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Alhokair Fashion Retail signs franchise deal with France’s Decathlon

DUBAI: Fawaz Abdulaziz Alhokair & Co., known as Alhokair Fashion Retail, announced on Monday it has signed a franchise agreement with French sporting goods retailer Decathlon, with the first store due to open in Jeddah in the first half of next year.

Headquartered in Villeneuve-d’Ascq, in Northern France, Decathlon operates more than 40 brands within the sporting goods and equipment sector and currently has over 1,600 stores in 69 countries. Last year, it reported worldwide revenues of $13.4 billion.

News source ~ Arab News