Alshaya Group (also called the M.H. Alshaya Co.) is a multinational retail franchise operator headquartered in Kuwait.[1] It operates nearly 50 consumer retail brands across the Middle East and North Africa, Turkey, and Europe.[2] In addition to its retail operations, the Alshaya Group has holdings in real estate, construction, hotels, automotive and general trading, largely centered in the Middle East.[2]
History
Alshaya is believed to be the oldest company in Kuwait. M.H Alshaya Co. was registered in 1890 and initially established trading links between Kuwait, Saudi Arabia and India. In 1890, M.H. Alshaya Co. was founded in Kuwait as a shipping company, initially trading with British India. In 1965, the company diversified by opening a Sheraton hotel in Kuwait City, the first Sheraton outside North America. In 1983, Alshaya expanded its franchising business when it acquired the Kuwait franchise rights for UK retailer Mothercare.[3]