The Paris Gallery Group plans to open 30 new stores over the next five years despite tough trading conditions in the luxury retail sector.
The expansion will result in the group growing from 86 stores to 116 across the GCC and wider Middle East.
Paris Gallery sells products from 800 international brands including perfumes, cosmetics and fashion.
It expects to increase its workforce to more than 5,000 employees from 3,500 at present, increasing its footprint by 50 per cent to 3.2 million square feet of gross leasable area (GLA) by 2021.
“Since 2006, the group has developed a gradual plan to move its brand focus from the local to regional and global status,” said Mohammed Abdul Rahim Al Fahim, chief executive of the Paris Gallery Group of Companies. He said the group has recorded steady growth in revenue, profits and assets.
ascott@thenational.ae
Follow The National's Business section on Twitter
SPECS
Engine: 1.5-litre 4-cylinder
Power: 101hp
Torque: 135Nm
Transmission: Six-speed auto
Price: From Dh79,900
On sale: Now
High profile Al Shabab attacks
- 2010: A restaurant attack in Kampala Uganda kills 74 people watching a Fifa World Cup final football match.
- 2013: The Westgate shopping mall attack, 62 civilians, five Kenyan soldiers and four gunmen are killed.
- 2014: A series of bombings and shootings across Kenya sees scores of civilians killed.
- 2015: Four gunmen attack Garissa University College in northeastern Kenya and take over 700 students hostage, killing those who identified as Christian; 148 die and 79 more are injured.
- 2016: An attack on a Kenyan military base in El Adde Somalia kills 180 soldiers.
- 2017: A suicide truck bombing outside the Safari Hotel in Mogadishu kills 587 people and destroys several city blocks, making it the deadliest attack by the group and the worst in Somalia’s history.
UAE SQUAD
Ali Khaseif, Mohammed Al Shamsi, Fahad Al Dhanhani, Khalid Essa, Bandar Al Ahbabi, Salem Rashid, Shaheen Abdulrahman, Khalifa Al Hammadi, Mohammed Al Attas, Walid Abbas, Hassan Al Mahrami, Mahmoud Khamis, Alhassan Saleh, Ali Salmeen, Yahia Nader, Abdullah Ramadan, Majed Hassan, Abdullah Al Naqbi, Fabio De Lima, Khalil Al Hammadi, Khalfan Mubarak, Tahnoun Al Zaabi, Muhammed Jumah, Yahya Al Ghassani, Caio Canedo, Ali Mabkhout, Sebastian Tagliabue, Zayed Al Ameri
LOVE AGAIN
Director: Jim Strouse
Stars: Priyanka Chopra Jonas, Sam Heughan, Celine Dion
Rating: 2/5
SPECS
Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now
The specs
Engine: Single front-axle electric motor
Power: 218hp
Torque: 330Nm
Transmission: Single-speed automatic
Max touring range: 402km (claimed)
Price: From Dh215,000 (estimate)
On sale: September
