Apparel Group Expands Qatar Footprint with Launch of 20 Stores at Place Vendôme Mall in Lusail City Sima Ganwani Ved, the Founder and Chairwoman of Apparel Group, who was featured in Arabian Business’ Indian Power List 2022, said: “The retail landscape in Qatar has evolved significantly over the last few years, as customers become increasingly discerning and attentive to global shopping trends while staying true to their roots and culture.
Global fashion and lifestyle retail conglomerate Apparel Group has expanded its footprint in Qatar, with the launch of 20 stores at the Place Vendome Mall in Lusail City.
“Continuing Apparel Group’s commitment to providing an elevated shopping experience to our loyal customers, we are proud to be partnering up with Place Vendôme and further expanding our strong retail footprint in the Qatar market.”
The 20 new stores include Charles & Keith, Beverly Hills Polo Club, Rituals, LC Waikiki, Birkenstock, Molten Chocolate & Café, Skechers, R&B, R&B Kids, BBZ, Hema, Crocs, Dune London, Levis, Aldo, Inglot, Aldo Accessories, Athlete’s Co, and Calvin Klein Underwear. Tim Hortons is already operating at the new location.
Apparel Group’s LC Waikiki store will be the largest in the GCC region, spanning a total floor area of 28,000 square feet. Additionally, the global fashion and lifestyle retail conglomerate will be opening a Rituals flagship store along with R&B Kids and Calvin Klein underwear stores for the first time in Qatar.
Ved added: “Our brands’ expansion with Place Vendôme is in line with our strategy of being responsive to consumer demand. Qatar continues to be a strategic market for us and we are proud to be part of the country’s growth.” Apparel Group offers an enhanced shopping experience, that brings a large variety of carefully selected international and regional labels to a discerning audience. Place Vendôme is a multibillion-dollar mixeduse development in Qatar’s emerging Lusail City. Place Vendôme is a project of United Developers, a group of four Qatari investors who partnered to align their expertise in retail, real estate, construction, and contracting. The 1,150,000 square metre development will host two five-star luxury hotels, Le Royal Meridien and Palais Vendôme, a Luxury Collection Hotel, Le Royal Meridien Residences, a mall featuring up to 580 different retail outlets with an exclusively luxurious wing dedicated to top designer labels, and a central entertainment component showcasing constant attractions. The hotels and residences will be operated by Marriott International, which is set to deliver a luxurious and authentic experience that aligns with the Place Vendôme brand. Source: Arabian Business (https://bit.ly/3w9rYOK)
Damac Group Eyes Move Into the Metaverse with $100 Million Investment in “Digital Cities” Led by Ali Sajwani “As well as updating our systems, processes and operations across departments, we have been investing in building a strong team of skilled and talented experts to help support our ambitions of being a digital leader.” Since last year, the group’s real estate arm, Damac Properties has been offering home buyers a 3D virtual experience that utilises virtual reality (VR) and augmented reality (AR) technology.
Ali Sajwani, General Manager of Operations at Damac Properties
UAE-based property giant Damac Group is investing $100 million to build digital cities in the metaverse as virtual and physical worlds continue to collide.
non-fungible tokens (NFT), and Ali Sajwani is tasked with delivering the organisation’s goal to be a leading global digital brand, a Damac statement said.
Damac General Manager Ali Sajwani will head the new initiative, named D-Labs.
“Over the past two years we have been aggressively driving our digitisation efforts, and this new initiative into the metaverse will only further leverage our digital footprint,” Sajwani said.
The initiative forms part of the company-wide ambitions to move into digital assets and
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On Monday, Dubai-based real estate broker Union Square House said it would launch metaverse mansions this year. USH plans to develop and sell ultra-luxury digital properties as NFTs, with or without their physical twins. According to recent market data, real estate sales in the metaverse reached $500 million in 2021, and the sales volume is expected to double in 2022. The metaverse real estate market is projected to grow at a CAGR of 31 percent from 2022 to 2028. Source: Arabian Business (https://bit.ly/38SwXM6)
