04 August 2011

Lipsy to open 40 stores overseas

British fashion brand Lipsy has signed a multi-territory agreement with Alhokair Group to launch Lipsy into The Kingdom of Saudi Arabia, Jordan, Egypt, Morocco, Kazakhstan, Azerbaijan and Georgia. Alhokair Group which operates franchises for retail chains including Gap, Zara, Monsoon and Miss Selfridge intends to open 40 Lipsy stores over the next five years.

Jeremy Stakol, CEO Lipsy, said “This is a great opportunity for continued growth and underscores the international appeal of our brand. We are delighted to be working with the team at Alhokair and we look forward to introducing Lipsy to their customers... We are currently considering additional franchise opportunities where we can with similarly experienced partners in other countries and territories”.
www.lipsy.co.uk

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