By Andy Sambidge
Nick Peel is appointed by retail and restaurants group ahead of its shares going live on DFM in September
Dubai-based retailing and restaurants group Marka on Sunday announced that it has appointed a former retail director of Arsenal Football Club as its CEO.
Nick Peel joins Marka from the European developer and manager of designer outlets, McArthur Glen, where he held the position of UK Country Manager, with responsibility for a turnover in excess of £600 million and more than 200 brands.
Prior to that, Peel held the position of retail director of Arsenal, where he was in charge of Arsenal’s retail, wholesale, merchandise, licensing, and brand direction and played an integral role in driving club’s global super-brand status.
He also was part of the executive management of the Rangers Football Club as the retail and brand director.
“I am delighted to announce Nick Peel as the CEO of Marka. He brings the strategic multi-channel retail, operations, brand and commercial experience to establish Marka as the region’s premier retail and hospitality operator,” said Jamal Al Hai, chairman of Marka.
“Nick is a retail executive with over 20 years of experience, the majority gained in senior management and board level positions at leading retail and sports brands.”
Al Hai added: “His appointment is in line with our strategy of establishing a highly skilled executive team to lead Marka, with proven international retail experience in fashion and hospitality brands. Nick’s expertise and strong leadership will ensure delivery of commercial success for both our customers and shareholders.”
Peel said: “To join the region’s first publically traded retail company is both an honour and privilege. Marka is well placed to create value for both our shareholders and our customers.
“The company will pursue an ambitious growth strategy with a balanced combination of acquisitions, franchise agreements with leading retail brands, and creating unique retail concepts with globally renowned partners, as we aim to be the premier retail operator in the UAE and across the region.”
Marka was the Dubai Financial Market’s first retail focused IPO and will begin trading in September.
For sure has the qualification needed for this position. Let's just hope for the best things to happen, as he will managed the company now.