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

Goldman Sachs officially opens Riyadh office at KAFD
MUBASHER.SA
National Development Fund injects SAR 60 bn annually to support Vision 2030
MUBASHER.SA
Aramco, Qualcomm, RDIA celebrate 1st cohort of AI-focused DISAI Program
MUBASHER.SA
Al Shathri: PIF executes 10 regional deals across MENA in 2 years
MUBASHER.SA
Hub71 pacts with ADYBC to foster youth entrepreneurs
MUBASHER

Related News

Private Equities News
Calendar Icon
Dec 11, 2025
Goldman Sachs officially opens Riyadh office at KAFD
Read More
Private Equities News
Calendar Icon
Dec 11, 2025
National Development Fund injects SAR 60 bn annually to support Vision 2030
Read More
Private Equities News
Calendar Icon
Dec 11, 2025
Aramco, Qualcomm, RDIA celebrate 1st cohort of AI-focused DISAI Program
Read More
Private Equities News
Calendar Icon
Dec 11, 2025
HRDF launches new training push with SAR 324 mn partnership deals
Read More
Private Equities News
Calendar Icon
Dec 10, 2025
Events Fund to develop 20 projects worth SAR 8 bn in five years
Read More
Private Equities News
Calendar Icon
Dec 10, 2025
Qai, Brookfield establish $20bn JV to advance AI infrastructure
Read More
Private Equities News
Calendar Icon
Dec 10, 2025
36 startups showcase innovative water technologies at IDWS 2025 Deal Day
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