A UAE-based wholesaler and retailer of luxury fashion brands is eyeing acquisition opportunities and joint ventures in Iraq.
Tony Jashanmal (pictured), Group Director of Jashanmal National Company, said:
“Yes, we are looking for acquisitions, and we have let the word out that we are indeed looking for joint ventures and acquisitions … We’re targeting the Middle East, primarily the GCC countries, India, and other Arab countries such as Jordan, Syria and Iraq [for expansion].”
The Jashanmal Group was founded in 1919 with a single general store in Basra.
(Source: AME Info)