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Jumbo Electronics eyeing medium-sized acquisitions
- United Arab Emirates: Sunday, January 06 - 2013 at 05:17
Dubai-based multi-branded retailer Jumbo Electronics is considering medium-sized acquisitions this year to fuel group's growth, Gulf News has reported. The group is also planning expansion of its retail and distribution network as consumer electronics industry is expected to grow at a robust pace, said the group's newly-appointed CEO, Vishesh Bhatia. "We are planning a big expansion this year starting from Oman, Kuwait, Qatar, and Bahrain and especially so for the UAE," Bhatia told the daily. "We are also looking at medium-sized acquisitions for diversifying our portfolio. It could be from the UAE or from the Gulf. We had discussions with some prospects. I would like it to happen this year," he said.
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