Dubai retail firm Marka has said it has established its new corporate headquarters at Dubai Design District.
The announcement reflects the company’s ongoing growth and expansion, which now sees its complement of employees numbering over 1,000, it said in a statement.
Also known as d3, Dubai Design District has been inaugurated to stimulate creativity and play a key role in realising Dubai’s vision to be an innovation-led economy.
Marka said its new presence there reflects its ambition to lead the region’s retail and hospitality sectors and to accrue new premium brands to its expanding portfolio, which it operates under the three divisions: Marka Fashion, Marka Hospitality and Marka Sports.
“In line with our vision and mission to be the pre-eminent name in the region’s dynamic and evolving retail sector, we have moved Marka’s head office to d3, Dubai’s cutting edge design district, said Khaled Almheiri, vice-chairman and managing director of Marka.
“At its heart, Marka is an innovative retailer that nurtures the international brands it operates, as well as incubates home grown brands. With d3 unveiled to be a purpose-built design district that encourages local talent and home for the region’s creative thinkers, it is a natural community for Marka to both contribute to and participate in.”
Marka last month reaffirmed its target of turning its first net profit next year after announcing a net loss of AED14.7 million ($4 million) for the third quarter of 2015.
The company, billed as the first public joint stock retail operator in the UAE, listed on the Dubai Financial Market (DFM) last September, raising AED500 million.
Marka currently has 39 retail outlets under management and plans to operate 64 outlets during 2016, representing more than 360,000 sq ft of retail space.
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