Aldo opens its first three stores in Portugal

Global real estate consultant Cushman & Wakefield Healey & Baker (C&W/H&B) announced today that it has concluded negotiations with the Portuguese company ZT Two ,the Portuguese franchisee for the international shoe giant Aldo .

Cushman & Wakefield Healey & Baker has been working with ZT TWO and Aldo since August 2003. Following a market entry study, the first Aldo stores will open in the award-winning shopping centres Almada Forum (in Almada, near Lisbon), CascaiShopping (in Cascais, near Lisbon) and MadeiraShopping (in Funchal, Madeira). The shop fit-outs are also managed by C&W/H&B’s Lisbon Project Management team, headed by Simon Longhurst.

C&W/H&B are currently working with ZT TWO in order to open additional stores .

Aldo is one of the world’s largest footwear chains with over 700 stores in North America, UK, across the Middle East and Singapore. Aldo began its European expansion in 2002, when it opened its two flagship stores in London’s Covent Garden and Oxford Street. Portugal will be Aldo’s second European venture.

The international retailer has now 10 stores in the United Kingdom and will expand into Copenhagen, Denmark where it will open two stores in March.

Michael Rodda, Head of Retail of C&W/H&B Portugal, said: ”The fact that Portugal has come second to London for Aldo’s European expansion is a reflection of how respected our shopping centre market has become on a world scale”.

According to Norman Jaskolka, VP of Aldo Group Inc., ”We are very pleased to have expanded into Portugal, with the assistence of C&W/H&B. We have great expectations for our operation in Portugal and are very much looking forward to our first openings. We chose Portugal because we believe that it has a fantastic retail landscape for our fashion product with its multitude of world class malls, excellent shopping hours and stylish consumer taste.”

Source: C&W/H&B

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