Supply-chain. KFC closes 70 restaurants in South Africa Africa, Middle East In December 2022, KFC announced the temporary closure of 70 fast food restaurants in South Africa.…
Confidential. Citrus Ad to open an office in Dubai Africa, Middle East Advertising technology company Citrus Ad (owned by Publicis Group since 2021) is building a team in the United Arab Emirates.…
Sélim Chidiac (L’azurde): “Online, 20% of customers use the Tabby split payment solution” Africa, Middle East Sélim Chidiac, C.E.O. of the L'azurde jewellery group, which has historically focused on wholesale, presents his strategic directions for increasing direct distribution. This includes deployment of BNPL, launch of a new website in 2023, development of QR codes in stores and a launch into digital marketplaces.
Casino and Lulu Group review their strategy in the Middle East Africa, Middle East The grocery retail market is evolving in the United Arab Emirates. At the beginning of April 2022, the Casino Group‘s business (total sales of €30.5 billion in 2021, down by 0.8% on a comparable basis) changed hands.…
The economic worsens in Tunisia Africa, Middle East According to the IMF, visiting Tunisia from 23rd to 25th March, the country is “facing major structural challenges”, which are leading to a growth and investment slowdown,…
Egypt. Retailers accused of exploiting the Ukrainian crisis to inflate prices Africa, Middle East Egypt is, for the moment, safe from “out of stock” delays. However, local consumers have made complaints against food retail chains, which would take advantage of the inflationary trend to increase prices more than necessary.
Massmart. The Walmart subsidiary reports a loss of US$97.4 million in 2021 Africa, Middle East On 7th March, South Africa’s Massmart (408 stores on the continent) reported that annual losses increased by 65%.…
Qatar welcomes first international Printemps store Africa, Middle East On February 17th, the Printemps Group (15 department stores and 9 Citadiums) announced a long-postponed opening of a first international department store in September 2022 in Doha.…
Watsons opens website and a first store in Qatar Africa, Middle East Hong Kong-based cosmetics retailer Watsons is making inroads in Qatar with a website and a first store located in Doha Festival City.…
Beauty-tech. The race for financing continues Africa, Middle East In Europe, the drugstore sector is not that familiar with Initial Public Offerings. However, in the Middle East two stock market listings involving pharmacy chains are worth following. In India,…
