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)