As per the deal, MAF Fashion will be the wholesale and retail distributor for the brand in the Middle East and will work towards opening more stores in the region.
Shopping malls recorded an 18 per cent increase in footfall during the first two weeks of the event compared to last year, according to the organisers of the festival.
The first retail and dining concept store is set to open in Abu Dhabi’s Yas Mall in May, with plans also lined up for Dubai.
Emaar Properties owns 84.6 per cent of EMG, having floated 15.4 per cent of its subsidiary last September.
GQ Bar and Vogue Cafe owner Inspired Global plans to bring an additional Vogue Licensed outlet to the region this year, according to CEO, Seehal Shah.
Net earnings in the three months to Dec. 31 were SAR434.4 million.
The developer will launch for lease 1.5 million sqft of shopping, dining and entertainment space at the mall from January 18.
Americana, backed by Kuwait’s billionaire al-Kharafi family, operates franchises for restaurant chains around the region.
The company has also launched a global competition to choose new designs for its staff uniforms as part of the rebranding.
Americana, backed by Kuwait’s billionaire al-Kharafi family, operates franchises for restaurant chains including KFC and Pizza Hut.
The move is part of a wider Middle East expansion plan to open 55 new branches this year.
Perfume was the top selling product in Dubai Duty Free during 2014, followed by liquor and gold, the airport retailer said.
The units are expected to open in April 2015, the developer said in a statement.
The retailer plans to open eight new stores in the Kingdom over the next 24 months, the company’s managing director said.
The acquisition of Retailcorp will give Marka a network of 15 sporting goods outlets across the UAE, a statement said.
The German brand, famous for its roast chicken, is opening outlets in JBR and Dubai Media City.
Increased tourist flows to the region have catapulted the Middle East into the top global market for luxury spending, a new report says
The new snacks manufacturing facility, in Dammam, is the company’s 15th facility in the Middle East.
The latest addition will see Al Ghurair’s retail presence in the region increase to 90 shops from the 60 it currently operates in the UAE, Kuwait and Qatar.
Although opportunities are abound, many entrepreneurs underestimate the challenges of starting up online.
About 60 per cent of online consumers in the UAE have made purchases from overseas stores in the last 12 months, a new survey says.
The Circle Mall is currently in the design stage and will open by 2017.
The duty free shopping centre, situated in Lagos, is scheduled to be completed by 2016.
The facility will now have a new production line for Snickers, and employ 50 additional people.
The clothing retailer, which is also selling its menswear brand Hackett, expects binding offers in around three weeks.
The District on Saadiyat island, is being developed by TDIC along with L Real Estate.
Azadea expects to fetch between $400 million and $500 million with its offer of a 25 per cent stake, sources said.
One of the plants at the facility had been destroyed, while another had its structure partially damaged.
Spread across 198 sqm, the Lego certified store is located in the newly opened Yas Mall.
The first Dairy Queen Treat Stores and Grill & Chill restaurants are expected by Q2 2015.