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. Dubai boosted passenger numbers 6.1% to 70.5 million last year, almost all of them traveling to or from locations outside the UAE; Heathrow attracted 68.09 million international travelers in 2014.
UAE. Alpen Capital study forecasts promising growth for retail sector across GCC; retail structure undergoing significant transformation, driven by the social and economic developments; the outlook for Qatar is most optimistic.
UAE. Employers need to create a long-term culture, focusing on professionals looking to establish their careers here rather than expatriates who stop by in the Gulf to avail themselves of tax benefits.
UAE. Broadcast rights deals push entire Premier League into world's 40 highest earning clubs;
Middle Eastern commercial partnerships contribute to significant commercial increases at both Manchester City and Paris Saint-Germain.