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FINANCIAL NEWS
Dubai’s Landmark Group to introduce Lipsy fashion brand
25 Nov 2011
(MENAFN) Dubai-based Landmark Group signed a deal with UK’s Lipsy to introduce the British fashion chain to the Middle East, Arabian Business reported.
The retailer behind fashion chains New Look and Reiss unveiled plans to expand the brand across the UAE, Qatar, Kuwait, Bahrain and Lebanon over the next five years. It would open first Lipsy store in Dubai in 2012.
Vipen Sethi, CEO of Landmark Group, said earlier this month the group plans to extend its retail business to five new countries, introduce new brands and achieve revenue of over USD5 billion by 2015.
Landmark uncovered plans in September to open another 200 stores across the Middle East over the next twelve months and increase its retail space by approximately 15-20 percent.
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