(MENAFN) BinHendi Enterprises' president, Mohi-Din BinHendi, stated that the Dubai-based retailer plans to increase its sales in 2013 by 23 percent, reported Arabian Business.
BinHendi said that in 2012, the company's business grew between 15-20 percent, driven by larger number of tourists who came to Dubai.
He noted that the company, which owns regional franchises rights for luxury brands Hugo Boss and Nicole Farhi, plans to expand its women and children's fashion ranges and its food and beverage unit.
Furthermore, it plans to finance its expansion and refurbish existing stores through entering the debt market.
It is worth noting that BinHindi, which founded 7Franchise Group in 2012 to sell local food and beverage concepts to investors across the GCC and the Middle East, has over 50 brands in its franchise portfolio.