From a long line of successful entrepreneurs, Nilesh Ved’s family has run the largest gold bullion trading firm in Dubai since 1904. He became intrigued by the American retail environment after graduating with a Bachelor of Science in Business Administration degree at Boston University.
Ved now heads up the UAE’s Apparel Group, which has over 620 stores and more than 50 international brands under its umbrella and is aiming to achieve its goal to open its 1,000th store by the end of next year.
Ved was instrumental in 1999 in bringing the US clothing brand Ninewest from America, and launched the first stores in Lamcy Plaza in Dubai. He has also recently opened the first Tim Hortons restaurant in the Gulf.
The chain, Canada’s largest restaurant franchise, will open four new outlets in the UAE before the end of the year.
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