Richard Branson’s Virgin Mobile launches in Saudi Arabia

Virgin Mobile Middle East and Africa (VMMEA), part-owned by British entrepreneur Richard Branson's Virgin Group, launched telecoms services in Saudi Arabia on Tuesday, beginning the biggest shake-up in the kingdom's telecoms sector in six years. VMMEA is launching two brands after benefiting from the national telecoms regulator's decision to order the country's three mobile operators... Continue Reading →

Karl Lagerfeld opens first men’s only store in Paris

The new store which is located on Rue Marbeuf store and is spread over two floors will showcase the latest KARL LAGERFELD and LAGERFELD men’s collections including ready-to-wear, accessories, watches, fragrances, eyewear, and novelty items from the World of KARL LAGERFELD. Spanning 133-square-metres, the interior décor features a monochromatic black and white colour scheme, which... Continue Reading →

Edgars targets $4,7m profit – Zimbabwe

Harare - Listed clothing retailer Edgars Stores Limited (Edgars) is targeting a 193 percent growth in profit to $4, 7 million in the 2014 financial year. The group recorded a $1, 6 million profit in the half year to July. During the six months, its performance was significantly affected by an acute liquidity crisis, sluggish... Continue Reading →

H&M eyes further expansion in US, China

Fashion retailer Hennes & Mauritz AB said on Thursday it plans to expand its business over the coming year by increasing online sales and opening new stores, particularly in its largest markets, the US and China. CEO Karl-Johan Persson says the Swedish company is in a "very intensive investment phase" and plans to open 8... Continue Reading →

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