Logo of Fawaz Abdulaziz Alhokair Co. (Cenomi Retail)
Fawaz Abdulaziz Alhokair Co. (Cenomi Retail) ended negotiations with a leading global fashion retailer over a potential merger involving several fashion franchises, according to a Tadawul filing today, Jan. 12.
The company is now exploring other strategic options to serve stakeholders' interests. This includes a possible deal with a strategic investor, though the structure and details remain under discussion at an early stage.
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Cenomi Retail confirmed it would announce any material updates in due course, in line with the relevant regulatory requirements.
In August 2024, Cenomi Retail announced talks with a leading international fashion retailer for a potentially significant merger transaction involving several fashion franchises, according to Argaam’s data.
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