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Saudi retailer Alhokair swings into profit after pandemic losses

RIYADH: Leading franchise retailer Fawaz Abdulaziz Alhokair Co. reported a net profit of SR82.7 million ($22 million) during the nine months period ending Dec. 31, as COVID-19 restrictions eased. The Saudi-based retailer managed to erase losses of SR762 million incurred during the same period a year earlier, according to a filing by the Saudi Stock Exchange. The gradual ease

Alo Yoga Turns To Saudi Arabia For First International Franchise

We’ve known for ages that there are many benefits, ranging from strengthened muscles to eliminating toxins from the body, to getting out a yoga mat. However, home exercise lessons in the ancient practice gained a fresh wave of popularity during the COVID-19 pandemic as it is known to boost immunity and keep anxiety and mental health in check. If you like looking fashion-savvy

Focus Brands Accelerates Non-traditional Growth, Plus More Multi-unit News

As part of its push to open more non-traditional locations, Focus Brands announced it signed agreements with both Pilot Travel Centers and Mountain Express to open Cinnabon, Schlotzsky’s and Moe’s

Subway inks master agreement in Saudi Arabia

A new Subway partnership in Saudi Arabia will nearly double the country s restaurants in the next six years. The deal was inked with Fawaz Abdulaziz Alhokair Co (Alhokair), the leading franchise retailer in Saudi Arabia, according to a press release.…

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