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 →

Victoria Beckham opens first store

Victoria Beckham has opened her first-ever store at 36 Dover Street in London’s Mayfair. Designed by London-based architect Farshid Moussavi, the three-storey space features imposing flight of four metre wide polished concrete stairs leading to a giant projection on the first floor's end wall and a spectacular cast-concrete latticed ceiling above. Wafer-thin shelves retract into... Continue Reading →

Sports Direct takes put option on Tesco

Sports Direct takes put option on Tesco Sports Direct has entered into a put option on a small stake in troubled supermarket Tesco. In a statement, the sporting goods retailer said the agreement with Goldman Sachs referenced 23 million Tesco shares, representing a 0.28% stake in the supermarket. The option is worth up to £43... Continue Reading →

SOUTH AFRICA Retail guide : Download PDF

Download here South Africa occupies the southern tip of Africa, its long coastline stretching more than 2,500km from the desert border with Namibia on the Atlantic coast, southwards around the tip of Africa, then north to the border with subtropical Mozambique on the Indian Ocean. It is one-eighth the size of the USA, twice the... Continue Reading →

UK retail guide :download PDF

Download here Once called a nation of shopkeepers, the UK has produced a number of iconic international retail brands including Harrods, Selfridges, Harvey Nicols, Fortnum & Mason. The maturity of the retail market in the UK means that domestic and non domestic retail operators are quick to adapt and implement new retail strategies and technologies... Continue Reading →

Versace opens new flagship store in Milan

Versace opened this week a new flagship store in Milan within the recently restored Galleria Vittorio Emanuele II. The restoration of the famous Galleria, which survived the city’s bombing during the Second World War, was supervised by the city’s Sovrintendenza alle Belle Arti (Department for the Fine Arts), with delicate work undertaken to preserve and... Continue Reading →

Tesco Suspends Bosses Over £250m Profit Error

Tesco has suspended four senior executives after it revealed an accounting error overstated its first-half profit by £250m. CEO Dave Lewis said that “a number of people” have been suspended while an internal investigation is underway, including the four senior executives. Shares were down more than 11% in early trading, before easing slightly to around... Continue Reading →

Alibaba IPO raises nearly $22 billion

The Alibaba Group’s highly anticipated initial public offering on the New York Stock Exchange raised almost $21.8 billion after pricing its shares at the upper level of $68 each, a lucky number for the Chinese. Friday, though founder Jack Ma was there, it was Alibaba customers who rang the NYSE bell. The stock began trading... Continue Reading →

Pizza Hut returns to South Africa

YUM! Brands’ Pizza Hut chain is returning to South Africa after a six-year absence with a new focus on delivery meals and a plan to use the country as a platform to enter other parts of the continent. The first new outlet will open in Johannesburg on Thursday, Randall Blackford, general manager for Pizza Hut... Continue Reading →

Marks & Spencer to launch in Scandinavia

Marks & Spencer is to launch in Scandinavia for the first time as it steps up its international expansion. The 130-year-old retailer is to open 15 stores in Finland and Norway as part of a franchise agreement. Marc Bolland, chief executive, has pushed M&S into France, the Netherlands, China and other international markets after taking... Continue Reading →

Amsterdam Schiphol to add +20% more commercial space in Departure Lounge 2 as ambitious expansion begins

NETHERLANDS. Schipol Group has today launched an ambitious redevelopment project that will add +20% more commercial space at Amsterdam Airport Schiphol’s Departure Lounge 2. The project, to be completed in phases by mid-2015, will also include fresh commercial concepts and a new approach to grouping retail and food & beverage outlets in appropriate zones. Seven... Continue Reading →

Damas CEO Named Retail CEO of the Year

CEO Awards ME 2014 Recognizes Outstanding CEOs and Business Leaders across the Middle East Dubai - Anan Fakhreddin, CEO of Damas, the Middle East's leading jewellery and watch retailer, has been honored with the Retail CEO of the Year award at the CEO Awards ME 2014 in recognition of his achievements across the Gulf region.... Continue Reading →

Boardmans launches e-commerce site

Retail group Edcon has announced that home specialist, Boardmans, has launched online, and follows the launch of other brands in its stable, namely CNA, and Red Square. The new e-commerce website includes an extensive range of well-known premium home brands, including Jamie Oliver, Russell Hobbs, Granny Goose, Zeal, Umbra, and Jenna Clifford, as well as... Continue Reading →

Auas Mall nears completion- Namibia

The upgrade at the Auas Valley Shopping Mall is nearing completion and is already showing its new vibrant colours. With most of the current and new shop owners now already trading, or in the final stages of preparing their stores, and the parking nearing completion, the Auas Valley Shopping Mall will soon be the prime... Continue Reading →

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