In April, Versace CEO Gian Giacomo Ferraris said the house may consider opening the company to outside investors to help fund expansion
Majid Al Futtaim is eyeing the acquisition of Mansour Group’s Metro chain and discount grocery store Kheir Zaman.
The region’s leading e-commerce players are braced for growth in 2013 following a wave of venture capital last year.
As the world gets smaller individuals have more access to designers and couture items, says Rivaage Boutique founder.
Some experts say the GCC suffers from a lack of local halal certification bodies, as buyers opt for European rivals.
The emirate is rapidly developing new retail space, finds new report.
The Dubai-based mall is undergoing a massive Dhs2 billion-expansion project.
ENBD presently generates around 95 per cent of its revenue from its home market, although it is hoping to increase its international business to 15-20 per cent in five years.
Driven by the GCC’s young population and high-income levels, the region’s food industry is witnessing heavy investment and rapid expansion.
With $16 million sales per day, is Dubai Duty Free’s success about being in the right place at the right time or a shrewd business strategy?
The Swedish burger chain recently opened its first store outside Scandinavia in Dubai.
The airport retailer recorded sales of Dhs1.6 billion in the first three months of the year.
The SAR1.3 billion issue attracted orders worth SAR2.4 billion from institutional investors inside Saudi Arabia.
Borletti and RREEF bought Printemps in 2006 from French luxury group PPR for 1.1 billion euros ($1.41 billion).
New developments planned at the mall include easier Metro access and improved food court facilities.
The American fashion label will launch its first Middle East store in the emirate in 2014.
Reports claimed Qatar Investment Authority was seeking a consortium for an £8 billion takeover of the British retail store.
Qatar Investment Authority has reportedly approached several large private equity houses to jointly bid for British retailer Marks & Spencer.
Visitors from Qatar and Kuwait were found to be the biggest spenders.
The company is currently in talks to export the product to the US, UK, Japan, Brazil and Russia, among other countries.
Retail plays an important role in the UAE’s economic growth, accounting for 12 per cent of Dubai’s GDP over the last ten years.
Products are tested externally and internally to ensure that “quality is maintained” says regional head.
American fashion house will open a Hollister store in Mall of the Emirates in Q3 of this year.
Food is the largest segment of consumer expenditure in the region and stood at $83 billion year-end 2012, says new report.
The Saudi-based juice manufacturer, which signed a $1 billion deal with Coca-Cola in 2011, plans to launch Rani and Barbican brands in international markets.
The Qatar Investment Fund first acquired a 5.2 per cent stake in April last year.
The announcement marked a rare public appearance from the chairman of DAMAC, Hussain Sajwani.
The company aims to have 30 stores in the region by end of 2015.
Luxury brands at SIHH are realigning their positions in the Middle East.
The company, which is expanding rapidly, aims bid for Egypt supermarket chain Metro in the first quarter of 2013.