Max, a value fashion brand in the Middle East and India, has marked yet another milestone with the opening of its 200th store, showcasing its collection of men's, women's and children's fashion, home, footwear and accessories. This is a great achievement for the homegrown UAE brand, which launched its first store in May 2004 and has since managed to establish a strong presence in the Middle East, India and Africa.
Max's offering of great value and in-house designed fashion merchandise, manufactured to stringent quality standards has enabled the brand to establish itself as a leading value fashion brand in the Middle East and India. This growth and expansion highlights Max's commitment to the Middle East and India delivering the brand promise of 'More Fashion, More Value.'
"We are happy to achieve the 200th store milestone," said Ramanathan Hariharan, CEO, Max. Max is part of Landmark Group, one of the largest retail conglomerates in the Middle East and India. It currently operates in the UAE, Saudi Arabia, Kuwait, Oman, Jordan, Qatar, Bahrain, Turkey, Egypt, Sudan, Yemen, Lebanon, Nigeria, Libya and India.
Max Fashions opens 200th store
Max Fashions opens 200th store
No Saudi acquisition offers: FC Barcelona tells Al-Eqtisadiah
CAIRO: FC Barcelona has not received any offers, whether from Saudi Arabia or elsewhere, to acquire the club, according to an official source who spoke to Al-Eqtisadiah.
According to the source, the circulating news regarding the possibility of finalizing a deal to acquire the club in the coming period is a mere rumor.
Recent Spanish reports had indicated the possibility of a Saudi acquisition of Barcelona shares for around €10 billion ($11.7 billion), a move considered capable of saving the club from its financial crises if it were to happen, especially as it suffers from debts estimated at around €2.5 billion.
Sale not in management’s hands
Joan Gaspart, the former president of the club, confirmed that the current board of directors, chaired by Joan Laporta, does not have the right to dispose of the club’s ownership.
He added: “FC Barcelona is owned by about 150,000 members, and selling the club is something the owners will not accept. FC Barcelona possesses something no other club in the world has; money is very important, and so is passion, but the sentiment of the members today is to continue what the club has been for 125 years.”
High market value
Despite the financial crisis the club has been going through in recent years, FC Barcelona ranks sixth on the list of the world’s highest market value clubs, with an estimated value of €1.12 billion, according to Transfermarkt. Meanwhile, its rival Real Madrid tops the list with a market value of €1.38 billion.
