Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

French brand CTM STYLE appoints Abughazaleh Trading Company(ABCO)to manage operations in UAE, KSA, Qatar, Oman and Kuwait  Join our daily free Newsletter

MENAFN Press - 20/03/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN Press) Renowned French clothing brand CTM SYLE has appointed Abughazaleh Trading Company (ABCO) to manage its operations in UAE, KSA, Qatar, Oman and Kuwait



After the signing the agreement, Midhat M. Abu Ghazaleh, CEO of ABCO, said the arrival of CTM STYLE is a strong proof that the UAE retail sector has captured international interest following the UAE's successful bid for hosting Expo 2020. He added that international brands see no risk in making investments in the UAE market and for many global retail brand the UAE has become a preferred destination.



Quoting a Bain & Company report, Abu Ghazaleh said that more than half of the world's major retail brands have a presence in Dubai. Another recent report by CBRE's has classified Dubai as the second most important retail destination in the world, after London.



Abu Ghazaleh said the agreement between CTM STYLE and ABCO demonstrates the strong appetite for international brands in the region. The retail sector has got a further boost with a series of new decrees and legislations isued mainly by the Government of Dubai




"Our operations in distribution are growing phenomenally. We will be serving five GCC states through this agreement, operating from our headquarters in the UAE. We are proud to represent this international brand that has more than 4,000 branches worldwide," Abughazaleh added



CTM STYLE specialises in clothing for men, women and children. Its products are available in 15 countries around the world since 1984, and have earned high international reputation in record time



"Through our network and our UAE headquarters, we will manage CTM STYLE operations as per a well-rounded regional strategy. At the same time, we are aggressively exploring other brands that want to establish presence in the region.



CTM STYLE includes several sub-labels such as 'Freegun' for men and boys, and its sister brand 'Miss Freegun' for women. The brand also include labels such as 'Melissa Brown', 'Alan Brown', 'Nuit Secrete', 'Tendre Nuit' as well as 'Scoop Line', the famous global provider of kids' wear


About ABCO
Abughazaleh Trading Company (ABCO) is one of the leading general trading companies in the UAE since 1975. It is a wholesale distributor and manufacturer of all types of apparel, footwear, luggage, hand bags and house hold products. Its line of business also covers services in real estate, logistics and franchising. The company operates in GCC countries, MENA, South Africa, South East Asia, East Europe and Russia.

 


MENAFN Press




  MENA News Headlines
 Dec 4 2016 - First Bloomberg Markets Most Influential Summit Abu Dhabi to Convene the Leaders and Innovators in Finance Shaping the Future of InvestingMENAFN Press
(MENAFN Press) The Bloomberg Markets Most Influential Summit will make its Middle Eastern debut in Abu Dhabi this week, convening global financial leaders and investors who are moving markets, ...

 Dec 4 2016 - Farid Chedid Chairman and CEO of Chedid Re named ‘MEA Industry Achiever of the Year’ at the 2016 MEA Risk & Insurance Excellence AwardsMENAFN Press
(MENAFN Press) Beirut, Lebanon, December 4, 2016 : (ME NewsWire) During a special honoring ceremony held at the Four Seasons Hotel in Dubai, the publishers of Global Reinsurance and StrategicRISK ...

 Dec 4 2016 - Say goodbye to WhatsApp in 2017Khaleej Times
(MENAFN - Khaleej Times) It is time to look at your smartphone, not to check any message or email but how old it is. According to media reports, popular messaging app WhatsApp will stop working on ...

 Dec 4 2016 - UAE- UAQ Khalifa Village, home of 300 orphans, abandoned kidsKhaleej Times
(MENAFN - Khaleej Times) The 30 villas of the Khalifa Village in the emirate of Umm Al Quwain has become home to 300 orphans and abandoned children who are living in real families that meet their ...

 Dec 4 2016 - Watch: Dubai's Shaikha Latifa's fianc shares beautiful tribute poem to herKhaleej Times
(MENAFN - Khaleej Times) --> --> --> In a sweet gesture of his love, Shaikha Latifa bint Mohammed bin Rashid Al Maktoum's fianc, Shaikh Faisal Saud Khalid Al Qasimihas ...

 Dec 4 2016 - Free WiFi at all Dubai airports: High-speed, unlimited tooKhaleej Times
(MENAFN - Khaleej Times) --> --> --> Passengers will now be able to enjoy unlimited free high-speed Wi-Fi at Dubai International and Dubai World Central after operator ...

 Dec 4 2016 - WATCH: Dubai Miracle Garden A380 sets world recordKhaleej Times
(MENAFN - Khaleej Times) Dubai has set yet another world record! Emirates' has entered the Guinness Book of World Records forthe world's largest floral installation through a life-size version of ...

 Dec 4 2016 - Selling real estate in Dubai? Now rules have changedKhaleej Times
(MENAFN - Khaleej Times) The Real Estate Regulatory Agency (RERA), the regulatory arm of Dubai Land Department (DLD), recently made an announcement about its new Real Estate Marketing Agreement - ...

 Dec 4 2016 - Warriors bounce back to rout Suns 138-109The Peninsula
(MENAFN - The Peninsula) Los Angeles: Stephen Curry finished with 31 points as the Golden State Warriors extended their league record streak of games without consecutive defeats with a dominating ...

 Dec 4 2016 - Seven free WiFi hotspots in DubaiKhaleej Times
(MENAFN - Khaleej Times) Home is where WiFi connects automatically. In Dubai, you can feel at home at more than 200 free WiFi hotspots, thanks to the initiativestaken for UAE's 'Smart City'. You ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help