Stores to Cover 22 Per Cent of Retail Destination's Gross Leasing Area

Dubai-UAE: 04 April, 2012 - Landmark Group, the region's leading retail and hospitality conglomerate, today opened nine stores across a total of 79,523 sq. feet of leased space at the Fujairah City Centre as part of its strategic plan to expand its retail footprint.

One of the first shopping, leisure and entertainment destinations in the Emirate, Fujairah City Centre opened on 4 April 2012. Landmark Group's brands such as Centrepoint (Babyshop, Splash, Shoe Mart, Lifestyle and Beautybay) Max, Emax, New Look, Koton, Carpisa, Steve Madden, and Candelite cover close to 22 per cent of the retail destination's total gross leasable area (GLA).

Vipen Sethi, CEO, Landmark Group, said: "The Landmark Group and Majid Al Futtaim share a long-standing and fruitful relationship that dates back to many years and expands across the UAE and wider GCC region. We are excited to open some of our key retail stores at the Fujairah City Centre. Our brands will contribute to 22 per cent of the mall area, strengthening our portfolio of outlets in the emirate.

"We are confident that our retail offering will match the expectations of customers. The prospects of retailing in Fujairah are promising. The increasing residential and tourism developments within the emirate will contribute to its growth making Fujairah City Centre one of the key shopping destinations for the Northern Emirates."

Landmark Group pursues a structured expansion and diversification strategy. During the 90s, its geographical reach extended into the entire GCC region. In 1990, the Group forayed into the Indian retail industry with the Lifestyle department stores. Over the last decade, the Landmark Group has expanded its footprint in the Middle East and North Africa (MENA) region with its entry into Egypt, Turkey and Lebanon. It has also built a presence in Jordan, Yemen, Sudan and Pakistan. The Group additionally ventured into Kenya in September 2011 and Nigeria & Libya in February 2012.

Fujairah City Centre is set to host over 105 value and mid-market brands with 85 per cent of the brands marking their entry into Fujairah through the mall. Located at the intersection of the new Fujairah-Dubai highway and the Masafi Highway, it is developed jointly by the Majid Al Futtaim Group and the government owned Fujairah Investment Establishment at an estimated cost of AED400 million.

About Landmark Group
Founded in 1973 in Bahrain, the Landmark Group has successfully grown into one of the largest and most successful retail organizations in the Middle East and India. An international, diversified retail and hospitality conglomerate that encourages entrepreneurship to consistently deliver exceptional value, the Group operates over 1200 outlets encompassing over 18 million square feet across the GCC, India, Egypt, Turkey, Jordan, Lebanon, Yemen, Sudan, Kenya, Nigeria, Libya and Pakistan.

Landmark Group has a strong workforce of 40,000 employees and provides a value-driven product range for the family through its retail concepts: Centrepoint, Babyshop, Splash, Shoe Mart, Lifestyle, Beautybay, Iconic, Emax, Home Centre, Q Home Décor, Candelite, Max, and Shoexpress. In addition to the brands developed in-house, the Group also holds the franchise rights for some of the world's leading fashion and footwear brands in the countries where it operates.

The Group has also diversified in the leisure, food and hospitality segments with Fun City, Spaces, Citymax Hotels, Fitness First, Balance Wellbeing 360 and Foodmark, the restaurant division, which operates the Group's own and franchise food outlets.

For more information please visit, www.landmarkgroupme.com

Landmark Group
Bhuvana Acharya
Direct: +9714 8094131
Switchboard: +9714 809 4000
Mobile: +97150 7085912
Fax: +9714 809 4321
Email: bhuvana.acharya@cplmg.com 

© Press Release 2012