Landmark plans 50 new stores in the UAE
Landmark Group has unveiled plans to open 50 new stores in the next 18 months in the UAE, Khaleej Times has reported. Of this, more than 25 will be operational before the end of 2014, group chief executive officer Vipen Sethi said. New stores by end of 2015 will increase the group’s retail presence to more than 550 and total retail area to almost eight million sq ft. Sethi declined to disclose the total investment on the new stores, but emphasised that it’s a significant investment. “We have more than enough cash for our expansion plan,” Sethi told the daily.