, Southeast Asia

Nike’s Singapore and Malaysia outlets now owned by GMG

The new operator has expressed plans to expand their footprint in Asia.

Footwear brand Nike’s retail outlets in Singapore and Malaysia have a new owner in Dubai-based wellbeing company GMG after it acquired the stores from the sports retailing arm of SUTL Corporation, the company said in a press release.

GMG's deputy chairperson and CEO Mohammad Baker has expressed plans to “further cement our long-standing partnership with Nike and expand our footprint in Asia."

GMG has introduced more than 120 brands into its markets, promoting healthier and more active lifestyles through four business verticals: sports, food, health, and consumer goods.

SUTL was appointed by Nike as one of three operators in 2010 with three Nike-only stores. It then became the exclusive operator of Nike-only retail outlets in Singapore and Malaysia. SUTL opened a Nike store in the Jewel Changi Airport in 2019, the largest Nike-only retail store in Southeast Asia.

 

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