UAE. Classic brands are playing by different rules today to grow in the new markets of the East. But is the “New Look” worth it?
The continued growth of emerging markets like the Middle East and China are “transforming the luxury industry”, said Claudio D’Arpizio, a Bain & Company partner and lead author of its ‘Spring 2011 Update: Luxury Goods Worldwide Market Study’ upon the report’s release in May. “Luxury has made a brilliant return to the retail stage, but the script has been re-written” to suit both the escalating demand and the new consumer.
The Chalhoub Group,
UAE. Licensing framework now covers 63 countries; Criteria for healthcare and CAM (complementary and alternative medicine) professionals from new country list includes examination, supervised clinical practice and case submission.
UAE. The Gulf based gourmet food company and owner of the iconic gourmet date confectionery boutiques and premium cafes, has announced a new partnership with the Asian private equity fund sponsored by LVMH.