Chalhoub group wins retailer of the year at the CEO ME award
Chalhoub Group’s Joint CEO Patrick Chalhoub was named Retailer of the year at the 2011 CEO Middle East Awards on Tuesday night.
The CEO Awards recognize and reward outstanding success, innovation and ethics across Middle Eastern Business. The awards honour CEO’s through the appreciation of innovative business, business excellence and overall business success, plus acknowledge publicly the vital contribution made by individuals and their companies to the vibrancy of business across the region.
“Patrick Chalhoub has already had many years of great success under his belt, however, it is in the last year, during the most challenging of economic conditions, that he has really stood head and shoulders above the rest of the region’s retail industry.
The company’s growth plans, in particular its push to open dozens of new stores in the UAE over the next two years, is nothing short of remarkable,” said Walid Akawi, CEO of ITP Publishing Group.
The Chalhoub Group is one of the leading partner for luxury brands in the Middle East. The Group opened around 45 stores in 2010, and launched a new Chalhoub Retail Academy in Jeddah, following a first one in Dubai operating since 2007.
For 2011, the Group forecasts to open over 50 new stores and refurbish 30 existing boutiques.
The Chalhoub Group is the leading partner for luxury across the Middle East since 1955. As an expert in retail, distribution and marketing services based in Dubai, the Group has become a major player in the beauty, fashion and gift sectors regionally.