Magazine Luiza in 2025
The vision is to continue to grow. The sector will grow a great deal when it comes to furniture manufacturing as Brazil becomes a huge world power.
Growth Prospects for Magazine Luiza
Magazine Luiza has been growing around 20% and 30% in the last 10 years and entering the stock market contributed to the expansion and liquidity.
Women’s Rights in Bahrain and Migrant Worker’s Rights in Bahrain
Mona Almoayyed, Managing Director of Y.K. Almoayyed & Sons
Unfortunately, what happened in February was like a heart attack to the entire economy.
Family Business in Bahrain Recovering from the Crisis and Going International
Adel Fakhro, Group Managing Director of Abdulla Yousif Fakhro & Sons
Our challenge is to foresee the country’s future development. It is developing very quickly, and it is hard for universities to follow its pace. We believe that partnerships with European, Canadian and American universities will help us to do so.
Kuwait Retail: Kuwait Building Materials
Interview with Khaled Hassan Abul. Abyat Megastore business looks very closely at Kuwait renovation and building materials market due to customer spending in Kuwait. Through salary increases and bonuses in government jobs in Kuwait that would mean more spending for building materials. Abyat Megastore also looks at Kuwait new sites where new housing developments are going to be built. There is a gap there still but this is really a major market for us in building materials. If there are new homes there is a need for new building materials, finishing materials, and furniture- this is where Abyat Megastore comes into play.
Kuwait International Industry Partners, Mezzan Holding
Interview with Mohammed Jassim Al Wazzan. Mezzan Holding see itself as playing a major role in industries. This is where as Mezzan Holding, we are looking and it is a very long term vision that will come about as a result of strong investments. Mezzan holding is looking for international partners. For example, in Bahrain we are looking into the napkin industry on the consumer end. Mezzan holding wants to grow our product lines into the industry and we would be willing to cooperate with major companies. We plan to stay in the GCC region in terms of our expansion because there is a lot of opportunity for growth.
Kuwait Luxury Retail Chalhoub Group
Kuwait retail market is more mature market and Kuwait luxury retail market is probably the most mature market of the GCC countries in this field, with a long history of renowned luxury brands opening their first shop in Kuwait. Subsequently, Kuwaiti customers are very brand-aware; fashion-oriented and act as real trendsetters for the rest of the region. Chalhoub Group often witness customers visiting shops with 1 or 2 pictures collected from the Internet, of fashion shows that only happened a few hours earlier, asking to pre-book these items to be the first to acquire them. Chalhoub Group expects the region to be relatively resilient: 2% growth in 2010, compared to a 15-20% decline globally.
Mohamed Ahmed-Yahia
General Manager – Near & Middle East of LegrandPeople are looking for more commerce, more comfort, more security, more energy saving, in India for instance we found out in a study that there are 300 million people able to buy Le Grand products. Imagine 300 million people out of 1.1 billion, this is huge for us and is a great opportunity for us.