Tag: Retail
Business Emerging Markets

South African retailers source local clothes, reducing reliance on Chinese imports

North Africa PostComments Off on South African retailers source local clothes, reducing reliance on Chinese imports

With more than half of the textiles sold by South African retailers are imported from abroad, out of which nearly 60% of those imports come from China, local retailers are signing on to a master plan by the government to support local businesses in an effort to bolster the country’s clothing and textile sector. As […]
Business Emerging Markets

KSA: BinDawood takes majority stakes in French company Ykone

North Africa PostComments Off on KSA: BinDawood takes majority stakes in French company Ykone

Saudi Arabian retailer BinDawood Holding has acquired 80.5% stake in Paris-based marketing agency Ykone through its wholly owned subsidiary Future Technology Retail (FTR), Zawya reports. BinDawood Holding in a statement said the transaction is part of the company’s strategy to boost its e-commerce presence. “The Middle East’s influencer marketing industry is growing exponentially. This investment […]