Posted by Neil King
Al Sayegh Brothers, a diversified business conglomerate, has announced plans to expand its operations in the UAE by opening 15 new retail outlets in the country by 2012.
Iqbal Hussain, deputy chief executive officer at the company, said this will include six more branches by the end of this year to add to Al Sayegh Brothers' existing two outlets in the UAE.
Speaking to the Khaleej Times, he said: "The group's core focus is to bring Swiss and Italian products to UAE which are not significantly available in Middle East. Apart from watches we are also looking at fashion jewellery for men and women as new avenue of business since watches and jewellery are interlinked."
The company has achieved a reputation as a luxury retailer in the UAE and recently celebrated the golden jubilee of Seculus Watches, the premier watch brand that it distributes exclusively in the Middle East.
Meanwhile, RBK Middle East, the Dubai-based distributor of Reebok, said last week that it will open 26 new stores in the Gulf by 2014.