DUBAI – Dubai retailer GMG mentioned on Tuesday it had acquired the United Arab Emirates’ operations of French grocery store chain Géant from an organization owned by Dubai Holding, of Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum.
GMG mentioned it additionally acquired the rights to develop Géant’s operations within the Center East as a part of the deal from City Meals, a grocery and family retail supermarkets and hypermarkets firm.
GMG, which operates pharmacies, vitamin shops, and sports activities tools and attire shops, didn't disclose the worth of the deal, however mentioned the acquisition marks its first entry into meals retailing.
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