Thursday, January 31, 2013

Dubai's BinHendi eyes 23% sales rise for 2013


BinHendi Enterprises, which owns regional franchises rights for luxury brands Hugo Boss and Nicole Farhi, expects its business to increase as much as 23 percent this year amid a rise in the number of tourists shopping in Dubai, its president told Arabian Business.

The Dubai-based firm, one of the oldest retailers in the UAE, saw a 15-20 percent increase in its overall business last year as more tourists flocked to the emirate to purchase luxury goods, said Mohi-Din BinHendi.

“Overall we grew 15-20 percent [driven by] an increase in tourists from Russia, China, Saudi and the Middle East. Dubai is seen as a very attractive, desirable destination to come to,” he said.

“We’ll go an extra 5 to 7percent [on top of last year] for 2013,” he added.

http://www.arabianbusiness.com/dubai-s-binhendi-eyes-23-sales-rise-for-2013-487836.html

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