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Cenomi Retail appoints Deloitte as advisor for Aleph sell-offCenomi Retail, Saudi Arabia’s pioneering retail brand partner, has announced the appointment of Deloitte to manage the forthcoming sale of its Aleph brand. This appointment is a crucial step in the execution of the brand divestment program pr More… |
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44pc UAE retailers hit by cyberattacks in 2023, losing $3mBusinesses in the UAE on average encountered losses of approximately AED11 million ($3.08 million) as 44% of businesses experienced cyberattacks, or data breaches last year, marking a 39% increase. This is according to Adyen, the global financial technology pl More… |
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Fortis secures $20m in Series A funding roundDubai-based Fortis, a retail tech and fintech solutions provider tailored for SMEs, has announced the successful completion of Series A funding round, raising $20 million in investment led by Opportunity Venture (Asia). This funding marks a significant m More… |
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Walmart chooses Swisslog ASRS powered by SynQ softwareSwisslog has announced that Walmart will install a Swisslog automation solution within its Robinson, TX, facility to enable seamless material flow and increase uptime. Walmart is planning to break ground on the milk processing facility later this year with the facility scheduled to open in 20 More… |
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Cegid to launch its Point of Delivery to serve Middle East marketCegid, a European leader in cloud management solutions for professionals in the Finance, Human Resources, Accountancy, Retail and Entrepreneurship sectors, is to launch a new Point of Delivery (PoD) in Dubai. Cegid is strategically extending its global footpri More… |
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Spinneys to launch IPO; offers 25% of firm's shareSpinneys 1961 Holding, an operator of premium grocery retail supermarkets under the Spinneys, Waitrose and Al Fair brands has announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the DFM in Dubai. More… |
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‘AI will drive hyper personalisation’ in luxury retail sectorGenerative AI (GenAI) and other AI tools will transform retail over the next 12 months, according to ‘Retail Reimagined: Creating luxury customer experiences using data-driven insights’, a new report launched by Deloitte Global. With 52% More… |
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Gold prices hit record highs on FridayGold prices soared to a historic peak on Friday, with spot gold climbing 0.5% to $2,384.34 per ounce as of 0345 GMT, Reuters reported. Bullion hit a record high 2,395.29 earlier in the session. US gold futures also gained 1.2% to $2,401.80. More… |
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Celebrity beauty brands net over $1bn earnings in 2023, says reportCelebrity beauty brands have collectively netted more than $1billion in sales in 2023 with Rihanna's Fenty Beauty topping the list followed by Priyanka Chopra Jonas’s hair care brand Anomaly and Kylie Jenner's cosmetics brand, according to Upbeat Agency. New data reveals More… |
