Home » Investment in Middle East »

|| Opening in Dubai instead of Los Angeles

"I haven't opened a store in Los Angeles. How am I going to open clear across the globe?"

That was the reaction of founder of Chocolate Bar, a New York eatery and candy store, when a Dubai-based investor asked her to expand to the Middle East.

These days you hear in the news about big companies expanding to the Middle East, but the detailed Wall Street Journal story of Chocolate Bar, a $2 million annual revenue company, confirms that amid today's shaky US economy, even small businesses prefer to expand right across the globe. "When she opened Chocolate Bar her plan was to eventually open stores in Chicago, Miami and Los Angeles, but six years later, she ended up expanding to a more distant - and unexpected - place: the Middle East", writes the Journal.

A great story on why and how to expand to the Middle East.

Previous Post: Dubai Listed Company Acquiring an Engineering Services Firm
Next Post: KKR Enters the Middle East - with Lehman MD as First Hire

More from Investment in Middle East ...

  JPM, London fund invest $20 million in Dubai e-commerce firm

  Souq.com merges private shopping portal Sukar.com in its operations

  UAE early stage investor Saffar Holding to exit its investment in Zawya

  How to sell your Middle Eastern media firm - 7 lessons from Flip Media acquisition

  Publicis Groupe acquired Dubai-based digital agency Flip Media

  Carlyle Group acquires 42% stake in Domino's Pizza MENA master franchise

  Middle East e-commerce website MarkaVIP raised $5 million

  Jabbar acquired remaining stake in Cobone.com from GBG to become the sole owner

  Naspers acquired stake in Dubai-based classified website

  Intel Acquires Egypt-based SySDSoft

|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

Copyright 2007-2024 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   LinkedIn    Twitter

Powered by Insightice