Gulf Marketing Group (GMG) has acquired Royal Sporting House (RSH) to strengthen its presence in Southeast Asia’s sports retail market.
What happened
Gulf Marketing Group (GMG) has acquired Royal Sporting House (RSH) from Al-Futtaim Group to strengthen its presence in Southeast Asia’s sports retail market.
Why it matters
By acquiring one of the largest multi-brand sports retailers in the region, the UAE-based group will expand its reach to new markets, including Indonesia, Malaysia, and Singapore, with more than 700 million customers globally.
“This expansion is a strategic step in taking our business and vision global,” said Mohammad A Baker, deputy chairman and CEO of GMG.
“Despite the significant disruptions to the global retail industry, the strength and resilience of GMG’s business strategy enabled us to overcome these challenges and double down on our expansion plans. At our core, we are a growth business with long-term global ambitions.”
This news brief is based on reporting published by Inside Retail Asia on 2020-12-17. The original report is linked below.
Inside Retail Asia
https://insideretail.asia/2020/12/17/uae-group-gulf-marketing-buys-royal-sporting-house/This independent news brief is based on the public source identified above. It is an original summary or translation, not a reproduction of the source article. Rights in source text, research, trademarks and images remain with their respective owners; images are used under the licence or permission identified in the credit. Rights holders may contact rights@goodproductasia.com with evidence of ownership. Verified concerns will be corrected, replaced or removed promptly. This report is not investment, legal, medical or purchasing advice.
