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Byline: The Nation.
Retail is Detail, the first foreign franchisee of Thailand's Index Living Mall, has revealed plans to spend US$40 million to $50 million (Bt1.37 billion to Bt1.71 billion) to open 10 Index Living Mall stores in all the major markets of the Middle East within three to five years.
Last week, the company opened its first 4,645-square-metre Index Living Mall outlet in Dubai Mall, the largest shopping complex in the United Arab Emirates' most populous city. The shop, which cost $5 million, carries more than 3,000 items of home-finishing products, of which 70 per cent are home accessories and the rest furniture.
The store employs 41 staff, including 38 Thais.