The chairman and managing director of Korath Group was inspired to experiment with multiple lines of business before settling on retail in the GCC in the mid-1980s, opening department store after department store across the region. Today, Korath Group houses 56 brands of watches, clothes, electronics and luggage.
In 2010, the group announced it would invest AED1bn ($272m) to open 30 more stores in the GCC. In 2015, it brought British brand Hawes & Curtis with the intention of opening 25 to 30 more stores over the next three years with an AED100m ($27.2m) investment. Since then, however, it has only opened one more hypermarket in Abu Dhabi in June 2016.
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