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FINANCIAL NEWS
UAE’s Splash to open outlets in Libya, Kenya and Sri Lanka
22 May 2012
(MENAFN) Splash’s CEO, Raza Beig, announced that the UAE-based firm inked agreements to launch outlets in Libya, Kenya and Sri Lanka in the coming 18 months, reported Arabian Business.
Beig said that the new outlets will be opened through franchise partners, as the other person knows his market better and can share the risk.
He added that the mid-market fashion retailer and a unit of Micky Jagtiani’s Dubai-based conglomerate Landmark Group, considers opening outlets in Far Eastern markets, moreover, the brand might launch shops in more developed retail markets in the future, including Western Europe.
It is worth noting that in Africa; Splash has presence only in Egypt, with 2 outlets.
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