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 user 2009-01-08 at 1:24:20 pm Views: 55
  • #21324
    Office Depot And M.H. Alshaya Co. Sign Franchise Agreement
    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.

    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

    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

    About M.H. Alshaya Co.
    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