The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The 140,000-square-metre mall features the sultanate’s largest cinema, a thousand-seat food court, and Oman’s largest indoor snow park, which will span over 14,000-square-metres.
More than 80 percent of the LEED-certified mall’s gross leasable area has been leased, and 300 retail outlets are set to open in coming months.
Majid Al Futtaim’s strong regional presence includes 29 existing malls across the Gulf Cooperation Council (GCC), a block including Qatar, Kuwait, Bahrain, Saudi Arabia, Oman and the United Arab Emirates.
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Majid Al Futtaim Reports $4.3 Billion Revenue for H1
The Dubai-based shopping mall developer with properties across the Middle East, Africa and Central Asia, recorded 15.6 billion dirham ($4.3 billion) in revenue for the first six months of 2021, marking a 10 percent decline from the same period last year.
Though e-commerce reshaped retailing in the US and Europe even before the pandemic, a confluence of economic, financial and logistical circumstance kept the South American nation insulated from the trend until later.
This week’s round-up of global markets fashion business news also features Korean shopping app Ably, Kenya’s second-hand clothing trade and the EU’s bid to curb forced labour in Chinese cotton.
From Viviano Sue to Soshi Otsuki, a new generation of Tokyo-based designers are preparing to make their international breakthrough.
This week’s round-up of global markets fashion business news also features Latin American mall giants, Nigerian craft entrepreneurs and the mixed picture of China’s luxury market.