Chalhoub Inc. And Ice-Watch Announce Partnership In The Middle East
Monday, 07 April 2014
Chalhoub Inc., one of the Chalhoub Group companies, expert in retailing, distribution and marketing of luxury brands in the Middle East, has announced today that they will be officially representing ICE-WATCH in the Middle East.
The initial three year agreement is based on the commitment of Chalhoub Inc. to develop Ice-Watch in the United Arab Emirates, Kingdom of Saudi Arabia, Qatar, Oman, Bahrain, Kuwait, Jordan, Egypt, Lebanon, Syria, Iran, Iraq and Yemen.
Chalhoub Inc. will also look for partners in countries not yet open and will provide support to existing partners to develop the brand’s retail network and visibility.
Launched in 2007, Ice-Watch has seen phenomenal success selling over 12 million watches from more than 10,000 points of sale.
Today Ice-Watch enjoys a strong retail position worldwide and is among the leading names in “fashion watches” in the Travel Retail sector.
Due to the brand’s affordable price point, it is now Europe’s leader in the 50 - 99 Euros price point for watches. Ice-Watch is also in the top 20 for watches priced up to 250 Euros.
Ice-Watch’s concept, “Change. You can”, is supported by a strong identity, including bold colours, which allow wearers to alternate their watches to suit their individual look, mood and age. The range of styles can also adapt to the day’s activity, whether that’s work, sports, holidays or parties.
Ice-Watch has already signed cooperation agreements with global leading brands such as Pantone, Swarovski and BMW Motorsport. The license agreement with BMW Motorsport has recently been extended by three years.
Last week, the group behind Ice-Watch announced further growth with the acquisition of PATTON watches, a brand that offers luxury products at an affordable price (USD 1.000 to USD 2.500).
The development plan created by Chalhoub Inc. aims to quadruple the current turnover through retail sales and increased brand awareness.
Co-CEO of Chalhoub group, Patrick Chalhoub comments:“Through this agreement we will support Ice-Watch development and growth in the region while offering our consumers great quality in timekeepers with a trendy, colourful and fashionable look in addition to a strong identity.”
Thierry de Poerck, Managing Director of Ice Group added “We view the Chalhoub Group as the perfect partner to further strengthen our presence in the Middle East and develop the visibility and market penetration of Ice-Watch. Thanks to their in-depth market knowledge, expertise in luxury and central location we are confident in Chalhoub Group’s capabilities to grow Ice-Watch, often referred to as ”affordable luxury.”
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For further information on Chalhoub Group, please visit http://www.chalhoub-group.com/
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Notes to Editors
About Chalhoub Group
The Chalhoub Group is the leading partner for luxury in the Middle East since 1955. As an expert in retail, distribution and marketing services based in Dubai, the group has become a major player in the fashion, beauty and gift sectors regionally.
By blending its expertise in the Middle East with its intimate knowledge of luxury and a keen perception of the markets and consumers, the Chalhoub Group thrives to build successful brands in the region, and offers a unique experience and service to its clients and customers through expert and passionate teams committed to the Group’s values of respect, excellence and entrepreneurial spirit.
With a growing workforce of more than 9,500 people, implemented in 14 countries, as well as the operating of over 550 retail outlets, the group’s success is attributed to its most valued asset of highly skilled and dedicated teams. Professionalism and passion are what fuel the Chalhoub Group’s competitive edge in today’s market.
By being committed to implementing sustainable practices into their business, the Chalhoub Group has been awarded in 2013 the CSR Label from the Dubai Chamber of Commerce.
Established in 2007, the Ice-Watch brand is now sold in over 100 different countries. The brand’s unique design comes in several models and colours, resulting in more than 500 different combinations. Something for every taste, style and situation. To find out more, visit www.ice-watch.com or join us on www.facebook.com/ice.watch, twitter, Instagram and You Tube.
For further information about Ice-Watch please contact
PR Manager: Nathalie Deroanne
Email : email@example.com