American Eagle in Kuwait
Posted on 27. May, 2009 by Ali in kuwait, news
The first American Eagle Outfitters store in the Middle East should open early next year.
South Side-based American Eagle Outfitters Inc. said Wednesday as it reported first-quarter profits that it signed a franchising agreement with an international retail operator, M.H. Alshaya Co., and will look for other opportunities overseas.
The company, headquartered in Kuwait, plans to open a series of AE stores throughout the Middle East in the next several years, CEO Jim O’Donnell told investors in a conference call. American Eagle won’t have to invest any capital and will have minimal involvement in operations, he said, but the deal could generate “significant” returns. 