Abu Dhabi holding company Multiply Group has announced that it has secured a 67.91% controlling stake in Castellano Investments, the owner of leading Spanish apparel group Tendam Brands. The deal marks Multiply’s first major investment into Europe.
Kuwait-based developer Mabanee has announced that its Saudi subsidiary has awarded contracts worth SAR1.13 billion ($301 million) for the construction of five multi-purpose towers within the second phase of its key retail destination - The Avenues Riyadh.
Axor, a major brand from leading German sanitary fittings group Hansgrohe, hosted an exclusive event for 60 Russian-speaking designers and architects in Dubai. The 'From Schiltach with Love' evening saw Axor’s wide-ranging collections on display.
Hublot, the Swiss luxury watchmaker, and partner Attar United, have announced the opening of the first Hublot Flagship Boutique in Saudi Arabia, located in Solitaire Mall, Riyadh.
LG Electronics (LG) has teased the upcoming arrival of its MoodUP Refrigerator in the UAE.
The Damiani Group, a leading player in the luxury sector, has announced the opening of its new outlet in the heart of Spanish capital Madrid in partnership with renowned Swiss manufacturer of high-end watches Panerai.
LEAP25, the region's premier technology event, concluded on a successful note emerging as a global hub for investments in artificial intelligence (AI), infrastructure, and cloud computing, with the total investments exceeding $15 billion, said a report.
Lulu Retail (Lulu), the largest and fastest growing pan GCC full line retailer, today announced a net profit from continuing operations of $216.2 million in FY 2024, up 12.6% YoY, with margins expanding by 20bps.
Bahraini company Sole Corp showcased 25 of its key brands at the Saudi Franchise Expo held recently in Riyadh. It also secured strategic deals at the premier three-day event, further strengthening its presence in both Saudi and international markets
Saudi Arabia’s consumer market is evolving rapidly, characterised by adaptability, shifting spending patterns, and resilience in the face of global economic challenges, according to the latest insights from 2025 Global Consumer Outlook by AlixPartners.
