Patrick Chalhoub, co-chief executive officer of the Chalhoub Group.
MILAN — “It’s a new world,” said Patrick Chalhoub, co-chief executive officer of the Chalhoub Group, which is one of the leading operators of luxury brands in the Middle East. The company released its fifth white paper study here on Thursday, focusing for the first time not only on the market in the region but on the evolution of local customers.
According to Chalhoub, there’s a significant change in society and in the approach to shopping. The countries of the GCC, or Gulf Cooperation Council, are at a demographic turning point, especially in Saudi Arabia and Oman, where half of the population is under age 30.
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