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It has over 200 stores in India and a presence in the Middle East, with stores in the UAE, Qatar, Oman and Kuwait. The company's international expansion aims to cater to the Indian diaspora . In 2014, Warburg Pincus picked up a minority stake in Kalyan Jewellers for ₹ 700 crore and a second tranche of ₹ 500 crore in 2017.
Joy Alukkas is an Indian businessman from Kerala. He is the chairman and managing director of Joyalukkas Group. He is the chairman and managing director of Joyalukkas Group. According to a 2023 Forbes report, he has a net worth of $4.4 billion.
Jos Alukkas is also known for pioneering the concept of "gold supermarkets," which are large-format stores featuring extensive collections of jewellery. Today, the Jos Alukkas Group, chaired by Jos Alukkas and managed by his sons Varghese Alukkas, Paul J. Alukkas, and John Alukkas, operates over 60 large-format jewellery showrooms across India ...
As of 2016, Kuwait has a population of 4.2 million people; 1.3 million are Kuwaitis and 2.9 million are expatriates. [1] Oil reserves were discovered in 1938. From 1946 to 1982, the country underwent large-scale modernization.
Riva Fashion Brand is owned by the Armada retail concept which was founded in Kuwait in 1973 by Al Tahan family. Along with Riva Fashion, Armada Retail Concepts company by Al Tahan Family owns top GCC Womens Fashion brand Choice as well as exclusive franchise dealership rights for wide range of popular fashion brands including NU, Machka ...
The four-decade-long story of Sultan was founded by Jamil Sultan. In 1981, he established the first self-service retail store in Kuwait; it was based in Shuwaikh and took on a Home Center format. [1] Jamil Sultan is regarded as a visionary and pioneer in the business community of Kuwait.
Comprising 70% of the retail trade in Kuwait, the legal basis for consumer cooperatives was established in 1962 with law No. 20.By the start of the 1980s, Kuwait's cooperative movement became open to Arab and international cooperative movements, and the Kuwaiti Union for Cooperative Societies sought membership in the International Cooperative Alliance as of March 1981.
The 1st Avenue district covers a spacious area that includes over 200 stores, restaurants, and cafes and 11 Cinescape movie theatres. It encompasses a home furnishing zone, including international stores, some making their first debut in Kuwait and others launching their stores exclusively in The Avenues.