The entrance into the Middle Eastern market is the second expansion abroad management has revealed in the last few months. Cold Stone management in November said that it plans to open 105 stores in China and 60 units in Taiwan in the next seven years.
Cold Stone's joint-venture partner in the Middle East is a Dubai-based firm called Apparel Group, which has partnered with such retailers as Athlete's Foot, Kenneth Cole and Nine West for foreign locations. The company operates about 230 stores across the Middle East.
Cold Stone's growth has been explosive since opening its first store here in 1988. The company currently operates about 1,400 units, most of them in the US, as well as locations in Guam, Japan, Puerto Rico and South Korea.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
