UK retailer Waitrose to open sixth UAE store

Waitrose, the food shops of the UK-based John Lewis Partnership, is to extend its presence overseas with the opening of its third branch in Abu Dhabi, bringing the total in the UAE to six.

The 6,600 sqft shop is located in Avenue at Etihad Towers, Abu Dhabi's first standalone luxury shopping destination.

It will open under licence through the retailer's partnership with Fine Fare Food Market (FFFM) and will employ 45 people, a statement said.

Employing over 500 people in the UAE alone Waitrose/FFFM said they continue to look for opportunities for expansion in the region.

A report last year said two thirds of British retailers (66 percent) expect their overseas sales to increase over the next five years and rank the Middle East fifth highest as their preferred future destination.

According to research from Barclays, the UAE (7.7 percent) and Egypt (2.6 percent) were listed as the most popular countries within the MENA region.

The MENA region matched the USA's ranking as a key market for expansion, Barclays said.

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

Posted by: BJ .

When will it open?

All comments are subject to approval before appearing

Further reading

Features & Analysis
Retail renaissance in Saudi Arabia

Retail renaissance in Saudi Arabia

The largest economy in the GCC is emerging as a lucrative retail...

In the lap of luxury: Ermenegildo Zegna's UAE ambitions

In the lap of luxury: Ermenegildo Zegna's UAE ambitions

Ermenegildo Zegna and Al Tayer Group are both respected family...

Focus: The impact of the Bahrain food subsidies row, what it means for the wider region

Focus: The impact of the Bahrain food subsidies row, what it means for the wider region

Sources also claim at least half the butchers in the island state...

Most Discussed
sponsoredTracking