Luxury
Dubai’s Alabbar Expands Online Foray With Yoox Net-a-Porter Deal
Dubai-based business-tycoon Mohamed Alabbar formed a 130 million euro ($138 million) joint venture with Milan-based online retailer Yoox Net-a-Porter to profit from luxury spending in the Middle East. The venture will be owned by Alabbar’s Symphony Investments, which will hold 40 percent, and Yoox Net-a-Porter, Alabbar said at a press…
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