Adcoops eyes ties with European retailers
Abu Dhabi, October 28, 2007
Abu Dhabi Co-operative Society (Adcoops), a leading retail chain in the UAE, is exploring strategic agreements with European retailers and manufacturers.
Adcoops recently held talks with business peers in the UK after attending the Anuga Fine Food Trade Fair in Cologne, Germany, which is reputed to be the world's largest food and beverages show.
'Our discussions also centred on management know-how related to multiple store formats. International industry events give us the opportunity to network with leading industry players and share sector knowledge particularly from the leading retailers around the world,' said deputy general manager of Adcoops Faisal Al Arshi.
During the five-day show from October 13 to 17, the Adcoops team met with several retailers to explore synergic buying and strategic sourcing relationships. 'We are looking for international and regional retail partners who would like to take advantage of the synergies,' Al Arshi said.
'As the UAE's leading retail chain, we cater to a wide mix of tastes to meet the needs of people from Europe, Asia and other parts of the world. These interactions and stronger relationships with our partners abroad will help us serve our multi-nation customers much better,' he added.
The world's leading and largest food and beverages show was attended by more than 150,000 international leading trading firms, top-decision makers from the retail food trade, department stores, food service and catering market, specialized stores, importers, wholesalers, industry executives and other associated industry professionals from 156 countries.
Adcoops currently commands an estimated 43 per cent share of the Abu Dhabi retail market. Working under the concept of 'all under one roof', Adcoops' retail chain includes several Abu Dhabi Co-operative supermarkets in the capital city, the Mina Center in Abu Dhabi, Mega Mall and Megamart in Sharjah and Al Ain, Costless Electronics, Costless Infotech and 2XL. - TradeArabia News Service