, Southeast Asia
883 views

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.

 

Follow the link s for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

India’s e-commerce market to reach $147.3b in 2024
It will be driven by the expanding internet penetration and better digital payment infrastructure.
E-commerce
Food colors market to reach $5.42b by 2031
Still, the market growth is constrained by strict regulations.

Exclusives

Brands told to come clean about beauty care
Consumers are more discerning and can easily spot fake ingredient claims.
Swarovski cracks TikTok to scale luxury amongst Gen Zs
The Austrian glassmaker is working with influencers to connect with the Singaporean market.
Starbucks Korea opens high-tech store in Seoul
Its first reserve-only branch features AR art installations and a Mixology Bar.
Decathlon gets closer to hybrid Singaporean shoppers through pick-up service
The world’s largest sporting goods retailer lets clients pick up online orders on the go.Decathlon is building on the success of its pick-up service in Singapore as it progresses toward its target of having 37 locations in the city-state in the next two years, its top official said.