Bestseller Ventures into the UAE Market with Inaugural Jack&Jones Store in Abu Dhabi
One of the world’s leading fashion distribution groups, known for its extensive portfolio, aims to continue its territorial expansion with announcements of two new store openings.
Bestseller sets foot in the United Arab Emirates for the first time with the opening of its first Jack&Jones store at Al Wahda Mall in Abu Dhabi. It has also announced upcoming openings at Ibn Battuta Mall in Dubai and Zahia Mall in Sharjah.
The company has celebrated the new opening on its social networks, where it has stated that its goal is to bring the brand closer to new customers and expand its presence throughout the country, where it plans to continue to open new stores.
Bestseller has specified that the opening is being carried out together with its partners Line Investments & Property, and with its contractors Al Ameen Group. The company has also insisted that its strategy is to expand the company throughout the Middle East.
Bestseller has announced that it will open new stores in Dubai and Sharjah in the coming months
In early September, Bestseller launched its first brand outside Denmark, Balmohk, which it planned and launched from Spain. The group expects to open 500 Balmohk stores in five years, and has already launched its online platform.
Since the beginning of the year, the group has been focused on increasing its brand portfolio. The company presented its new line called Rouge Edit, within Vila. The company is majority owned by UK-based Topshop and operates the brands Jack&Jones, Mamalicious, Name It, Noisy May, Object Collectors Item, Only, Only & Sons, Pieces, Selected, Vero Moda, Vila Clothes, Y.A.S., JJ Rebel and Balmohk.
In addition, the Danish group renewed its top management this summer with a new CFO, Line Andrea Fandrup, replacing Thomas Børglum Jensen, who was in the position for more than eight years.
Bestseller is one of the fashion retail groups with one of the broadest brand portfolios worldwide. The company began its development in 1975 under Troels Holch Povlsen in Denmark. The Danish company closed the 2022 financial year with a slight increase in sales, but with a fall in its profit before tax. Specifically, the company increased its turnover by 5% to 35,248 million Danish kronor ($3,74 billion).