Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Saudi Arabian Shares Drop Most in 10 Months After Oil Tumbles
- Sipchem inks $373m loan deal for key project
- Yen Gains on Slowing U.S. Growth Amid Europe Crisis Safety Bets
- Canada Dollar Drops for Fifth Week as Jobs Data Adds to Gloom
- Ringgit seen remaining weak
- Gulf Bank's Alsamerai named 'HR Professional of the Year'
- Middle East Media wins 6-year exclusive advertising contract
- PDO extends Galfar contract
- OIB-HSBC Oman merger 'almost complete'
- Bahrain, India sign tax dealto boost ties
14/12/2011 00:00 AST
Al Meera Consumer Goods Company and French retailer Casino, have signed a strategic partnership to develop a network of hypermarkets and supermarkets under the Geant and Geant Easy banners in selected Middle East countries. This relationship is a major step to make the Al Meera one of the leading retailers within the region. As a first initiative towards this cooperation, Casino, Al Meera (through Al Meera Holding Company WLL) and Retail Arabia have signed a sub-franchise agreement allowing Al Meera Holding (its affiliate and/or group companies) to develop and operate hypermarkets and supermarkets under the Geant and Geant Easy banners in Qatar and Oman. This relationship will help to reinforce the presence of the Geant and Geant Easy banners in GCC countries - where Geant is already a leading retailer with more than 10 stores in operation in the United Arab Emirates, Kuwait and Bahrain.
Casino will provide assistance to Al Meera to open Geant hypermarkets and Geant Easy supermarkets in Qatar and Oman using internationally recognized methods and know-how developed by Casino and its partners and successfully applied in other GCC countries. This collaboration comes after a supply agreement was signed with the Al Meera earlier in 2011 which has granted Al Meera the right to exclusively sell Casino-branded products in Qatar.
Through the sub-franchise arrangement, Al Meera will be able to provide its customers with high quality and competitively priced products offered under the Geant stores'' concept. Casino, the multi-format French retailer group, is one of the world leaders of food trade. Its performance, which has steadily progressed over several years, is based upon an international network of multi-formatted distribution means, including hypermarkets, and e-commerce. This "precision retailing" represents a contemporary alternative to the mass retail industry of the past. With 11,000 outlets and employing close to 250,000 people, Casino is present in close to a dozen countries, and the agreement with Al Meera Holding will give both groups an additional foothold in the region. Retail Arabia is a successful retail player currently operating more than 10 stores under the Geant and Geant Easy banners in the United Arab Emirates, Kuwait and Bahrain.
QNA
22/05/2017
Al Meera Consumer Goods Company's supply chain department has been awarded the ISO 9001:2015 certificate, a first in Qatar's retail sector, by Bureau Veritas Certification Holding SAS UK.
T
Gulf Times
01/05/2017
Qatar-based retail major Al Meera Consumer Goods Company said its sales soared to QR644.1 million ($177 million) in the first quarter compared to QR641 million ($176 million) for the same period last
Trade Arabia
05/03/2017
Qatar-based retail major Al Meera Consumer Goods Company said its group net profit attributable to equity holders of the parent company for the financial year 2016, surged 23 per cent to QR199.2 mill
Trade Arabia
14/09/2024
RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <
Saudi Gazette
12/09/2024
Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces
Arab News
04/05/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia