Most Powerful Expats in Retail

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7. (19) Mukesh Jagtiani

Chairman, Landmark Group

Billionaire ‘Micky’ is head of the Landmark Group conglomerate, and one of the most powerful figures in the Middle East retail industry. Launched in 1973, it operates 900 stores in fifteen countries and has a turnover of around $3.2bn a year.(ITP Images)
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9. (New entry) Tony Jashanmal

Executive Director, Jashanmal Group

With roots dating back to 1919, ‘Jashanmal’ is a household name across the Middle East. The group began trading in Basra, Iraq, with a single store. Today, executive director Tony Jashanmal leads a UAE-based corporation with multi-channel activities across the GCC and India. (Image from
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13. (New entry)Yusuff Ali MA

Managing Director, EMKE Group

Best known for its Lulu supermarkets in the UAE, EMKE claims to cater to 32 percent of the total retail market in the GCC and Ali oversees its turnover of $3.1bn and its over 23,000 employees.(ITP Images)
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44. (New entry) Kadir Gunduz

President, Aujan Industries

With 25 years of experience in the beverage industry in his native Turkey, Gunduz has set Aujan – makes of the popular Vimto drinks brand – an ambitious target of achieving $1bn in sales by 2012 and expanding into emerging markets such as Iraq, India and Egypt.(ITP Images)
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45. (50)Colm McLoughlin

Managing Director, Dubai Duty Free

As managing director of one of the most lucrative duty free outfits worldwide, Irishman Colm McLoughlin oversaw record sales of $1.1bn in 2009 and the roll out of operations at Dubai’s Al Maktoum International will see sales double to $2.5bn over the next five to six years.(ITP Images)
Tue 17 Aug 2010 07:50 AM