April 30, 2013
- This association between the two businesses will consolidate Derivision's position as a strong distributor catering to the needs of the retailers.
- The joint venture will enable the two retail power houses Hassan's and Yateem's to capitalise on opportunities of growth in the region with their 130 plus stores through De Rigo brands.
The UAE is an ideal place for global luxury brands to grow their businesses, with the country having the largest luxury market within the Gulf region, according to an industry specialist. In line with the same and supporting the government's vision of promoting UAE as the ultimate destination for high-end luxury shopping; Derivision based in
; a leading eyewear distributor in the
owned by Hassan's Optical Company has announced a joint venture agreement with Yateem Group, at a press conference held on
18th April 2013
at Pavilion Downtown,
The partnership will be headquartered in
and will take Derivision's longstanding relationship with Yateem and Hassan Opticals to a new level of collaboration. The association between the two groups will consolidate Derivision's position as a strong luxury eyewear distributor.
Commenting on this strategic partnership, Mr.
, General Manager, Derivision, said: "
We are pleased to announce our association with
make their resources directly accessible to the Middle East region enabling
to serve the needs of this
ing market in a more focussed and efficient manner with the ai
m of increasing customer experience
and lifestyle brand
The joint venture will enable the two retail power houses Hassan's and Yateem's to capitalise on opportunities of growth in the region with their 130 plus stores through De Rigo brands.