Landmark Group, the leading value conglomerate in the retail and hospitality sectors, has unveiled plans to invest $1 billion to expand its presence across the Gulf, India and South-East Asia.
The UAE ranks third globally in the diamond trade after India and the US with a share of more than 15% of total global trade in this sector. The country's diamond trade value hit $39 billion in 2023 and is now on track to top $40 billion by year-end.
A staggering 51% of luxury retail employees plan to leave their jobs amid a talent crisis gripping the industry, said a landmark report titled “The Advisor Effect: Driving Retail Success by Re-imagining the Role of the Client Advisor”.
Cenomi Retail, Saudi Arabia’s pioneering retail brand partner, has made a significant turnaround in the third quarter (Q3) posting a net profit of SR19 million ($5.06 million) compared to a huge net loss of SR203 million in Q3 2023.
Spinneys, the region’s leading food retailer, has delivered solid results for the first nine months with AED2.3 billion ($626 million) record revenue, up 11.4% over last year, while its profit before tax surged by 27.1% to AED203 million ($55.2 million).
Al Islami Foods, a top UAE-based provider of halal poultry and meat products, has launched its processed food range in Qatar that aims at meeting the needs of modern households and busy individuals, bringing a new level of convenience to halal cooking.
Saudi Arabia's Tourism Development Fund (TDF) has signed a strategic agreement with Dusit International, a leading global hospitality group, for the development of a range of top-class hospitality projects across the kingdom.
Lulu Retail Holdings, the largest and fastest growing pan-GCC full-line retailer, today announced the successful completion of the bookbuild and public subscription process for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX).
Andreu World, an international furniture company, is opening its first showroom in UAE at Dubai Design District (d3). Designed by Spanish veteran Patricia Urquiola, this new space will serve as a gathering point for the brand's customers and visitors.
Lulu Retail Holdings, the largest and fastest growing pan-GCC full-line retailer, has announced an increase in the size of its initial public offering (IPO) on the the Abu Dhabi Securities Exchange (ADX).
