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FINANCIAL NEWS
Rasasi Perfumes to expand business in Bahrain
17 Jun 2014
(MENAFN) The fragrance and cosmetics market is expected to post as much as USD29.9 million rise in sales in Bahrain in 2014, according to Gulf Daily News.
Citing the latest data from Euromonitor International, Rasasi Perfumes managing director Salim Kalsekar said the oriental fragrance brand sees a significant growth opportunity in the country.
The brand has already added a new store in Busaiteen to its nine currently-existing branches in Bahrain.
Kalsekar said: “Growing economic prosperity in the GCC, together with increased demand for modern oriental fragrances in Bahrain, has actually driven the growth of our brand across the kingdom and we would like to tap into this growth by expanding our footprint here.”
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