UAE retailer GMG announced the opening of a new Nike concept store in Hong Kong. The store is located in the East Point City shopping mall in the Hang Tau district.
Mohammad A. Baker, Deputy Chairman and CEO of GMG, commented in a statement: “Asia is propelling the retail industry forward, generating a substantial portion of global growth in the sector and offering immense potential and expansion opportunities for GMG. The opening of our new Nike store in a key market such as Hong Kong, the first in two years, further signifies the recovery of a post-pandemic economy while allowing us to strengthen our physical retail presence in Asia and empower even more people to embrace an active and healthy lifestyle.”
GMG said it has a long history of partnership with Nike, signing an agreement in 1982 to bring Nike products to the UAE and then distributing and retailing Nike products across the Gulf Cooperation Council (GCC) region as the company expanded.
After establishing a strong presence in the Middle East, GMG entered Asia in 2020 through acquiring Royal Sporting House, the multi-sports retailer. GMG recently acquired Nike retail stores from SUTL Corporation, expanding its presence in Singapore and Malaysia while solidifying its position in Asia.
To date, GMG has over 25 Nike stores in Asia, and with the opening of the East Point City shopping mall, 11 Nike stores in Hong Kong.
Photo courtesy Nike/GMG
