May 22nd, 2012Demand Picks up for Premium Retail Space in Malls
Dubai, UAE - At the rate super-premium retail space is getting snapped up in Dubai, mall developers may well be within their rights to build more. The last three weeks have proved a particularly active one for the sector with a handful of global brands marking out their first stores here.
Scotland’s M&Co, an independently owned fashion- and casual-wear label, has opened in The Dubai Mall and so has Turkey’s Mudo City, which sells everything from fashion to furniture. For both this represents the first time outside their domestic markets.
“We had zero stores overseas and this venture gives us a great opportunity to expand internationally [by] offering high street fashion,” said Lee Braid, who heads the international operations at M&Co, which operates 300 stores in the UK and has plans to add more.Continue Reading »