Owing to Egypt’s economic situation, several international brands to close stores
The Al Shaya Group, a Kuwaiti retail company, has decided to close some of its stores in Egypt due to the country’s economic situation, characterized by currency depreciation, exchange rate pressures, and high inflation. The group has been operating in Egypt for over 20 years and has a portfolio of over 200 stores. The decision …
The post Owing to Egypt’s economic situation, several international brands to close stores appeared first on Egypt Independent.
Egypt Independent
January 20, 2024
