Retail brand targeting 1,000 stores in Saudi Arabia under two years.

The Apparel Group, one of the largest lifestyle and fashion retail companies in the UAE, is eyeing robust growth in the GCC with plans to expand its store offerings, according to its Chairwoman and Founder, Sima Ved.
Speaking about the company’s expansion into markets in the Middle East, Africa, and South Asia, and a possible IPO in the pipeline, Ved said the Apparel Group was also keen on returning to its roots by increasing the footprint of homegrown brands to make up 20% of the retail company’s portfolio by 2030.

00:00 Introduction
00:48 What does 2024 have in store for the Apparel Group?
02:43 F&B a growing sector for the group
03:21 Expansion plans within the GCC and South Asia
04:53 JVs and acquisitions in the pipeline
06:03 New verticals in focus
06:38 Vision 2030 for the Apparel Group
07:55 New markets to conquer, including further growth in Africa
08:22 A possible IPO
08:38 Plans for the newly launched NYSAA brand
10:00 Capturing the ecommerce space
11:13 Bricks and mortar and the future of retail
12:24 The next disruption in retail

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