Tanishq, one of the leading jewellery brands in India, has announced the opening of its flagship boutique in the Dubai Gold Souk Extension. Spanning a 5,000 sq ft area, the outlet, its 13th in GCC, is the brand’s largest showroom in the UAE.
Dubai Duty Free has recorded sales of $1.94 billion up to the end of November, and it is on course to hit its target in excess of $2 billion for the year.
On the back of robust retail spend growing at over 7% CAGR in the Middle East and Africa (Mena) region, the leather and footwear market is poised to harvest a windfall growth of nearly $28 billion in the next five years.
Nice One Beauty, a leading Saudi e-commerce platform, is set to launch an IPO in Riyadh, aiming to raise up to SAR1.2 billion ($322 million). It is offering 34.6 million shares (30% of the share capital) for a price range of SAR32 to SAR35 per share.
Talabat Holding, a leading convenience retail marketplace in the Mena region, has announced the successful completion of the bookbuilding and public subscription process for its initial public offering (IPO) on the Dubai Financial Market (DFM).
Lulu Retail has launched its 57th store in Saudi Arabia at Dammam in the Eastern Province as part of its ambitious plan to launch 100 stores in the kingdom within three years. Four new outlets will be opened in Makkah and Madinah in the next two months.
The Saudi Retail Forum 2024 will explore the six pillars shaping the future of KSA’s retail industry (which accounts for 8.6% of national GDP) and also put spotlight on its homegrown retailers who provide 70% of retail jobs, said the event organisers.
Devji Aurum, a leading fabricator of exquisite jewellery, has teamed up with Welsh fashion designer Jayne Pierson to launch its limited edition of rare set of collars, earring and rings under the Gwenllian Collection at Jewellery Arabia 2024 in Bahrain.
Talabat Holding, a leading online food ordering, delivery, takeaway and groceries and convenience retail marketplace in the Mena region, has increased its initial public offering (IPO) size from 15% of its issued share capital to 20%.
Aramex has partnered with ChannelEngine to enable brands and retailers unlock new sales channels across the Middle East and beyond, enhancing their ability to reach new customers and expand into key markets.
