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Borders(R) and Al Maya Group Sign Memorandum of Understanding for Borders Franchise in United Arab Emirates and other Gulf Cooperation Council Countries.

Publication: PR Newswire
Publication Date: 03-FEB-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
ANN ARBOR, Mich., Feb. 3 /PRNewswire-FirstCall/ -- Borders Inc., a subsidiary of global book, music and movie retailer Borders Group, Inc. , announced today that it has signed a memorandum of understanding with Al Maya Group, a diversified corporation headquartered in the United Arab Emirates, to establish a franchise arrangement under which Al Maya will operate Borders stores in the United Arab Emirates and other Gulf Cooperation Council (GCC) countries.

The first of what is expected to be multiple Borders stores in the United Arab Emirates will be located in Dubai at Deira City Centre, the premier shopping center in the GCC. The Borders stores will offer a vast array...

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