The online retailer has expanded into a marketplace, and will host sellers from around the world.
Salwa Hachem Mahfouz, Co-CEO of Fashion & Beyond, discusses her plans for bringing Brazilian swimwear brand Liquido to the region in the build up to the Dubai launch later this month.
The first lululemon athletica store is slated to open in Dubai later this year.
Kuwait’s Alghanim has acquired all operational outlets of Wendy’s in the UAE with plans to open additional stores in the MENA region over the next 10 years.
Following the expansion, the net leasable area at Manar Mall will increase from 30,000 to 60,000 sqm.
The developer reported a 61 per cent jump in quarterly profit.
Around 60 per cent of mall visitors last year were UAE residents and other GCC tourists while the remaining 40 per cent were tourists from across the world.
The company, which manufactures beverage brands such as Rani and Barbican, said that it achieved double-digit growth last year.
The development features 44 retail, restaurant, cafe, and entertainment brands, Meraas said.
Jarir posted a 25.5 per cent increase in its fourth-quarter net profit.
Dubai-based Levant Capital and Citi Venture Capital International originally bought the stake in Al Raya in 2012 for $100 million.
The GCC’s retail growth will be supported with the opening of new malls across the region, writes Sethi.
The Indian jewellery retailer currently operates nine outlets in the UAE and three in Kuwait.
Gulf Marketing Group, the parent firm of Sun & Sand Sports, said that it will create up to 1,000 jobs across its brands in 2015.
The retail group said that it aims to double the size of its business within the next five years.
A stake of between 20 per cent and 40 per cent could be sold, according to three sources with knowledge of the sale.
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.