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FINANCIAL NEWS
UAE SANA plans USD54m expansion plans
24 May 2015
(MENAFN) UAE-based SANA, the fashion retailer, is ready to take up an expansion strategy of about USD54 million to open new stores across the GCC by 2020, Arabian Business reported.
The new strategy comes under SANA prime goal of becoming one of the best and grandest retail fashion brands in the region with more than 100 stores, according to an official corporate statement.
“After months of research, planning, deliberations and financial planning, the decision to refresh SANA and to embark on this massive expansion plan was undertaken with a clear objective,” the CEO of SANA said.
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