logo-en
  • Home
  • Companies
  • Investors
    • Home
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. Majid Al Futtaim expands lifestyle retail footprint in Saudi Arabia

Majid Al Futtaim expands lifestyle retail footprint in Saudi Arabia

GHADA.ISMAIL
Apr 29, 2025
The expansion includes 13 new lifestyle and luxury stores across key cities, fueled by strong consumer demand and market confidence

Riyadh – Sharikat Mubasher: Majid Al Futtaim is accelerating its expansion in Saudi Arabia’s lifestyle retail sector, announcing plans to open 13 new stores across the Kingdom in 2025, five of which are already operational.

The move will bring the company’s total store count in the Kingdom to 31, reinforcing its commitment to the Saudi market, as per a recent press release.

The expansion includes a mix of global lifestyle and luxury brands, with new stores launching in Riyadh and Jeddah. Among the latest additions are the first Saudi locations for Italian smart luxury brand Eleventy and menswear label Corneliani, which opened this month at Solitaire Mall in Riyadh. In May, Italian furniture house Poltrona Frau will open its first Saudi store at Centria Mall, marking its debut outside the UAE.

Last month, Abercrombie & Fitch and lululemon also expanded their footprint in the Kingdom with new openings in Solitaire Mall. Both brands now operate six and nine stores respectively across Saudi Arabia, with further locations slated for Jeddah later this year.

Fahed Ghanim, CEO of Majid Al Futtaim Lifestyle, said: “Saudi Arabia continues to be a core focus for our business, and our retail expansion reflects both growing consumer demand and our confidence in the market.”

Majid Al Futtaim will also introduce a new Crate & Barrel store at Riyadh’s Sahara Mall, while in Jeddah, five new outlets, including lululemon, Hollister, Eleventy, Abercrombie & Fitch, and AllSaints, will open at Jawharat Mall.

The expansion follows a strong 2024 performance for Majid Al Futtaim’s Lifestyle division, which saw a 26% increase in revenue and a 31% rise in digital sales, 22% of that growth driven by the Saudi market.

Tags

Majid Al Futtaim
expansion
new stores
Share

Attract clients with your ad

Start Now

Trending

Riyadh to host MOMENTUM 2025 in December
MUBASHER.SA
Saudi Arabia puts private sector, SMEs in spotlight at UNIDO Summit
MUBASHER.SA
WHYFIVE unites with AstroLabs to expand into Saudi Arabia
MUBASHER
AI robotics startup Buildroid closes $2mn pre-seed
MUBASHER
Lenovo to begin pilot production at its Saudi factory in December
MUBASHER

Related News

Private Equities News
Calendar Icon
Nov 24, 2025
Riyadh to host MOMENTUM 2025 in December
Read More
Private Equities News
Calendar Icon
Nov 24, 2025
Saudi Arabia puts private sector, SMEs in spotlight at UNIDO Summit
Read More
Private Equities News
Calendar Icon
Nov 24, 2025
WHYFIVE unites with AstroLabs to expand into Saudi Arabia
Read More
Private Equities News
Calendar Icon
Nov 24, 2025
Lenovo to begin pilot production at its Saudi factory in December
Read More
Private Equities News
Calendar Icon
Nov 23, 2025
DHL to invest $150mn in Riyadh logistics hub
Read More
Private Equities News
Calendar Icon
Nov 23, 2025
INTO University Partnerships expands in Kingdom to support students’ global ambitions
Read More
Private Equities News
Calendar Icon
Nov 23, 2025
SVC signs SAR 1 bn in joint investments with 11 U.S. fund managers
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher