Fashion retailer the Apparel Group was presented with the Mohammed Bin Rashid Al Maktoum Business Award for Excellence in Re-Export.
The award was presented by the Dubai Chamber of Commerce in recognition of Apparel’s success in business performance and its ongoing contribution to the economic development of the UAE.
Apparel Group recorded growth levels of more than 50 per cent in its re-export business for the year 2007 compared to 2006. The company targets a 100 per cent growth in business with scheduled store openings at Bahrain, Kuwait, Jeddah, Riyadh, as well as plans to expand into new markets in North Africa and Eastern Europe.
Headquartered in Dubai, the Apparel Group has been operating in the UAE since 1996, when it opened its first retail outlet, Nine West.
The company now represents 50 international brands, employs more than 3,500 employees, and has 400 stores across the Gulf, India, Poland, Russia, Singapore, Thailand, Malaysia, Taiwan and Indonesia.
After receiving the award, Chairman and CEO of Apparel Group, Nilesh Ved, praised the unique vision of the UAE’s leaders and its support of entrepreneurial enterprises in Dubai.
He said: “In a journey of just over 10 years we have grown from one store to represent some of the most recognised brands today such as Kenneth Cole, Bally, Tommy Hilfiger, Nine West, Aldo, Mango and La Senza. It is now our mission is to develop our portfolio from 400 stores to 1,000 stores by the end of 2010.”
The award comes a day after Apparel Group was acknowledged at the Retail Middle East Awards as International Retailer of the Year for its brand Kenneth Cole. Apparel is also a winner of the Dubai Quality Appreciation Award, Dubai Human Resource Development Appreciation Award and Superbrands Award.
Apparel wins Mohammed Bin Rashid Business Award