The retail holding group emailed suppliers to confirm that they would be closing down operations with immediate effect.
Gulf Greetings General Trading LLC, which was a major retail holding group, once cited itself as the exclusive representative of Hallmark Cards for the GCC region. It’s also the owner of The Toy Store, which has major units within locations such as Mall of the Emirates and Dubai Mall. The company had around 35 Hallmark stores and 8 The Toy Store branches across the UAE.
Suppliers received an email, stating: “It is with great regret that unavoidable and unprecedented circumstances have forced Gulf Greetings General Trading LLC to close down operations with immediate effect. Please accept our apologies for the disruption this will inevitably cause, I assure you the effect this has on the Owners, management and the entire Gulf Greetings team is devastating.”
The suppliers affected have commented that they are owed millions of dirhams.
