Text size:

  • Small
  • Normal
  • Large
Mohi-Din BinHendi, the president and founder of BinHendi Enterprises. Razan Alzayani / The National
Mohi-Din BinHendi, the president and founder of BinHendi Enterprises. Razan Alzayani / The National

Luxury brands dress up BinHendi expansion

Sales at luxury clothing brands managed by BinHendi Enterprises, one of the biggest and oldest retailers in the Emirates, helped the group achieve double-digit growth across the board this year.

BinHendi Enterprises, one of the biggest and oldest retailers in the Emirates, recorded double-digit growth across the board this year.

The group, which is the local partner or franchisee for a number of luxury fashion brands and food and beverage outlets, registered a "healthy" 15 per cent growth on average throughout 2012.

"I am saying that in a very conservative way," said Mohi-Din BinHendi, the president and founder of the group since it was founded in 1973 in Dubai.

"In some places we have hit 20. The malls in Dubai have really helped us. Dubai is really an exciting place. It's attracting a lot of people from all over the world."

BinHendi has a diverse portfolio, which includes Graff jewellers and money transfer company Federal Exchange, but clothing brands have done particularly well this year, he said.

Hugo Boss is the company's biggest clothing brand. But BinHendi also acts as a partner or franchisee for others including Brioni, Zilli and Ermanno Scervino, a luxury Italian label it introduced to the Emirates this year.

"There's something in the pipeline which I cannot say now about because it's not confirmed as yet. It's fashion again. It is well known but they are yet to open their first store in London, which they are doing at the end of 2012," said Mr BinHendi.

The company is also looking to introduce a restaurant to the UAE from outside of the GCC, he added. BinHendi currently operates a range of food and beverage outlets in the UAE, including Japengo Cafe and Second Cup.

The end of 2008 and beginning of 2009 at the start of the slump was "bad," according to Mr BinHendi, but the group posted growth of around five to seven per cent in 2009. In both 2010 and 2011 the company recorded growth of around 10 per cent.

The upward trend is expected to continue next year.

"[Next year] will be a little higher than 2012, definitely. The banks are relaxed. They are lending more money. Real estate has gone up. Rents have gone up," said Mr BinHendi.

"It's an indicator that there is prosperity. Secondly I think it is an indicator that investors have regained their confidence in Dubai."

So does that mean the good times are back?

"Almost," he said.


Back to the top

More articles

Editor's Picks

 The Greens, villas: Q1 no change. 3BR - Dh210-250,000. 4BR - Dh210-260,000. 5BR - Dh220-300,000. Q1 2013-Q1 2014 5% rise. Pawan Singh / The National

In pictures: Where Dubai rents have risen and fallen, Q1 2014

Find out how rental prices in the prime locations in Dubai have altered during the first three months of the year and the current rates you will pay according to data provided by Asteco.

 Above, the private pool of Ocean Heights' five-bedroom penthouse flat. Courtesy Christie’s International Real Estate

In pictures: Penthouse flat is height of Dubai luxury living

A five-bedroom penthouse in Ocean Heights in Dubai Marina is on sale for Dh25 million and comes with a private pool and an unparalleled view of Dubai.

 The cooling towers of the Temelin nuclear power plant near the Tyn nad Vltavou in Czech Republic. The country wants to continue expanding nuclear energy capacity despite cancelling a tender to build two new units. David W Cerny / Reuters

In pictures: Best business images for the week to April 17, 2014

Here are some of the best business images for the week to April 17, 2014.

 A sign points the way to an outdoor market popular with German visitors on the Polish side of the German-Polish border. Sean Gallup / Getty Images

In pictures: A decade since the European Union went east

May 1 will mark 10 years since the European Union expanded east, taking in countries like Poland, the Czech Republic and the Baltic states as new members. And though the border region between Germany and Poland is flourishing with trade and cultural exchange, the open border has also brought a sharp rise in crime.

 The Wind, Energy, Technology and Environment Exhibition takes place from April 14 to April 16. Above, the Dewa showroom during last year’s Wetex. Jaime Puebla / The National

April corporate and economic calendar for the UAE and overseas

From Cityscape to Wetex to stock-market holidays to nations reporting first-quarter GDP figures, here is our helpful calendar of April's business events in the UAE and internationally.

 Get the latest information on credit cards, bank accounts and loan products in the UAE. Mark Lennihan / AP Photo

Rates report: Latest on UAE loans, accounts and credit cards

Souqamal.com brings you the latest interest rates on banking products in the UAE.


To add your event to The National listings, click here

Get the most from The National