Home / Knowledge / News / Fashion / Ermenegildo Zegna partners Al Tayer Group in UAE
Ermenegildo Zegna partners Al Tayer Group in UAE
20
Oct '15
As part of its global expansion, Italian luxury menswear label Ermenegildo Zegna has signed a joint venture with the UAE's Al Tayer Group for the operation of its boutiques and other points of sale across the Emirates,a Dubai-based business website has reported.

To celebrate the Al Tayer Group partnership, Ermenegildo Zegna has just opened a flagship 354 metre luxury retail space in Mall of the Emirates and is planning to open another outlet in The Dubai Mall by 2017.

The 105-year-old Italian brand currently operates 525 stores worldwide, of which 298 are directly owned, and has points of sale in department stores such as Harvey Nichols, Bloomingdale's and Galeries Lafayette, but Zegna admits its direct sales in the UAE are small.

UAE retail giant Al Tayer Group, established in 1979, with its headquarters in Dubai, operates over 200 stores across the six Persian Gulf countries and manages a stable of 35 luxury brands, including Alexander McQueen, Boucheron, Bottega Veneta, Dolce & Gabbana, Emilio Pucci, Giorgio Armani and Jimmy Choo. It is also responsible for opening and operating the largest Harvey Nichols department store outside the UK as well as the first Bloomingdale's stores outside the US, with Macy's set to be introduced to the region in Abu Dhabi in 2018.

Al Tayer Group says it s not interested in buying stakes in international fashion brands and is instead focused on developing partnerships with luxury labels and managing their introduction to the Gulf.

Khalid Al Tayer, CEO of the retail business of Al Tayer told the website that the Group is an operator and not an investor in fashion labels. He said they have created a platform to work as operators and would be delighted to work with great partners like Zegna.

Ermenegildo Zegna CEO Gildo Zegna said the joint venture with Al Tayer is part of a long term strategy to go directly to a key market like the Dubai. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: Alibaba

Apparel/Garments | On 21st Feb 2017

Alibaba announces retail partnership with Bailian Group

Chinese e-commerce giant Alibaba Group has made another move in its...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Apparel/Garments | On 21st Feb 2017

Govt may free up retail FDI for domestic goods

Government may remove restrictions on retailers like Walmart and...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search