CCC signs franchise deal for Middle East markets

WSE-listed footwear retailer CCC signed a 10-year franchise deal with UAE-based Apparel FZCO to sell its products in a number of markets in the Middle East, the company said in a market filing. According to the contract, Apparel will open at least 60 CCC stores till 2023 in UAE, Qatar, Saudi Arabia, Oman, Bahrain, and Kuwait. First outlets should be launched in Q1 2019. Apparel will also sell CCC products through its e-commerce channels.