Baker, deputy chairman and CEO of GMG, said consumer preference has shifted to locally-sourced food items and sustainable food options. The Geant deal follows another high-profile GMG retail acquisition of Royal Sporting House in 2020. GMG, which operates pharmacies, nutrition stores, and sports equipment and apparel stores, did not disclose the value of the deal, but said the acquisition marks its first entry into food retailing. ![]() ![]() In a statement, the Dubai-based global well-being company retailing, distributing and manufacturing a portfolio of leading international and home-grown brands across sport, food and health sectors, said it had acquired the UAE's operations of Geant from Urban Food - a grocery and household retail supermarkets and hypermarkets company owned by Dubai Holding. GMG on Tuesday announced that it made foray into the food retail category with the acquisition of Geant operations in the UAE and exclusive rights to expand the French supermarket chain operations in the Middle East, This will include a total of 18 hypermarket and supermarket locations across the UAE. ( MENAFN- Khaleej Times) GMG did not disclose the value of the deal, but said the acquisition marks its first entry into food retailing GMG is acquiring Geant's current UAE retail footprint from Urban Foods by Dubai Holding.
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