Latest news with #GaleriesLafayette
Arabian Post
3 days ago
- Business
- Arabian Post
Dubai Mall Unveils Ambitious Expansion Amidst Soaring Visitor Numbers
Dubai Mall is set to undergo a significant expansion, with Emaar Properties announcing a substantial investment of AED 1.5 billion to enhance the mall's offerings. The development will introduce 240 new luxury retail stores and food and beverage outlets, further solidifying the mall's position as a premier global shopping destination. In 2023, Dubai Mall achieved a remarkable milestone by welcoming 105 million visitors, marking a 19% increase from the previous year. This surge in footfall underscores the mall's growing appeal and the emirate's broader strategy to boost tourism and retail sectors. The expansion aims to accommodate this increasing demand and enhance the overall visitor experience. Spanning over 1.2 million square meters, Dubai Mall currently houses more than 1,200 retail outlets, including flagship stores like Galeries Lafayette and Bloomingdale's. The mall also offers over 200 international dining options and a range of entertainment attractions, such as the Dubai Aquarium and Underwater Zoo, an Olympic-sized ice rink, a 26-screen cinema, and the Zabeel Sports District. The upcoming expansion will build upon these offerings, introducing new luxury brands and dining experiences to cater to diverse visitor preferences. ADVERTISEMENT Emaar Properties has already commenced on-site preparations for the expansion, although a specific completion date has not been disclosed. The project reflects Dubai's ambitious vision to remain at the forefront of global innovation and culture, aiming to further enhance the city's status as a top international destination. The expansion also aligns with broader trends in the United Arab Emirates' retail sector. Despite global shifts towards online shopping, the UAE has witnessed a 14% increase in retail spending, driven by sectors such as fashion, general retail, and leisure and entertainment. This growth highlights the continued relevance and appeal of brick-and-mortar retail experiences in the region. In addition to the Dubai Mall expansion, other major retail developments are underway in the city. For instance, Majid Al Futtaim has announced a $1.36 billion investment to expand the Mall of the Emirates, another prominent shopping destination in Dubai. These initiatives underscore the city's commitment to enhancing its retail infrastructure and offering unparalleled shopping experiences to residents and tourists alike.
Khaleej Times
29-05-2025
- Business
- Khaleej Times
Le Gourmet at Galeries Lafayette unveils new business lunch offering
Le Gourmet at Galeries Lafayette, situated in the heart of Dubai Mall, has announced the launch of its new Business Lunch menu, catering specifically to professionals looking for quality dining within their busy work schedules. Available from Monday to Friday between 12:00 PM and 4:00 PM, this curated lunch experience features a three-course menu by the establishment's acclaimed chefs. The menu includes an international selection of dishes, reflecting the culinary diversity for which Le Gourmet is renowned. Starters include popular choices such as Dynamite Shrimp, Chicken Tikka Chaat, and Crispy Cauliflower. The main courses feature dishes like Smoked Salmon & Avocado Tartine, Chicken Escalope accompanied by fresh salad and fries, and Lamb Biryani with aromatic rice. Diners can conclude their meal with carefully prepared desserts, including Chocolate Mousse, traditional Tiramisu, or Assorted Mini Pastries. Priced at Dh80 per person, the business lunch also includes a beverage selection comprising soft drinks and iced teas. Guests may choose to add premium coffee options such as Americano, Espresso, Cappuccino, or Latte Flat White for an additional Dh10. The new lunch menu aims to provide Dubai's professionals with a refined, yet convenient dining option ideal for business meetings or a brief respite from the working day. Le Gourmet at Galeries Lafayette remains a prominent dining destination in Dubai, consistently offering a high-caliber culinary experience.
