Retail sector news mainly focusing shopping centres, retail developments and businesses in the MENA region
Giraffe to open first outlet in Dubai
Jun 27, 2012
Emirates Leisure Retail has signed a franchise agreement with UK-based casual restaurant chain, Giraffe to open its first international outlet in Dubai. "Our brand will shortly be launched internationally with a site in the UAE,ö said Giraffe founder and managing director, Russel Joffe. The company, which currently operates 47 outlets across the UK, has reported earnings before interest, taxes, depreciation, and amortisation of ú4m (Dhs23m) for the year to 25 March, with turnover up 18% from ú34.4m to ú40m.