UAE: Forever Rose reports record profit, announces expansion

Forever Rose, part of the Al Samadi Group stable of brands has reported a record growth of 35% per month in the first half of 2016, and a 1,600% increase in value since acquiring the company in 2014 for £1 million pounds. This year sees the brand poised to open eight new stores across the UAE and over 20 new locations internationally by 2018. Headquartered in Business Bay, Al Samadi's global network has seen the introduction of many of the world's premier international brands into the UAE market.

CEO of Al Samadi Group and Forever Rose, Ebraheem Al Samadi: "Our 24 month regional expansion plans are set in stone, we are currently in the development phase for three locations in Qatar and Kuwait, followed by fifteen stores in Saudi Arabia, and one in both Bahrain and Oman. We will then expand into Paris and reintroduce Forever Rose to the London market, having recently secured a prime real estate location in the prestigious Knightsbridge. We are implementing our growth strategy according to the consumer demand we are experiencing and work tirelessly to know our markets intimately. Our vision for the company is to become the number one luxury flower and gift boutique in the world, and do not believe that there is any one near to our level of quality, design, professionalism or innovation in this industry."

Forever Rose is also set to open their state-of-the-art, 10,000 square foot production facilitated in Jebeal Ali, where they will manufacture all Forever Rose products, packaging, lead design and training and control their international shipping line.

For more information:
foreverrose.ae