Latest Breaking News On - Al futtiam group - Page 1 : comparemela.com
EV Startup River Bagged Rs 332 Cr In Series B Funding Led By Yamaha
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EV Startup River Bagged Rs 332 Cr In Series B Funding Led By Yamaha
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River Indie price, range, features, company funding, Yamaha
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River Indie price, range, features, new showroom
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Shares in Kingfisher, which also owns Screwfix, jumped 4.48 per cent to 286.6p following the announcement.
Thierry Garnier, Kingfisher chief executive, said: “This franchise agreement leverages our ‘Powered by Kingfisher’ plan, and is a great opportunity to expand our business in the attractive Middle Eastern home improvement market with B&Q, one of our most established retail banners, as well as our differentiated owned exclusive brands.
“I am delighted to be working with Al-Futtaim on this step in our plan.”
The first two 50,000sq ft sites will open in autumn this year and will operate under the B&Q banner, with Al-Futtiam Group workers employed to run the in-store and support office functions.