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Tue 27 Mar 2012 10:29 AM

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UK fashion retailer M&Co to open 30 Gulf stores

Company will partner with Liwa Trading, will open four UAE outlets this year

UK fashion retailer M&Co to open 30 Gulf stores
The Scottish retailer will launch four UAE stores in the next nine months (Image for illustrative purposes only)

UK fashion
group M&Co has signed a deal with Abu Dhabi’s Liwa Trading Enterprises to
operate its brand in the Gulf.

The
Scottish retailer will launch four UAE stores in the next nine months, with
plans to open another 24 outlets across the GCC countries in the near future.

The
company, which is Scotland's largest independent fashion retailer, will debut
in the region with a store in the Dubai Mall this May, followed by a second
outlet in Dubai Marina Mall in June.

Two Abu
Dhabi branches will also launch later in the year.

Lee Braid,
the firm’s international franchise manager, told local media the Middle East and
UAE provided the “perfect” opportunity for the brand’s expansion, given the
clothing chain’s family appeal.

He said the
foreign branches would focus on premium products and quite quality kids ranges,
in a bid to tap the opportunities of the market.

Liwa Trading
Enterprises, the retail arm of UAE-based Al Nasser Holdings, holds the
franchise rights for a number of UK clothing brands including BHS and Tammy.

It
currently has 50 stores around the Middle East, with US brand Calvin
Klein and Canadian lingerie store LaSenza also on its books.

Launched 50
years ago, M&Co also has a large portfolio of outlets, with 282 shops in
the UK, three of which are new 'City Concept' stores.

The
company, which has a turnover of more GBP£200m, said it was also eyeing opportunities
in Serbia, Russia and the Ukraine.