GMG pursues global expansion with RSH acquisition

GMG pursues global expansion with RSH acquisition
Mohammad Baker, CEO of GMG, and Regis Schultz, director of RSH, at the signing.
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Updated 19 December 2020

GMG pursues global expansion with RSH acquisition

GMG pursues global expansion with RSH acquisition

Gulf Marketing Group (GMG), a Middle Eastern family-owned holding company, is expanding its global presence in the sports retail market through the purchase of Royal Sporting House (RSH), a multi-brand sports retailer in Southeast Asia.

Over the last four decades, the GMG Sports division has expanded from a single retail store in Dubai to more than 300 stores in 18 cities across six countries, becoming the largest sports retailer in the MENA region. The GMG Sports portfolio includes homegrown brands such as Sun and Sand Sports as well as being a distributor for global brands like Nike, Columbia, Timberland, Vans, and more. 

Through the RSH acquisition, GMG Sports is increasing its presence in the Gulf and entering some of the largest markets in Southeast Asia — including Indonesia, Malaysia, and Singapore — as well as Hong Kong and Egypt. The UAE-based holding company will now operate more than 550 sports retail stores in 57 cities across 12 countries. This will include more than 1.9 million square feet of physical retail space, 10 warehouses, and employing nearly 8,000 people. With the expanded presence, GMG Sports will now have the potential to reach more than 700 million consumers around the world. 

Mohammad A. Baker, deputy chairman and CEO of GMG, said: “This acquisition is a significant milestone in the evolution of GMG’s diverse portfolio. As people around the world continue to embrace active and healthy lifestyles, the integration of RSH operations into the GMG network of stores further strengthens our leading position in sports retail across the MENA region, and allows us to reach hundreds of millions of potential new consumers across Southeast Asia, Hong Kong, and Egypt. This expansion is a strategic step in taking our business and vision global.”  

“Despite the significant disruptions to the global retail industry, the strength and resilience of GMG’s business strategy enabled us to overcome these challenges and double down on our expansion plans. At our core, we are a growth business with long-term global ambitions,” added Baker.

In addition to the sports division, GMG also has a growing presence in other business verticals, including healthcare, food, education, real estate, and logistics. Across the holding group, it has successfully scaled homegrown brands such as Supercare pharmacies, food brand Farm Fresh, and logistics provider Trilogi. GMG has also introduced more than 90 international brands into the Middle East to date.


PwC’s Academy launches accredited CMI qualification

PwC’s Academy launches accredited CMI qualification
Updated 19 January 2021

PwC’s Academy launches accredited CMI qualification

PwC’s Academy launches accredited CMI qualification

PwC’s Academy, the talent and skills development business of PwC, has recently been recognized as an approved center offering the Chartered Management Institute (CMI) qualification in the Middle East. This professional qualification will develop core management skills, and enable aspiring leaders to acquire globally recognized accreditation.

Launching as a public course in February, the Level 5 diploma in management and leadership is designed to give participants the skills and competencies needed to become an effective manager. Live online training will be delivered through a flexible, bite-sized modular program over a one-year period. Upon completion, participants will be one step closer to CMI’s prestigious Chartered Manager status.

Amanda Line, partner at PwC’s Academy, said: “Leadership is required in all areas of an organization, no matter the industry, to set direction and unlock the greatest potential in teams. The CMI qualification not only equips participants with cross-functional management skills that form the building blocks of leadership, the fact that this is a globally recognized accreditation adds confidence to both participants and companies.”

The Level 5 diploma covers core subjects including finance management, project management, planning and procuring, and the principles of management and leadership. Participants can continue to progress through the CMI qualification by earning an award, certificate or diploma, depending on their professional goals.

PwC’s Academy will also offer Level 3 and Level 7 CMI qualifications as in-house training for organizations across the Middle East.

Winston Jacob, head of employer and partner provider relations at CMI, said: “Our mission at CMI is, and has been for the past 70 years, to raise the quality and standard of management in the workplace. We are delighted to partner with PwC’s Academy in the Middle East to offer a number of our globally recognized qualifications, and at a time that has never been more critical for the development of our future leaders.”