Clas Ohlson expands internationally through franchising in

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Sep 4, 2013 at 2:15 AM

Clas Ohlson expands internationally through franchising in GCC region

With Clas Ohlson’s strong concept, brand and market position in the Nordic region as a base, sights are now set on continued international expansion. Through franchising, as a complement to Clas Ohlson’s primary establishment strategy based on wholly owned operations, additional growth opportunities can be created in new markets. A franchising agreement has been signed with SYH Retail, Al Homaizi Group Company, regarding the establishment of Clas Ohlson’s retail concept in the GCC (Gulf Cooperation Council) region, which includes the United Arab Emirates, Kuwait, Saudi Arabia, Qatar, Oman and Bahrain. The agreement pertains to the establishment of first two stores in United Arab Emirates or Kuwait with opening scheduled during 2014. Following an evaluation of the initial stores that are established there, the ambition is to establish at least 20 stores in the region over a five-year period. “The cooperation with Al Homaizi Group, which is an experienced and successful franchisee with a strong market position in the GCC region, opens up potential for complementary business opportunities in an attractive region with more than 40 million inhabitants and an expansive retail market offering anticipated annual growth of 8 per cent over the years ahead. We have a unique and attractive concept that will satisfy a growing need in the region to find smart solutions to everyday practical problems,” says Klas Balkow, President and CEO of Clas Ohlson. Al Homaizi Group, a family business based in Kuwait, was founded in 1961 and since then has succeeded to establish a long and solid franchise experience by operating global brand partnership business throughout the GCC Region and Northern Africa. The Al Homaizi business represents home furnishing, fashion and food with brands as IKEA, Burger King, Franklin and Marshall and Pizza Hut among others. “Al Homaizi Group’s ambition is and has always been, to improve our business operation by focusing to the best of our customers. We are happy and proud to be the selected partner. This is a proof of our ambition and success over years and the result of our deep roots in the retail industry. The 100 years experienced Clas Ohlson concept is new for our region. It is very inspiring to launch a new business that will ease and contribute in the everyday life at home and work. We are proud to establish and to put all our effort into a sustainable growth throughout the years in the region. Clas Ohlson franchise partnership with SYH Retail is a fresh start, growing new success stories for the future” says Seda Bayarlar, Managing Director SYH Retail, Clas Ohlson Franchisee. For more information, contact: Klas Balkow, President and CEO, +46 247 447 55 John Womack, Director of Information and Investor Relations +46 70 678 24 99 Seda Bayarlar, Managing Director SYH Retail, Clas Ohlson Franchisee +971 505 239 291 About Clas Ohlson Clas Ohlson was founded in 1918 as a mail order business based in Insjön, Dalarna, Sweden. Today, the company has 178 stores in four countries and sales via the Internet, mail order, telephone and social media. Clas Ohlson helps its customers solve everyday practical problems with a range of affordable products in the five product areas: Hardware, Electrical, Home Multimedia and Leisure categories. The company is listed on the OMX Nordic Exchange and has approximately 4,300 employees. For further information about Clas Ohlson, visit http://about.clasohlson.com (financial information) or http://www.clasohlson.com (e-commerce).

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Striveworks: Boosting Army's AI Edge in Indo-Pacific

The world keeps marching forward, and here’s Striveworks stepping up to the plate with another big move in the military tech space. This isn't your average partnership renewal; this involves a five-year, $200 million deal to enhance battlefield AI as the U.S. Army hones its modern warfare edge in the Indo-Pacific. Now, this isn't just a battle of strategies but a battle...

Full Sail University Bags Billboard Music School Honor

Full Sail Scores a Billboard Nod — What's the Big Deal? Alright, Full Sail University just snagged a spot on Billboard Magazine's 2026 Top Music Business Schools list. That's no small fry, folks. This Florida institution has been carving out a niche in the music business education scene with a hands-on learning approach that hits the nail right on the head. The Recipe...

Rutter Mills Secures $13M in Virginia Injury Cases

The Stakes in Virginia When you drop nine successful injury cases on the scales and they tip over $13 million, that's a story worth dissecting. The two top dogs at Rutter Mills certainly know how to make a splash in the legal puddle, don't they? We're talking about attorneys Adam H. Lotkin and Georgina D. Montgomery here, the legal eagles behind these jaw-dropping...

Ardelyx Securities Fraud Suit: Key Investor Moves

Fraud Allegations: Ardelyx Under the Microscope Looks like Ardelyx has found itself neck-deep in trouble, facing a class action lawsuit over alleged securities fraud. This isn't just a storm in a teacup. We're talking about accusations of false and misleading statements tied to their commercial performance—statements that might have left investors holding the bag with...

Lupin Secures FDA Nod for Key Injectable Drug

Lupin's FDA Approval: A Strategic Play in Pharmaceuticals Ah, the thrill of a new approval! Lupin Limited has landed U.S. FDA approval for their Phytonadione Injectable Emulsion, marking a significant stride into the lucrative realm of vitamin K treatments. This approval isn't just a feather in Lupin's cap—it's a calculated move to corner a piece of the estimated $52.3...

Newfold Digital Revamps Leadership for Growth Surge

Steering into New Horizons with Fresh Leadership October 2026 marks a fresh chapter for Newfold Digital, as they shuffle the deck chairs a bit and ramp up for some ambitious growth endeavors. This web and commerce tech company decided it's time to bring a few heavy hitters on board. Starting this month, watch out for Sachin Puri taking the reins as Chief Executive...

Webull Faces Legal Scrutiny Over Chinese Ties

The Unfolding Drama for Webull Shareholders When you see a ticker like NASDAQ:BULL rolling off your tongue these days, it’s not just about stock prices anymore—it's a whole saga wrapped in legal and geopolitical spice. Following the recent uproar from a House China committee report, Webull found itself thrust into the spotlight for all the wrong reasons. That report...

Protecting Your Family on Halloween: Safety Tips

Avoid Turning Halloween Fun Into a Medical Emergency Halloween should be about ghosts and ghouls, not a dreaded detour to the ER. Yet, every year, adults and kids get carried away with costumes, only to find themselves in a real-life horror show courtesy of a slip, a fall, or a carving mishap. The American Academy of Orthopaedic Surgeons (AAOS) is waving the safety flag,...

PrideStaff: 8 Years Strong on Franchise Times Top 400

Where PrideStaff Stands in the Franchise Landscape Here's something the staffing world can't ignore: PrideStaff nailed it again, landing among the giants on the Franchise Times Top 400 for the eighth straight year. Sitting at number 217, this ain't just a lucky streak—this is a sustained homerun, my friends. Consistency Is Key, And They're Holding It Consider this...

Teamsters Secure Landmark Deal for SF Parking Workers

Major Win for San Francisco's Parking Professionals Parking lots and garages across San Francisco might not be the first places you’d look for labor triumphs, but that’s exactly what almost 1,000 members of Teamsters Local 665 have achieved. Under a newly ratified four-year master contract, these parking pros snagged one of the richest deals the industry has seen. A...