Shopping Centers Today International

FEB 2016

Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)

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Page 41 of 59

in the mall — they don't want to have you cherry-pick the brands." Such domination makes entry by others quite tough. "I can't compete with the big boys over here who've taken over so much GLA through property leasing in these big malls," said Furqan Athar, managing director of Dubai- based Spret Retail and a part- ner at McArthur & Co. With four brands — including Oro- gold Cosmetics, an anti-aging agent that uses gold — Athar says he has been focused on what he calls "impulse and novelty." And this, he says, is "a niche market, so there's no competition." The Dubai-based Chalhoub Group has become known as the leading partner for luxury wares across the Middle East. The company, which boasts some 650 retail outlets today across 14 countries, was started in 1955 in Damascus, where Michel Chalhoub and his wife, Widad, opened the very first Christofle boutique. Now their sons Patrick and Anthony, who are co-CEOs, oversee retail operations in the region for such fashion houses as Carolina Herrera, Louis Vuitton, Marc Jacobs and Nina Ricci. The company enjoys exclusive ventures with brands like Christian Louboutin, Christian Dior and Dior Couture. Patrick Chal- houb has also launched brands of his own. Last year he unveiled Wow by Wojooh, touted on its website as "the first make-up line inspired by the Middle East consumer." This con- cept is available in 70 stores across 10 countries and carries roughly 140 beauty products and shades. Landmark Group is a Dubai-based multinational conglomerate started by Micky Jagtiani, who was driving a cab in London before he moved to Bahrain in 1973 to found the com- pany. Now Jagtiani oversees 25 home- grown and 40 international franchise brands. An integral part of Landmark Group is Emax Electronics, the largest electronics retail chain in the Middle East, which opened its flagship big-box store in Sharjah, United Arab Emir- ates, in 2006. Now there are nearly 60 stores, about 800 brands and some 100,000 products. The group's Sports- One is a multibrand, multicategory sporting-goods concept that carries Adidas, Nike and Speedo, to name 42 S C T / F e b r u a r y 2 0 1 6

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