UK: Dune steps up international expansion
Luxury footwear and accessories retailer the Dune Group is accelerating its international expansion with the opening of new stores in Libya, Poland and Russia.
The UK company expects international retail sales to reach GBP50m (US$77.5m) over the next three years, earmarking further new markets including the US, Australia and Malta.
In the past few weeks, Dune’s franchise partners have opened new outlets in Tripoli, Libya – the company’s first in northern Africa; in Poland; and a second store in Moscow, Russia.
All are trading above expectations so far, the company said.
The company is poised for further store openings in Poland later this year, in Warsaw and in Lodz.
It will also open another three new stores in Russia: a third in Moscow, and other new outlets in St Petersburg and in Kazan, about 500 miles east of Moscow.
The company is also planning to open a store in Saudi Arabia later this year, its 16th in the Middle East following launches in Dubai, Abu Dhabi, Bahrain, Doha and Jordan.
“Over the past five years Dune has steadily grown its international business,” said Dune executive chairman Daniel Rubin.
“With the recent appointment of Andrew Horton as MD of Dune International there will be acceleration in this growth, both in existing trading territories such as the Middle East, where Dune has established itself as a key player in the region, and new ones such as Libya and Poland.
“There is a real appetite for the company internationally and we see sales from international stores reaching GBP50m over the next three years.”
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