Paris Gallery Group announces five-year expansion plan


March 14, 2017 | By RetailME Bureau

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.

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