Fashion giant R&B opens store in Riyadh

The store was inaugurated by Apparel’s CFO Neeraj Teckchandani and Abid Shaikh, Apparel Group country manager.
Updated 20 February 2019

Fashion giant R&B opens store in Riyadh

R&B, Dubai-based giant Apparel Group’s fashion arm offering clothing at affordable prices across the Gulf region, has opened a store in Riyadh’s Al-Qasr Mall. The opening of the 1,450-square-meter store is part of a multimillion-dollar expansion plan with an ambitious target of 100 stores across the Gulf, including in the Kingdom, within the next two years. The store was inaugurated by Apparel’s CFO Neeraj Teckchandani and Abid Shaikh, Apparel Group country manager.

“R&B is the Kingdom’s hottest value fashion retailer featuring a range of fashion wear and accessories. Riyadh shoppers want fast fashion and trend-led must-haves at the best prices; that’s what our new store is all about,” said Shaikh.

“This is our sixth store and we are very confident that we will be reaching 100 stores. The product assortment is very unique in our R&B stores as compared to other competitors as we have a dedicated sourcing team for R&B,” he added.

Highlighting the Saudization efforts of the group, Apparel CFO Teckchandani said: “Young Saudi boys and girls are being trained in every stream of our operation.”

He said R&B currently has 26 stores in the Gulf region and that 1,650 graduates are being trained at their retail academy, after which they will be eventually absorbed in the group’s operations.

360-degree mentoring to boost Saudi social enterprise sector

Updated 23 May 2019

360-degree mentoring to boost Saudi social enterprise sector

The King Khalid Foundation (KKF) and Mowgli Mentoring have collaborated to strengthen the growing social enterprise sector in the Kingdom through the provision of 360-degree mentoring, which will support the personal and professional development of social entrepreneurs. The EMCC-accredited mentoring organization is working to built the capacity of Saudi mentors by instilling best mentoring practices and sharing experiences from its 10-year work around the world.

Globally, the concept of social entrepreneurship is increasingly gaining momentum and positive attention as it combines commerce with social good, allowing entrepreneurs to go beyond profit to positively impact communities and societies. Supporting these entrepreneurs, therefore, is in line with the KKF’s vision, which is to have a Saudi society with equal opportunities.

The KKF’s collaboration with Mowgli resulted in the creation of the Athar (Impact) Mentoring Program.

This program aims to build and increase the capacity of Saudi mentors, and equip them with the necessary tools to be able to provide mentorship, support and guidance to social entrepreneurs in the Kingdom. Matching mentors with social entrepreneurs and managing their mentorship relationships is a key benefit of the program.

To commence the mentoring program, Mowgli recently delivered a four-day workshop in the KKF premises in Riyadh. Fourteen professionals and business leaders received training to be 360-degree mentors before being matched with 14 social entrepreneurs. Both groups were provided with the guidelines to build solid foundations for their 1-2-1 mentoring relationships. In addition, the matched pairs will be supported over a duration of six months, during which structured on-going support will be provided to ensure that trust-based and impactful mentoring relationships are developed.

Mowgli Mentoring’s CEO Kathleen Bury said: “We see this program supporting the three themes on which the Kingdom’s Vision 2030 was built upon: Developing a vibrant society, a thriving economy and an ambitious nation. By supporting social entrepreneurs, we’re working toward achieving the Kingdom’s economic aspirations of increasing SME GDP contribution by 20–30 percent by 2030. We are, therefore, excited to be back in Saudi Arabia and are honored to be working with the King Khalid Foundation in delivering this program, and building Saudi Arabia’s mentoring capacity to sustainably support change-makers and their surrounding ecosystems for years to come.”

The key to developing entrepreneurship and fostering economic development lies in having a well-balanced ecosystem with equal investment in four key pillars: Environment (schooling, parenting), finance (working capital, debt and equity financing), infrastructure (incubators, accelerators, utilities and sound legal frameworks) and human capital development (mentoring, skills and knowledge development). Mowgli supports the latter and has successfully delivered more than 110 mentoring programs across the Middle East, North Africa and sub-Saharan Africa.