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Magrabi Retail Group is ready to considerably increase its Physician M model footprint throughout the Center East with the opening of 36 new shops this 12 months. The retailer, identified for its eyewear choices, goals to satisfy rising client demand and solidify its place as a number one life-style model within the area.
With a deal with main cities within the Gulf Cooperation Council nations and Egypt, Magrabi plans to extend its Physician M retailer depend from 65 to 80 by the tip of 2024. Saudi Arabia, a key marketplace for the model, will account for 50 of those shops. This enlargement is pushed by the model’s success and the corporate’s strategic imaginative and prescient to achieve 300 retailers throughout the MENA area by 2030.
To help this development, Magrabi invested SR115 million in retailer openings, refurbishments, and transformation tasks final 12 months. The corporate believes this funding will lay the inspiration for future enlargement and scalability.
Physician M, launched in 2021, has already made a big impression with over 300 workers throughout the area. The model’s emphasis on inclusivity, high quality eyewear, and celebrating numerous life resonates with a brand new era of shoppers.
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