Swiss luxury goods group Richemont has officially inaugurated its new purpose-built operations center at Dubai Airport Freezone under the patronage of H.H. Sheikh Ahmed Bin Saeed Al Maktoum.
Abercrombie & Fitch Co., in partnership with Majid Al Futtaim, to open the first A&F store at the Red Sea Mall in Jeddah.
Leading American children’s lifestyle brand Hanna Andersson has partnered with Al Tayer Group to launch their first store outside of the United States.
Since taking on the top job in 2010, Anan Fakhreddin, the CEO of Damas, has guided the company out of crisis and back to prominence.
Chalhoub Group operates in 14 countries with more than 600 retail stores, distributing the crème de la crème of high-end luxury brands.
Al Tayer Group plans to open the first Bloomingdale’s store in Kuwait in Spring 2017 as part of a strategic partnership with Macy’s, Inc.
Dubai Duty Free group, which incorporates the airport retail operation and its Leisure division, announced turnover of USD 1.93 billion for 2015.
Italian fashion giant Ermenegildo Zegna Group’s CEO Gildo Zegna explains that rushing to open in international markets can be a double-edged sword.
CNBC’s Phil Han reports.