Paris Gallery Group announces five-year expansion plan
- Group to open 30 stores in 5 years
- 5000 employees from 260 nationalities will work with Paris Gallery
- Total projected retail areas to reach 3.2 million square feet by 2021
Dubai, UAE, March, 2017: The Paris Gallery Group of Companies has announced its five-year plan (2017-2021) aimed at strengthening its retail presence in the GCC region in particular and the Middle East region in general.
Paris Gallery has also announced a well-researched strategic expansion plan that includes opening 30 new stores for the Group’s various brands and subsidiaries. The expansion plan will take the total number of Paris Gallery stores to 116 stores by 2021. To date, Paris Gallery’s existing stores number 86 branches across the UAE, KSA, Qatar, Bahrain, Oman, Iraq, Azerbaijan and other countries.
The Group’s total workforce after implementing the new five-year regional expansion plan will reach a total of 5,100 employees. The current number exceeds 3,500 employees from 160 different nationalities from around the world. The UAE-based Group also confirmed that its total retail areas will reach 3.2 million square feet by 2021, compared with 2 million square feet currently.
“Since 2006, the Group has developed a gradual plan to move its brand focus from the local to regional and global status. 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,” said Mohammed Abdul Rahim Al Fahim, CEO of Paris Gallery Group of Companies.
“The Group has recorded steady growth in the retail and distribution business since 2006. We followed the corporate governance concept from the very beginning, which is considered a crucial and rewarding step. Thus, we have recorded steady growth in revenue, profits and assets,” Al Fahim added.
“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. The distribution arm of the Group has one of the largest networks in the UAE,” he added.
Paris Gallery Group focuses on the luxury products sector and has a wide range of products including perfumes, cosmetics, watches, eyewear, accessories, leather goods and fashion, from more than 800 global brands.
Al Fahim pointed out that customer satisfaction and maintaining the right communications with them, keeping abreast of trends as well as understanding customer preferences are the best tools for Paris Gallery as local retailers with vast history in serving the region.
“Corporate governance practices that we follow can protect the reputation of our brands and strengthen our relationships with them. We work in close partnership with the managements of trade centers, government agencies and private customers to protect and promote the interests of these brands in the market. We also work hard to attract new customers and deepen the loyalty of existing ones. Our vast knowledge in the local market, culture and the art of negotiation is considered an invaluable asset to our partners,” Al Fahim concluded.