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http://newsticker.welt.de/?module=smarthouse&id=830415
Office Depot And M.H. Alshaya Co. Sign Franchise Agreement
Office
Depot, a leading global provider of office products and services,
together with M.H. Alshaya Co. (“Alshaya”), an international retailer
operating over 40 international franchise brands throughout the Middle
East, Eastern Europe and Russia, have concluded an agreement to sell
office products and services under the Office Depot name. Under the
agreement, Alshaya will be granted the franchise rights for all
channels in the Kingdom of Saudi Arabia, the United Arab Emirates,
Kuwait, the Kingdom of Bahrain, Qatar and Oman. The first four retail
store locations are scheduled to open in 2009 in Kuwait City and Dubai.Office
Depot offers a broad assortment of products and services, competitive
prices, and an informed staff of sales associates. With products
ranging from ink and toner to office furniture and electronics, Office
Depot has the products that help customers take care of their
business.”We are very pleased to have Office Depot as our partner,”
said Mohammed Alshaya, Executive Chairman of M.H. Alshaya Co. “We
believe there is a significant market for these products and services
throughout the Middle East. We look forward to using our experience and
regional knowledge to firmly establish Office Depot as the natural
choice for businesses and individuals for all of their office supply
needs.””Office Depot understands the importance of developing a retail
business in the Middle East and is partnering with a very experienced
company such as Alshaya,” said Ernst Wessel, VP International Franchise
Development. “We believe that the Office Depot business is particularly
suitable and attractive as a franchising concept for certain
territories and I look forward to talking with other potential
partners.”About Office Depot
Every day, Office Depot is
Taking Care of Business for millions of customers around the globe. For
the local corner store as well as Fortune 500 companies, Office Depot
provides products and services to its customers through 1,705 worldwide
retail stores, a dedicated sales force, top-rated catalogs and a $4.9
billion e-commerce operation. Office Depot has annual sales of
approximately $15.1 billion, and employs about 49,000 associates around
the world. The Company provides more office products and services to
more customers in more countries than any other company, and currently
sells to customers directly or through affiliates in 48
countries.Office Depot’s common stock is listed on the New York Stock
Exchange under the symbol ODP and is included in the S&P 500 Index.
Additional press information can be found at
http://mediarelations.officedepot.comAbout M.H. Alshaya Co.
M.H.
Alshaya Co. is a leading international franchise operator for over 40
of the world’s most recognized retail brands, including Starbucks,
H&M, The Body Shop, Foot Locker, Mothercare, Debenhams, River
Island and Boots. The company operates over 1,500 stores across six
divisions: Fashion & Footwear, Health & Beauty, Food, Casual
Dining, Optics and Pharmaceuticals.M.H. Alshaya Co. stores can
currently be found in 16 markets across the Middle East, Turkey,
Cyprus, Russia, Poland and Egypt. More recently, the company launched
operations in Slovakia, Czech Republic and Hungary. It employs more
than 15,000 people from over 35 nationalities.The company has
established itself as the industry leader across these territories
through a combination of local market understanding and a comprehensive
commitment to customer service. Growth in each of its operating
divisions and brands is supported by continuous investment in talent
and infrastructure. It applies best practices in retail operations,
merchandising, marketing, information technology, logistics, real
estate, human resources and financial controls.M.H. Alshaya Co.
is the retail business of the Alshaya Group, which was founded in
Kuwait in 1890 and today represents one of the most dynamic companies
in the Middle East. In addition to its retail operations, the Alshaya
Group is active in a number of other sectors including real estate,
automotive, hotels, trading and investments.Learn more about the
company at http://www.alshaya.com.
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