Talk Points: Invitation to the Entrepreneurship Panel

The seeds of entrepreneurship are deep routed in my family. I believe there are two paths in life – the easy way and hard way. All you have to do is know which way is the hard way and know that it is the right way.

Dubai has achieved a status of being a platform for establishing projects & businesses on a regional & international level. Any small business is integral to the economy. Without it, economy would not survive. But a business must also sustain itself, be able to constantly evolve to fulfill the demands of the community and the people. In every business, it is imperative to be industrious, innovative and resourceful.

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Quote for Alpen Capital’s GCC Retail Report

We are very optimistic on the GCC Retail Industry and despite some slowdown presently, we remain very positive for the future. As a matter of fact, we are investing huge in the infrastructure, acquiring new brands, building our digital platform, transforming our supply chain and so on.

Overall, the retail sector seems to be going through a metamorphosis. E-commerce remains the number one area of opportunity for the retailers in the GCC. Prestigious projects by reputed landlords and efforts from the Government to attract tourists will continue to fuel growth in the industry. Rentals will need to be corrected to justify the business case and keep the cost of doing business under check as margins continue to be under pressure due to e-commerce and globalization.

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NV Q N A

Leadership – How would you define it?

I think leadership comes from integrity – that you do whatever you ask others to do. I think there are non-obvious ways to lead. Just by providing a good example as a parent, a friend, a neighbor makes it possible for other people to see better ways to do things. Leadership does not need to be a dramatic, fist in the air and trumpets blaring, activity.

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Speech

I am honored to be with you today at Jumeirah College talking to the young generation who will be leaders in the coming years. I remember the day when I graduated from college. All I had was a dream, a dream to bring the world best fashion brands from the west into the Middle East Market.

Every journey has to start somewhere. Mine started from right here, it does not matter where you begin, what matters is where you end up. In my desire of becoming the number 1 global retailer, I knew I had to cross all barriers and create fresh benchmarks in this region for the retail industry. Everyone can be successful; thankfully success is not a copyright.

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GCC Retail Industry

What is your outlook on the GCC Retail Industry?

In the last year we have seen tremendous change in the retail industry. The customer demographic has changed for some of our brands while other brands have seen a change in the shopping style of customers. E-commerce too is stronger than it has ever been. Overall, the retail sector seems to be going through a metamorphosis. The region is seeing an influx of the style seeking shopper who is lured into the store due to the red sale banners, but who also buys merchandise from the current season.

12016 saw many small and medium retailers consolidating and we see this continuing through 2017. These slots are being filled by professionally run retailers who are setting new benchmarks for the industry. In the long run, this will help make the retail sector become even more organized and efficient.

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INTRODUCTION & ICE BREAKER

Who you are and what is your business?

I am Nilesh Ved; the Chairman of Apparel Group – a global fashion and lifestyle retail conglomerate based in Dubai.

From one store in 1999 to the opening 1750+ stores this year, Apparel has amassed its resources to become a successful retail company in the GCC Region. We operate brands from around the world such as Tommy Hilfiger, Juicy Couture, Nautica, Aldo, Nine West, Aeropostale Tim Hortons, Cold Stone Creamery, Inglot, to name a few and other key brands include.

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