Turkish Clothing Giant Eyes Space In Nairobi Malls

Turkish clothing giant, LC Waikiki, is in negotiations with The Junction, Two Rivers and Garden City malls for retail space to sell its apparel.

A Fortune 500 company, LC Waikiki is present in 23 countries and has more than 500 retail outlets.

“The company is exploring the emerging retail market opportunities that the growing middle class present in Africa and Kenya is one of our focus countries,” said chief executive Smail Sac in a statement Monday.

Speaking when he met Mr Sac, Industrialisation Cabinet secretary Adan Mohamed said Kenya offers a competitive investment destination in the apparel and textile sector.

“We have duty free access to a huge market through the African Growth and Opportunity Act and European Union that is still punching below its weight despite Kenya being the leader in sub-Saharan Africa,” he said.

– Business Daily

Share on FacebookEmail this to someoneShare on Google+Share on LinkedInTweet about this on TwitterPin on PinterestDigg this