Fashion Network
09-05-2025
- Business
- Fashion Network
Antony Morato grows 2% in 2024, plans new openings in Italy, Spain, Latin America, Egypt
Italian menswear brand Antony Morato recorded revenue of €78.2 million in fiscal 2024, up 2%. The positive trend was confirmed in Q1 2025, which closed with a 1.5% revenue rise. In 2024, the brand's direct retail sales grew 2%, thanks also to the opening of seven new monobrand stores: one in Italy, five elsewhere in Europe, and one in Colombia. Revenue growth in the wholesale channel was 1%, driven by new collaborations with Galeries Lafayette and other distribution partners in Serbia, Croatia, and northern Germany. Antony Morato now has a presence in 110 Peek & Cloppenburg stores. The direct and indirect e-tail channel recorded the highest growth for Antony Morato in 2024, posting a 50% revenue rise thanks also to a new strategic partnership with Zalando. Boosted by these positive results, and despite a challenging business environment, Antony Morato is continuing to push for retail expansion. A new store will open in June in Barcelona, on the Portal de l'Àngel pedestrian street, kickstarting the brand's expansion drive in Spain, while two new openings are planned in Italy, in the Campania shopping mall in Marcianise, and the Fiordaliso shopping mall in Milan. New distribution partnerships are on the cards in Latin America, where the brand already has a strong presence in the Caribbean and Colombia. In Africa, where Antony Morato is enjoying positive results in South Africa, Libya, Morocco, and Algeria, the brand is finalising a strategic agreement to enter Egypt, where it plans to open seven monobrand stores in the next five years. Finally, it's also working on entering the travel retail channel.
Fashion Network
09-05-2025
- Business
- Fashion Network
Antony Morato grows 2% in 2024, plans new openings in Italy, Spain, Latin America, Egypt
Italian menswear brand Antony Morato recorded revenue of €78.2 million in fiscal 2024, up 2%. The positive trend was confirmed in Q1 2025, which closed with a 1.5% revenue rise. In 2024, the brand's direct retail sales grew 2%, thanks also to the opening of seven new monobrand stores: one in Italy, five elsewhere in Europe, and one in Colombia. Revenue growth in the wholesale channel was 1%, driven by new collaborations with Galeries Lafayette and other distribution partners in Serbia, Croatia, and northern Germany. Antony Morato now has a presence in 110 Peek & Cloppenburg stores. The direct and indirect e-tail channel recorded the highest growth for Antony Morato in 2024, posting a 50% revenue rise thanks also to a new strategic partnership with Zalando. Boosted by these positive results, and despite a challenging business environment, Antony Morato is continuing to push for retail expansion. A new store will open in June in Barcelona, on the Portal de l'Àngel pedestrian street, kickstarting the brand's expansion drive in Spain, while two new openings are planned in Italy, in the Campania shopping mall in Marcianise, and the Fiordaliso shopping mall in Milan. New distribution partnerships are on the cards in Latin America, where the brand already has a strong presence in the Caribbean and Colombia. In Africa, where Antony Morato is enjoying positive results in South Africa, Libya, Morocco, and Algeria, the brand is finalising a strategic agreement to enter Egypt, where it plans to open seven monobrand stores in the next five years. Finally, it's also working on entering the travel retail channel.
Fashion Network
09-05-2025
- Business
- Fashion Network
Antony Morato grows 2% in 2024, plans new openings in Italy, Spain, Latin America, Egypt
Italian menswear brand Antony Morato recorded revenue of €78.2 million in fiscal 2024, up 2%. The positive trend was confirmed in Q1 2025, which closed with a 1.5% revenue rise. In 2024, the brand's direct retail sales grew 2%, thanks also to the opening of seven new monobrand stores: one in Italy, five elsewhere in Europe, and one in Colombia. Revenue growth in the wholesale channel was 1%, driven by new collaborations with Galeries Lafayette and other distribution partners in Serbia, Croatia, and northern Germany. Antony Morato now has a presence in 110 Peek & Cloppenburg stores. The direct and indirect e-tail channel recorded the highest growth for Antony Morato in 2024, posting a 50% revenue rise thanks also to a new strategic partnership with Zalando. Boosted by these positive results, and despite a challenging business environment, Antony Morato is continuing to push for retail expansion. A new store will open in June in Barcelona, on the Portal de l'Àngel pedestrian street, kickstarting the brand's expansion drive in Spain, while two new openings are planned in Italy, in the Campania shopping mall in Marcianise, and the Fiordaliso shopping mall in Milan. New distribution partnerships are on the cards in Latin America, where the brand already has a strong presence in the Caribbean and Colombia. In Africa, where Antony Morato is enjoying positive results in South Africa, Libya, Morocco, and Algeria, the brand is finalising a strategic agreement to enter Egypt, where it plans to open seven monobrand stores in the next five years. Finally, it's also working on entering the travel retail channel.
