LeFutur to open 20 stores in the Middle East

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LeFutur, a Russian retailer which specialises in innovative gifts, is looking to open 20 stores in the Middle East that will open over the next three years, 10 of which are to be situated in the UAE, the company revealed.

The stores would be located in the United Arab Emirates, Kuwait, Saudi Arabia, Egypt, Lebanon, Bahrain, Qatar, Oman and Jordan.Alex Vassiliev, has been appointed Regional Director for Middle East and Africa.

The company is also looking to develop its franchising business whereby stores would be operated by the local master franchisees, said Vassiliev.The company has already signed a letter of intent to open 10 stores across the UAE with a leading local business group.

Founded in 2001, LeFutur has grown to more than 80 company-owned and franchised stores in Russia, Turkey, Latvia, Ukraine, Estonia, and Kazakhstan and has five offices in Russia, Hong Kong, Turkey, Ukraine and the USA. High quality of products, unique combination of functionality, creativity, emotions and innovative ideas have made LeFutur so popular in recent years.

In 2006 the group already established its presence in Turkey opening flagship Istanbul store in Kanyon Shopping Mall. Today LeFutur's joint venture company with one of the leading Turkish holdings operates 3 stores in Istanbul and plans to open 12 new stores across the Turkey in 2007.

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