American Eagle continues global expansion
American Eagle Outfitters on Tuesday announced it is continuing its global expansion with new license agreements in South Korea, Singapore, and Greece.
The addition of these key markets strengthens the company’s position across the EMEA and APAC regions and extends its reach to 28 countries worldwide, through a combination of international licensed and company owned and operated stores.
"As we continue to profitably scale our international growth, we are pleased to announce the addition of these important new markets. We look forward to bringing our casual American style and iconic American Eagle Outfitters jeans brand as well as Aerie intimates to new customers. Together with our licensed partners, we will offer the very best brand experience. Our partners bring vast knowledge in their respective markets, an expertise in building businesses and a strong passion for our brands,” said Simon Nankervis, Executive Vice President–Global Commercial Operations.
Store openings will begin in South Korea and Singapore by mid-2015, and more stores are planned to open throughout the year in South Korea. The first store in Greece is scheduled to open this fall.
In March, American Eagle announced plans to expand in Peru and Chile through a multi-year license agreement with Eurofashion Limitada. The first store is slated to open this year in Chile by the third quarter. This announcement followed the promotions of Chad Kessler and Jennifer Foyle to Global Brand Presidents of American Eagle and Aerie respectively.
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