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.
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 is also the man behind the launch of the Tim Hortons restaurant chain, which has taken the Gulf by storm over the last couple of years.
So what’s next? Quite a lot, apparently. In November, Ved signed a deal with a division of LuLu International to open up 40 new stores in Abu Dhabi malls.
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