The Paris Gallery Group of Companies has announced its five-year plan, 2017-21, aimed at strengthening its retail presence in the GCC in particular and the Middle East in general.
Paris Gallery has announced a well-researched strategic expansion plan that includes opening 30 new stores for the Group’s various brands and subsidiaries. The expansion plan will take the total number of Paris Gallery stores to 116 stores by 2021. Currently Paris Gallery’s store count is 86 across the UAE, KSA, Qatar, Bahrain, Oman, Iraq, Azerbaijan and other countries.
The Group’s total workforce after implementing the new five-year regional expansion plan will reach a total of 5,100 employees. The current number exceeds 3,500 employees from 160 different nationalities from around the world. Post-expansion its total retail area will reach 3.2 million sqft by 2021, from the current 2 million sqft.
“Since 2006, the Group has developed a gradual plan to move its brand focus from the local to regional and global status. As a result, the Group has become one of the most famous luxury groups in the region and the world, thanks to its excellent customer service, unique shopping experience and high quality services,” says Mohammed Abdul Rahim Al Fahim, CEO of Paris Gallery Group of Companies.
“The Group has recorded steady growth in the retail and distribution business since 2006. We followed the corporate governance concept from the very beginning, which is considered a crucial and rewarding step. Thus, we have recorded steady growth in revenue, profits and assets,” he adds.
“We are keen to study and analyse the market to identify trends and opportunities in the retail sector. Our partners get the ideal support from our skilled teams in the areas of logistics, finance, marketing, human resources, services and others. The distribution arm of the Group has one of the largest networks in the UAE,” he continues.
Al Fahim pointed out that customer satisfaction and maintaining the right communications with them, keeping abreast of trends as well as understanding customer preferences are the best tools for Paris Gallery as local retailers with vast history in serving the region.
“Corporate governance practices that we follow can protect the reputation of our brands and strengthen our relationships with them. We work in close partnership with the managements of trade centres, government agencies and private customers to protect and promote the interests of these brands in the market. We also work hard to attract new customers and deepen the loyalty of existing ones. Our vast knowledge in the local market, culture and the art of negotiation is considered an invaluable asset to our partners,” he concludes.
Words by Farimah Moeini, Snapchat Head of Industry – Retail and Travel TheJuly 5, 2021 | By RetailME Bureau
Snapchat has been betting big on Augmented Reality’s (AR) retail future consideringJune 22, 2021 | By Jibran Chouguley
Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and
UAE-based Al Maya Group announced that it will be boosting import of
UAE-based grocery retail chain, Grandiose has opened its first hypermarket in Abu
UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand
Locally owned supermarket Spinneys celebrates 60 years of doing business in the
UAE-based Carrefour will become the first retailer in the region to offer new levels
The Organic Farmers’ Market is back in Bay Avenue for its 12th
UAE-based Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah,
Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones
UAE-based Al Maya Supermarkets is hosting a two-week food festival at select
Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the
Extravagant, conceptual, great food and views are some of the ways that
Abu Dhabi’s state investment company ADQ is in talks to invest about $500 million
The once powerful department stores that anchored malls and streets around the
Who isn’t a sucker for discounts? Customers today are spoiled for choice
The various e-commerce and virtual retail stores that cater to different product
A private helicopter carrying the chairman and managing director of Lulu Group,
Tighter restrictions on hotels, restaurants, shopping malls and entertainment venues on account of
All hotels and restaurants have been directed to temporarily hold entertainment activities
The new Dubai Gold Souk is “very much on track”, according to
Gone are the days of traditional brick-and-mortar as well as purely e-commerce
The Dubai Gold & Jewellery Group’s ongoing jewellery campaign, held in association