KKR & Co and Dubai-based Fajr Capital are close to buying a 25 per cent stake in fashion retailer Azadea Group, said three sources aware of the matter, in what would be the US private equity firm's first Middle Eastern investment.
Splash, one of the largest fashion retailers in the Middle East and part of UAE conglomerate Landmark Group, last week hosted a fashion show taking inspiration from the past and revisiting the realm of Kings and Queens.
Dubai-based Splash, a leading fashion retailer and part of the Landmark Group, opened two new stores in Dubai and Abu Dhabi to mark UAE’s 40th anniversary celebrations.
The multi-brand format with a cosmopolitan look and feel of the two st
Next, Britain's No 2 fashion retailer, said consumers are facing near double-digit price rises for clothes next year, as it posted a slightly bigger-than-expected fall in third-quarter sales at its shops.
The group, which runs over 500 sto