December 09, 2016 12:46 AM ET

Industrial Conglomerates

Company Overview of Al-Futtaim Private Company LLC

Company Overview

Al-Futtaim Private Company LLC, through its subsidiaries, owns and operates commerce, industry, and services businesses. It distributes, through a network of showrooms, passenger and commercial vehicles representing Toyota, Lexus, Hino, Honda, Volvo, Chrysler, Jeep, and Dodge brand names, as well as offers construction equipment, and used car sale, rental, and leasing services. The company distributes Panasonic, Toshiba, Sanyo, and AFTRON products that are offered through a network of resellers, mass merchandisers, channel partners, and retail outlets of branded stand-alone stores. It provides solutions to the building and construction industry in the U.A.E. and lower Gulf region. Additional...

Al Futtaim Building

Al Rigga Street

Deira

Dubai,  

United Arab Emirates

Founded in 1955

Phone:

971 4 706 2222

Fax:

971 4 706 2139

Key Executives for Al-Futtaim Private Company LLC

Vice Chairman and Chief Executive Officer
Chief Financial Officer
President of Automotive
President of Retail
President of Orient
Compensation as of Fiscal Year 2016.

Al-Futtaim Private Company LLC Key Developments

Al-Futtaim to Close 10 or More Stores in Singapore

Al-Futtaim group will continue to close stores in Singapore, but expand its footprint elsewhere in promising Asian markets. The group, which owns Robinsons, will shutter at least ten stores this year as it restructures its bleeding Singapore operations. This comes after it announced a number of closures last year, including its Marks & Spencer (M&S) outlet at Centrepoint, John Little at Marina Square and Tiong Bahru Plaza, along with several other Royal Sporting House (RSH) outlets.

Al Futtaim Group to Build Logistics and Distribution Centre in Saudi Arabia's King Abdullah Economic City

Al Futtaim Group will build a logistics and distribution centre in Saudi Arabia's King Abdullah Economic City (KAEC) megaproject as part of the Dubai conglomerate's aggressive expansion in the kingdom. The company announced that it had signed an agreement to buy a 325,400 square metre plot of land in KAEC's Industrial Valley.

Al-Futtaim to Close Three Singapore Stores

Al-Futtaim announced that it will close two John Little stores and a Marks and Spencer outlet in Singapore in the coming months. The closures were part of a consolidation plan and that none of the employees in the stores would be laid off, and will instead be redeployed to other stores or roles within the conglomerate. It's not just a cost cutting exercise for the company.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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