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With the clear intent to make strategic investments in the burgeoning high fashion industry, the KAPICO group has invested in some key partnerships.

 
SAKS Fifth Avenue GIORDANO
 
SAKS Fifth Avenue
 

Style Avenue Middle East FZCO is the vehicle that owns and operates licensed Saks Fifth Avenue stores in the Gulf Cooperation Council countries of UAE, Kuwait, Bahrain and Qatar.

After opening the largest Saks Fifth Avenue store outside of the USA in Dubai, Style Avenue ME has recently leased prime property to open its first Saks Fifth Avenue store in India.
 
The shareholders of Style Avenue Middle East FZCO are Damas Jewellery, KAPICO Group, Chalhoub Group Ltd., and the Al Mana Group.

Saks Fifth Avenue was the brainchild of Horace Saks and Bernard Gimbel, who operated independent retail stores on New York's 34th Street at Herald Square in the early 1900s. Their dream was to construct a unique specialty store that would become synonymous with fashionable, gracious living.

The combined financial input of these great merchant families led to the purchase of a site between 49th and 50th Streets on upper Fifth Avenue, then jointly occupied by the Democratic Club and the Buckingham Hotel. With the opening of its founders' "dream store" on September 15, 1924, Saks Fifth Avenue became the first large retail operation to locate in what was then primarily a residential district. By offering the finest quality men's and women's fashions, as well as an extraordinary program of customer services, Saks Fifth Avenue has become the byword for taste and elegance.

Saks Fifth Avenue today is renowned for its superlative selling services and merchandise offerings. The best of European and American designers for men and women are sold throughout its 57 stores servicing customers across the globe.

 

 
GIORDANO
 

KAPICO is a joint venture partner with Giordano Fashions Middle East in the operation of its 9 stores in Kuwait.

Giordano Fashions Middle East is a leading retailer of relevant casual wear and accessories for men, women and children through its brands GIORDANO and GIORDANO JUNIOR.

Giordano Fashions Middle East currently has over 100 stores operating in the UAE, Kuwait, Saudi Arabia, Qatar, Oman, Bahrain, Jordan, Iran and Georgia.

Giordano has a global network of over 1500 stores.

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