Sunglass Hut to Open 50 New Stores in the Middle East
Luxottica Group S.p.A., Milan, Italy, announced that its chain, Sunglass Hut, the largest sun specialty retailer in the world, will open up to 50 new stores in the Middle East over the next two years. After signing a five-year franchising agreement with Azal Group, the chain will spread to high-end shopping
malls mainly in the United Arab Emirates and Saudi Arabia. Luxottica Chairman Leonardo Del Vecchio said the Middle East market has a great deal of potential for fashion and luxury goods. "The product offering of new stores will nicely complement our already strong wholesale coverage of the region," Del Vecchio added. The new stores will only carry Luxottica Group leading brands of premium sunglasses, including the likes of Chanel, Prada, Versace and Ray-Ban.
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