Retail Turkey opens inquiry into Coca-Cola distributor Turkey has opened a formal investigation into Coca-Cola Satış ve Dağıtım AŞ (CCSD) over potential violations of competition law. The move follows a preliminary inquiry that examined allegations the Coca-Cola distributor was imposing exclusivity on retailers and excluding competitors from these outlets, the Turkish Competition Authority said in a statement. The competition board found the allegations […] June 11, 2025
Retail Dubai gold sales rise 10% during Eid al-Adha Gold sales in Dubai reportedly registered double-digit growth during Eid al-Adha, defying a rise in global prices. Sales of the precious metal rose by 10 percent year on year during the Eid holiday period, driven by strong demand from locals and tourists, Tawhid Abdullah, chairman of the Dubai Gold and Jewellery Group, told Al Bayan, […] June 9, 2025
Retail France’s Casino Group to open 210 stores in Morocco French convenience store retailer Casino Group will open 210 stores in Morocco over the next decade as part of its international expansion strategy. The company has partnered with Morocco’s H&S Invest Holding to open Franprix and Monoprix branded outlets, the companies said in a joint statement. Franprix specialises in urban convenience stores, while Monoprix provides […] May 28, 2025
Retail Investcorp nets fourfold gain on exit from India’s Citykart Bahrain-based asset manager Investcorp has reportedly sold its entire stake in Citykart, an Indian fashion retailer, making a fourfold return on its 2019 investment. The stake sale was part of the startup’s series B funding round, which saw Citykart raise INR5.4 billion ($63 million), local media reported. Investcorp acquired the stake from the asset management […] May 27, 2025
Retail Kuwaiti rapid-delivery app raises £6m for expansion Kuwaiti quick-commerce platform Circle has raised $6 million to fund local and regional expansion, it has announced. Founded in 2020, the Circle app offers deliveries of groceries and other essentials from “dark stores” across Kuwait. It aims for delivery in less than 20 minutes. The company says it has grown its revenue sevenfold in just […] May 26, 2025
Retail Lulu profit and revenue up as online sales grow by quarter Net profit of Lulu Retail, the largest grocery retailer in the GCC, increased in the first quarter of 2025, supported by higher online sales. Net profit grew 16 percent year on year to $70 million, with net profit margin rising to 3 percent, up 25 basis points annually, the retailer said in a statement published […] May 14, 2025
