Jeddah hosts American Eagle Outfitters

Updated 23 May 2012
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Jeddah hosts American Eagle Outfitters

American Eagle Outfitters, a leading lifestyle apparel brand, celebrated the opening of its first store in Jeddah on the Tahlia Street.
The store opening is the fourth in the Kingdom and come as part of an expansion plan within the region.
The store is designed over two levels and offers female shoppers a level dedicated to women’s wear and the full assortment of Aerie — the lingerie brand with the service-oriented shopping experience complemented by female staff for the first time.
The store is designed with an authentic American ambience and presents fashion at affordable prices.
AEO excels at introducing new trends through its commitment to color and style.
With denim at the core of the brand, customers can find their favorite pair from a wide selection of fits and washes.
Special attention is given to creating a complete outfit by layering the most loved basics with stylish fashion pieces in each season. Trendy accessories like jewelry, bags and footwear complete the look. The store’s opening coincides with the launch of the new summer collection inspired by an outdoor summer music festival; casual and laidback.
American Eagle Outfitters, through its subsidiaries, offers high-quality, on-trend clothing, accessories and personal care products at affordable prices.
It targets 15 to 25 years old girls and men, with 935 stores in the US and Canada.
The latest brand, 77kids by American Eagle, is available at 22 stores across the US.
The 77kids brand offers “kid cool,” durable clothing and accessories for kids ages zero
to 14.

 


Costa Coffee to go solo pressed by investors

Updated 43 min 7 sec ago
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Costa Coffee to go solo pressed by investors

LONDON: Latte king Costa Coffee is to go it alone following pressure from activist shareholders on Whitbread, the global coffee chain’s parent company, a statement said Wednesday.
UK company Whitbread, which will hold onto hotel chain Premier Inn, said the spin-off is part of a restructuring drive that is set to be completed within two years.
“Given the progress Whitbread is making, we are confident that both Premier Inn and Costa will soon be businesses of sufficient strength, scale and capability to enable them to thrive as independent companies,” Whitbread chief executive Alison Brittain said in the statement.
“The board, therefore, believes that it is in the best long-term interests of Whitbread’s many stakeholders to separate Premier Inn and Costa, via a demerger of Costa,” she added.
Analysts welcomed the move.
“A cleaner operation should enable greater operational focus and afford investors greater clarity on profit and cash generation,” said analyst Greg Johnson at Shore Capital.
Whitbread’s announcement comes after activist investor, US group Elliott last week became its biggest shareholder with a six percent interest.
“The question will of course arise over whether CEO Alison Brittain jumped or was pushed into this proposal by the arrival of two activist investors on the shareholder register,” said Laith Khalaf, senior analyst at Hargreaves Lansdown stockbrokers.
Whitbread bought Costa in 1995 from founders Sergio and Bruno Costa and presently runs about 2,400 stores in the UK and some 1,400 around the world.
Its shops are popular with a wide array of coffee lovers, ranging from students in London, to journalists and Beirut, and tourists in Paris.
Premier Inn has 785 hotels in the UK plus some more in Germany and the Middle East.