Alabbar signs JV deal with online luxury retailer Yoox Net-A-Porter

Dubai billionaire Mohamed Alabbar has signed a joint venture with online luxury fashion retailer Yoox Net-A-Porter Group. The JV with Symphony Investments, an entity controlled by Mohamed Alabbar, will see the him focus his entire online luxury retail activity in the region exclusively through the new company. The 130 million euro ($139 million) JV will... Continue Reading →

Amazon said to consider acquiring Dubai-based online retailer for $1bn#Economy is known as 'Amazon of the Middle East' Amazon does not have big foothold in Middle East (Reuters) MEE and agencies's picture MEE and agencies Saturday 26 November 2016 03:14 UTC Last update: Saturday 26 November 2016 9:20 UTC  13 12googleplus0 27 Topics: Economy... Continue Reading →

South African pharmacy chain Dis-Chem to double in size by 2022November 22, 2016 Written by Georgina Caldwell South African pharmacy chain Dis-Chem to double in size by 2022 Dis-Chem Dis-Chem has vowed to double in size over the next five years, according to a report published by Yahoo. Ivan Saltzman, CEO of the South African... Continue Reading →

Dubai to hold first National Day Sale

Get ready for Dubai's first National Day Sale  Dubai Shopping Festival sale promotions Dubai: Are you interested in discounts of up to 90 per cent the next time you go shopping? Then get ready for Dubai's first National Day Sale from December 1 to 3.  The retail initiative by the Dubai Festivals and Retail Establishment... Continue Reading →

Duke & Dexter launch first UK store

The shop at 16 Earlham Street specialises in premium loafers for men. Designed by both an in-house team and Dreambox, the store features a lounge area and coffee bar as well as a dedicated space where customers can create their own unique and embossed shoes. Duke & Dexter founder Archie Hewlett said: “Our heritage is... Continue Reading →

M&S may announce UK store closures

Following a day of difficult headlines for the retailer, Marks & Spencer is expected to close down dozens of UK stores. Sky News has reported that chief executive Steve Rowe may announce the closure of many UK stores, in an effort to turn around its financial troubles. It was also reported this morning that many... Continue Reading →

Truworths shares dive on downbeat sales update

The fashion retailer cites an increasingly tough retail market. Investors gave the shares of Truworths International a dressing down on Thursday as they fretted about the fashion retailer’s bearish sales update showing that it’s feeling the pinch from South Africa’s tough retail landscape. Truworths’ share price dived by 7.8% during morning trade after it said... Continue Reading →

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