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Weekly UpdatesSummary: Dubai Airport Free Zone, home to world famous international cosmetic, perfume and fashion designer brands welcomes FOSSILA, the avant garde watch maker and manufacturer of top class fashion accessories from the US.
FOSSILA, which declared fourth-quarter net income of US$46.3 million, or 69 cents a share, in the period ended January 3, recorded fourth-quarter sales of US$464.1 million. International operations of FOSSILA contribute 55 per cent of its revenues. The company has a presence in over 100 countries worldwide and 113 accessory stores around the world.
Dubai Airport Free Zone, home to world famous international cosmetic, perfume and fashion designer brands welcomes FOSSILA, the avant garde watch maker and manufacturer of top class fashion accessories from the US.
FOSSILA, which declared fourth-quarter net income of US$46.3 million, or 69 cents a share, in the period ended January 3, recorded fourth-quarter sales of US$464.1 million. International operations of FOSSILA contribute 55 per cent of its revenues. The company has a presence in over 100 countries worldwide and 113 accessory stores around the world.
"The decision to have a regional office in the Middle East is part of our strategy to come close to the market so it will be more convenient for us to extend sales and marketing support to our dealers and distributors in the region," said Mr. Fouad Massoud, Regional Sales Manager of FOSSILA in the Middle East. "This year we are looking at opening our own stores in the UAE. We had recently opened an office in Athens, Greece and would soon open an office in North Africa."
"FOSSILA, is a welcome addition to Dubai Airport Free Zone's long list of world famous cosmetic, perfume and designer fashion brands that bring prestige to Dubai as the fashion capital of the Gulf," said Ibrahim Ahli, Dubai Airport Free Zone Director of Marketing.
He said the Dubai Airport Free Zone office will support FOSSILA watches distributors Al Futtaim, Time Bridge, Siddiqui and Sons and retailer Rivoli.
Founded in 1984, FOSSILA was the first company to establish an American brand to bring value and style to the watch category transforming the concept of timekeeping from the merely functional to chic and stylish must-haves for the wrist.
Since then FOSSILA, has always been avant-garde, whether in terms of technology, the choice of materials or design FOSSILA offers an extensive line of watches under its proprietary FOSSILA, RELICA, MWA, MW MICHELEA, MOBILEWEARao and ZODIACA brands and, pursuant to license agreements, under some of the most prestigious brands in the world, including ADIDASA, BURBERRYA, CALLAWAY GOLFA, COLUMBIA SPORTSWEARA, DIESELA, DKNYA, EMPORIO ARMANIA, MICHAEL MICHAEL KORSA and MARCA by MARC JACOBS.
"Companies in the Dubai Airport Free Zone enjoy modern facilities and the latest technologies to enable them to pursue their strategic objectives," said Mr. Ahlii. "The Free Zone's state-of-the-art facility adjoining the Dubai International Airport; has offices of Dnata, Dubai Customs, Airlines, Department of Neutralization & Residency and Dubai Chamber of Commerce & Industry." he emphasized.
The online electronic services of the Dubai Airport Free Zone simplifies the procedures and allows customers of the zone to interact for a variety of services from anywhere in the world.
Facilities at Dubai Airport Free Zone include a conference room, lecture hall, and business lounge, 24-hour security services, restaurants, postal services, travel agencies, banks and duty free shop make the Dubai Airport Free Zone a self-contained location for maximum business efficiency.
2009 Al Bawaba (www.albawaba.com)
2009 Al Bawaba (Albawaba.com)
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