Al Hokair signs franchise agreement for Lefties brand with Inditex
Fawaz Al Hokair [4240.SE] has signed an exclusive franchise agreement with Inditex Group for value brand, ‘Lefties’, in Saudi Arabia. Al Hokair is planning to open 20 Lefties stores within the next three years.
Al Hokair: SAR30.57 as of 16 Mar. 2017, Rating: Neutral, TP: SAR27.00/share, MCap: USD1,712mn, ALHOKAIR AB/4240.SE
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