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Hidesign eyes Middle East expansion
CHENNAI:
Hidesign is increasing its retail footprint in the Middle East. According to a release, the company has signed a joint venture with Dubai-based retail major, Jashanmal National Company. Hidesign will have a stake of 49 per cent in the proposed joint venture and will contribute to the entity in form of its vast range of products and brand name. Jashanmal National Company on its part will utilise its extensive network and expertise in marketing the Hidesign products in the Middle East. Under the new set up, Hidesign itends to open two exclusive stores in the region.
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