningful presence in the region, opening in three new markets in the months ahead.

"We are excited about our distribution partnership with the Jashanmal Group as they have a proven track record of strong brand management and aggressive growth plans.

"This launch coincides closely with our expansion into Europe, having opened two stores in London last fall, as we recognise the importance of traffic moving between these two markets."

Tony Jashanmal, Group executive director, added: "We are delighted to announce our association with Kate Spade New York which is one of the fastest growing brands in the US.

"We are confident that this is an excellent addition to our portfolio of accessible luxury lifestyle brands and we are sure that it will offer our consumers an unparalleled sophisticated shopping experience."

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Maram 8 years ago

what about Saudi Arabia?? I guess it has a bigger market than the other mentioned countries!