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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a few. Landmark subsidiary Splash was started in Sharjah in 1993 as a single-brand store but now offers some 50 brands in about 200 stores across 14 countries. Landmark launched Home Centre Stores in 1995 and now operates almost 90 of these. Azadea Group, one of the premier lifestyle retail companies in the region, grew out of a single clothing store in the Lebanese capital city of Beirut in the late 1970s and soon got its first international franchise, MaxMara. Today Azadea Group, still based in Beirut, owns and operates some 50 international franchise brands at 600 stores across 16 countries. Among its offerings are Gymboree, Mango, Old Navy and Zara. The Apparel Group, founded in Dubai in 1999 by Nilesh Ved, has become one of the largest fashion and lifestyle retail conglomerates in the Middle East. The business be- gan operating with only one interna- tional brand, Nine West, and today it boasts nearly 60 top retail names, among them Beverly Hills Polo Club, Kenneth Cole and Tommy Hilfiger. Growth has been incessant, with roughly 1,000 stores in operation cur- rently, across four continents. Since Ved's acquisition of the Tim Hortons fast-food franchise in 2011, he has opened 25 shops in Dubai alone. T h e D u b a i - b a s e d A l - F u t t a i m Group, which was established in the 1930s, operates at least 65 companies and dominates many segments of the market across the region, including automotive, electronics, real estate and construction. Now its reach extends from the United Arab Emirates and Egypt to Europe, Pakistan, Sri Lanka and Singapore. In 1955 Al-Futtaim Motors was the first to introduce Toyota to the Gulf Coast countries. Today the company is one of the larg- est Toyota dealers in the world, and it also sells Honda, Lexus and Volvo, and such brands as Ikea and Marks & Spencer, to name but a few. Majid Al Futtaim Group has made its mark in the region since 1992, with its Mall of the Emirates, City Centre Mirdif and other megamalls — 27 in all, across 14 countries. The company holds exclusive rights to the Carrefour franchise in 38 mar- kets, with some 60 hypermarkets and roughly 70 supermarkets across 13 countries in the Middle East, Africa and Central Asia. The company also operates 143 VOC cinemas and 18 Magic Planet family-entertainment centers. Its fashion-retail business represents Abercrombie & Fitch, Halston Heritage and Juicy Couture. "If you know anything about hyper- markets in developing countries," said McArthur, "they're the locomotive that drives the train." SCT F e b r u a r y 2 0 1 6 / S C T 43 #RECon16 Good news! RECon is tracking ahead of last year. Register now so you don't miss out. 5 BLOCKBUSTER KEY OTES 25 EDUCATI & CERTIFICATIO SESSIO 18 SPECIALTY LEASI G SESSIO 36 , 000 ATT DEES 1 , 000 EXHIBITORS 830,000 SQUARE FEET Visit www.icscrecon.org for more information. May 22 – 25, 2016 I Las Vegas, NV Las Vegas Convention Center & Westgate Hotel REGISTER BY MARCH 31 TO RECEIVE YOUR BADGE BY MAIL

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