“The Dubai Hills Mall hypermarket is a very recent location that opened in Dubai,” according to GMG spokesperson said. This will include a total of 18 hypermarket and supermarket locations across the UAE, with the new openings featuring some of Groupe Casino's other brands such as Franprix and Monoprix, to which GMG will also have exclusive rights to expand,” according to the GMG statement. “GMG is acquiring Geant's current UAE retail footprint from Urban Foods by Dubai Holding. Geant is a part of Groupe Casino, a French retailing giant with a turnover in excess of €35 billion. Moreover, he said the diverse portfolio of Groupe Casino's supermarket brands will allow“us to cater to all categories of consumers”, from the price-conscious to those desiring more premium and specialty products. Baker, deputy chairman and CEO of GMG, said. In doing so, we are able to cover the entire consumer journey from food manufacturing and dis-tributing to retail,” Mohammad A. “This acquisition is a milestone in our history as we venture into the food retail category.

Baker, deputy chairman and CEO of GMG, said consumer preference has shifted to locally-sourced food items and sustainable food options.

The Geant deal follows another high-profile GMG retail acquisition of Royal Sporting House in 2020. GMG, which operates pharmacies, nutrition stores, and sports equipment and apparel stores, did not disclose the value of the deal, but said the acquisition marks its first entry into food retailing. In a statement, the Dubai-based global well-being company retailing, distributing and manufacturing a portfolio of leading international and home-grown brands across sport, food and health sectors, said it had acquired the UAE's operations of Geant from Urban Food - a grocery and household retail supermarkets and hypermarkets company owned by Dubai Holding. GMG on Tuesday announced that it made foray into the food retail category with the acquisition of Geant operations in the UAE and exclusive rights to expand the French supermarket chain operations in the Middle East, This will include a total of 18 hypermarket and supermarket locations across the UAE. ( MENAFN- Khaleej Times) GMG did not disclose the value of the deal, but said the acquisition marks its first entry into food retailing GMG is acquiring Geant's current UAE retail footprint from Urban Foods by Dubai Holding.

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