Retail & Wholesale

Retail & Wholesale

Americana Q1 net falls to $28m hit by $16.3pc revenue dip

Tue, 07 May 2024

Americana Restaurants International, the largest out-of-home dining and quick service restaurant operator in the region, has posted a first quarter revenue fall of 16.3% to $493.5 million leading to a drop in net profit at $28 million.

Retail & Wholesale

BFL Group reaches new milestone with more than 120 stores

Mon, 06 May 2024

Brands For Less (BFL) Group, the region’s leading off-price retailer in the region, has hit a major milestone with more than 120 operational stores across the GCC and Europe.

Retail & Wholesale

Wellbeings opens outlet at Marriott Marquis Jewel of The Creek

Thu, 02 May 2024

Wellbeings, the epitome of luxury wellness experiences, has opened its latest outlet – a captivating new space nestled within the Marriott Marquis Jewel of The Creek.

Retail & Wholesale

Spinneys $375m IPO increases shares in retail tranche

Tue, 30 Apr 2024

Spinneys 1961 Holding, an operator of premium grocery retail supermarkets, has announced that following high levels of demand it will increase the number of shares allocated to the UAE Retail Offering of its $375 million IPO.

Retail & Wholesale

Mezzan Holding shareholders set cash dividends at 20pc

Tue, 30 Apr 2024

Shareholders of Mezzan Holding have approved the Board of Directors’ recommendation to distribute cash dividends of 20% of the nominal value of the share (20 fils per share) for the fiscal year ended on December 31, 2023.

Retail & Wholesale

Sony MEA unveils strong TV, audio line-up for 2024

Sat, 27 Apr 2024

Sony Middle East and Africa has unveiled its powerhouse lineup of new and innovative products across TV and audio systems for 2024, setting the stage for immersive home entertainment experiences and boosting market leadership.

Retail & Wholesale

Capital.com takes top spot in Deloitte Technology Fast 50

Fri, 26 Apr 2024

Capital.com, the renowned Cyprus-based FinTech company, has clinched the top spot for the third consecutive year in the third edition of Deloitte Technology Fast 50, with an impressive 4,411% growth.

Retail & Wholesale

How weather introduced a shift in consumer behaviour: study

Thu, 25 Apr 2024

The recent adverse weather conditions in the UAE led to a significant decrease in online payment transactions, indicating a notable shift in purchasing patterns, a comprehensive study by Global payments solution provider Checkout.com, reveals.

Retail & Wholesale

Cenomi Retail appoints Deloitte as advisor for Aleph sell-off

Tue, 23 Apr 2024

Cenomi Retail, Saudi Arabia’s pioneering retail brand partner, has announced the appointment of Deloitte to manage the forthcoming sale of its Aleph brand.

Retail & Wholesale

44pc UAE retailers hit by cyberattacks in 2023, losing $3m

Tue, 23 Apr 2024

Businesses in the UAE on average encountered losses of approximately AED11 million ($3.08 million) as 44% of businesses experienced cyberattacks, or data breaches last year, marking a 39% increase.