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Sep, 13 2011

Landmark to open 200 stores across Middle East

Landmark Group is planning to expand aggressively in Middle East by opening 200 new stores in the region over the next twelve months.

Landmark to open 200 stores across Middle East

Landmark Group is planning to expand aggressively in Middle East by opening 200 new stores in the region over the next twelve months. The UAE based group develops its own brands and also has franchise rights of several international brands and is looking to expand all the brands in its portfolio through new store openings. It already has 1,000 stores including all the retail brands. Landmark is also seeking to further the presence of its newly developed confectionary and savoury snacks concept, Candelite. For this, the company is planning to infuse $100m into the expansion of the brand for opening 50 stores across the GCC countries in the next year, out ofwhich 23 outlets will be located in the UAE in addition to existing nine. The new Candelite stores will be launched in various formats such as large stores, kiosks and ‘shop in shop’ points of sale across Dubai, Abu Dhabi, Sharjah and Ajman.

The company is also contemplating growing its brand portfolio through tie ups with some new international concepts. LandmarkGroup, one of the largest retail conglomerates in the Middle East operates brands such as New Look, Shoemart, Steve Madden and Kurt Geiger. The company has a well established presence across all categories with in the retail sector across fifteen different Middle East markets.

 

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