Tuesday, September 18, 2012
Dubai retailer Paris Gallery plans IPO
DUBAI (Reuters) - Dubai group Paris Gallery, which stocks a $300,000 perfume among its luxury products, is planning an initial public offering it said would provide a "safety net" for the family-owned business and help it expand beyond the Gulf. Photo: Paris GalleryChief executive Mohammed Al-Fahim told the Reuters Retail and Consumer Summit that the firm, which had 2011 turnover of about $1 billion, had held talks with the Dubai Financial Market DFM.DU and sister bourse Nasdaq Dubai about a
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