Luxury retailer Etoile Group recently marked its 40th anniversary by setting out plans for strategic growth of doubling revenues over the next five years alongside launching its new brand identity.
An industry innovator which brought the first Chanel boutique to the Arabian Gulf back in 1983, today Etoile Group operates across six Gulf and Levant markets and continues to partner with the best names in luxury fashion including Chanel, Valentino, Etro, Aquazzura, Ralph Lauren, Tod’s, Yamamay, and Hogan, as well as operating its own multi-brand Etoile La Boutique.
As part of its growth plans over the next 24 months Etoile Group aims to broaden its portfolio with launches in new and existing locations including openings of boutiques in Saudi Arabia, Bahrain and Kuwait, as well as the reopening of boutiques in Lebanon. With 60 projects currently in progress or planned, the Group’s ambitions are to double its revenues and employee base within the next five years.
“When we launched Etoile Group 40 years ago, luxury retail in the region was almost unknown – our clients would previously have had to travel to Paris, Milan, New York or London every season. Today, four decades later, the Arabian Gulf is one of the most high-growth and fashion-forward luxury markets in the world. I am proud that the team at Etoile Group has played a role in this evolution. We have done so by building unmatched relationships with our clientele and by investing in lasting partnerships with brands and designers who share our commitment to innovation, and hold a deep reverence of design, artisanship and aesthetics,” stated Ingie Chalhoub, Founder and President of Etoile Group.
