Paris Gallery to open 30 new stores in GCC and Middle East by 2021
UAE-based luxury retail chain, The Paris Gallery Group of Companies has unveiled plans to open 30 new stores over the next five years for the its various brands and subsidiaries across the Middle East.
The new stores announced as part of a five-year regional expansion plan will cover the group’s various brands and subsidiaries.
Besides, the expansion will see the retail group grow its workforce from 3,500 plus to 5,000 plus employees from 260 nationalities.
The expansion plan will take the total number of Paris Gallery stores to 116 stores by 2021.
Paris Gallery Group of Companies CEO Mohammed Abdul Rahim Al Fahim said that the group had shifted its brand focus from being local to regional to international since 2006.
Al Fahim added: “As a result, the Group has become one of the most famous luxury groups in the region and the world, thanks to its excellent customer service, unique shopping experience and high quality services.”
"We are keen to study and analyze the market to identify trends and opportunities in the retail sector. Our partners get the ideal support from our skilled teams in the areas of logistics, finance, marketing, human resources, services and others.”
By 2021, Paris Gallery is aiming to expand its retail presence to 3.2 million ft2 from the 2 million ft2 space it holds for now.
Currently, the luxury retailer has 86 stores located in UAE, Saudi Arabia, Bahrain, Qatar, Iraq, Oman, Azerbaijan among other countries.
The luxury product inventory in the Paris Gallery stores include cosmetics, perfumes, eyewear, accessories, watches, leather goods and fashion, of more than 800 international brands.
According to Al Fahim, Paris Gallery works closely with the managements of government agencies, trade centers and private customers to safeguard and promote the brand interests in the market.
Image: The Paris Gallery Group of Companies has announced its five-year plan. Photo: courtesy of PRNewsFoto/The Paris Gallery Group.