Emaar Malls aims to build the regional Asos

An article by Sophie Baqué

Publication

18 March 2019 à 10h49

Updated on 28 March 2023 à 15h02

Reading time

1 minute

Publication: 18 March 2019 à 10h49, Updated on 28 March 2023 à 15h02

Reading time: 1 minute

An article by Sophie Baqué

Publication

18 March 2019 à 10h49

Updated on 28 March 2023 à 15h02

Reading time

1 minute

Publication: 18 March 2019 à 10h49, Updated on 28 March 2023 à 15h02

Reading time: 1 minute

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In a US$130-million deal, the Dubai developer Emaar Malls took full control of the online Namshi fashion retailer, which reported sales of €202 million in 2018, an increase of 16%. The firm bought a 51% stake in 2017. Namshi should help increasing Emaar’s geographical footprint in the U.A.E., Saudi Arabia and Egypt in addition to the Noon.com e-commerce platform (owned by Mohamed Alabbar, Chairman of Emaar Properties). “The fashion online business is highly competitive”, said Emaar’s

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