Al-Futtaim Set To Create Retail Powerhouse In Asia Through Rsh

SINGAPORE, March 12 (Bernama) -- Dubai-based Al-Futtaim Group has announced that it has invested in the multi-brand sports, retail and lifestyle company, RSH Ltd. This latest investment adds to Al-Futtaim's portfolio which includes the Robinsons Group of Stores, acquired in 2008. The RSH investment expands Al-Futtaim’s retail footprint stretching from the Middle East, across Asia to the Pacific region and brings with it some of the world’s best known brands in sports, golf, active lifestyle and fashion. In a statement, Al-Futtaim said RSH has a rich heritage, starting in Singapore as Royal Sporting House, listing on the Singapore Exchange as Royal Clicks Ltd and renaming itself RSH Ltd in 2003 to reflect its standing in the global arena. With a diversity of business investments in Asia, Middle East and Australia, the latest joint venture with RSH will bolster Al-Futtaim’s status as a retail powerhouse. Both companies bring with them leading world class brands such as Zara, Mango, Massimo Dutti, Lacoste, Reebok as well as Marks and Spencer, Coast and River Island. The two companies have a total staff force of over 6,000. -- BERNAMA