Tag Archives | retail

UK Fashion Group targets Iran

By John Lee. Fashion retailer Quiz Group says it is planning to open further concessions in “Cyprus and the Middle East (such as in Iran) with existing partners and further concessions with new partners in the short term.” The Scottish-based company has successfully completed a £102.7 million placing, and is intending to apply for the admission […]

South Korean Retailer to Open in Iran

By John Lee. BGF Retail, the operator of South Korea’s largest convenience store chain CU, has reportedly signed a franchise deal with an Iranian company. According to Yonhap, the deal with home appliances firm Entekhab Investment Development Group is the first overseas expansion for the Korean company. (Sources: Yonhap, PressTV)

Turkish Retailer Eyes Business Opportunities in Iran

A well-known Turkish retailer has voiced its willingness to find business opportunities in Iran after the termination of anti-Iran sanctions a year after implementation of the nuclear deal between Iran and the world powers. Turkish discount retailer BIM said it is exploring opportunities in Iran for possible opening of stores in the country. The supplier […]

Qatari Retailer to open in Iran

By John Lee. Reuters reports that Qatar-based Abu Issa Holding plans to expand into Iran next year and open stores in Tehran selling watches and confectionery. The family-run is one of the largest retail and luxury goods firms in the Middle East. Ashraf Abu Issa, chairman and chief executive of Abu Issa Holding, told the news […]

Why VR is more Virtual than Reality in Iran

By Zahra Alipour, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. About two years ago, Italian photographer Matteo Lonardi traveled to Tehran as part of a project called “Reframe Iran.” His goal was to portray Iran away from “the news headlines” and “politics” by using […]

‘Battle of the Brands’ as US Franchises Look to Enter

By Holly Dagres, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran sees ‘battle of the brands’ as US franchises look to enter The line was around the block. When the Baskin-Robbins first opened on Valiasr Street in Tehran, you’d have to wait a good […]

French Cosmetics Chain to Open in Iran

The French perfume and cosmetics chain Sephora plans to open several shops in Iran starting next year, according to a report from Reuters. The company, part of luxury industry leader LVMH, is keen to build its presence in Iran where there is a huge appetite for cosmetics and especially make-up. With a population of nearly […]

Video: Shopping Malls Sprout in Iran

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. The traditional bazaar has long been the place to shop in Iran but despite years of sanctions a new generation has discovered a vastly different consumer experience: blatant, unapologetic Western-style consumerism.