The Nation:

Retail is Detail, the first foreign franchisee of Thailand’s Index Living Mall, has revealed plans to spend US$40 million to $50 million (Bt1.37 billion to Bt1.71 billion) to open 10 Index Living Mall stores in all the major markets of the Middle East within three to five years.

Last week, the company opened its first 4,645-square-metre Index Living Mall outlet in Dubai Mall, the largest shopping complex in the United Arab Emirates’ most populous city. The shop, which cost $5 million, carries more than 3,000 items of home-finishing products, of which 70 per cent are home accessories and the rest furniture.

The store employs 41 staff, including 38 Thais.

Index Living Mall is Thailand’s largest home-retail chain, with 17 stores and combined retail space of 186,000 square metres.

Retail is Detail director Sanveer Gill said his company was confident the flagship Index Living Mall outlet in Dubai would break even within a year.

He said the company planned to open 10 Index Living Mall stores in many high-potential Middle East markets, including Abu Dhabi, Qatar, Bahrain and Saudi Arabia. Retail is Detail’s parent company, Gill Capital, is also planning to open Index Living Mall outlets in Singapore and Malaysia.

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