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Speculations on Dubai retailer eyeing New Look

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Dubai-based retailer Landmark Group is tipped to be a possible contender in a £2-billion run for privately-owned fashion chain New Look. Mahesh “Micky” Jagtiani, owner of Landmark Group, already owns a 3-per-cent stake in the UK-based high street, discount fashion retailer. Formal discussions, though, are yet to take place.

Landmark Group had struck a regional franchise deal with New Look earlier this year to open 40 stores in the United Arab Emirates, Saudi Arabia, Kuwait, Bahrain, Qatar, Oman and Jordan.

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