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UAE: Carter & White raises Dirham 40 million Series A funding

Emirati brand Carter & White, specialists in luxury clothing and accessories, has successfully raised Dirham 40 million in their first round of Series A funding. The sustainable luxury and contemporary fashion’s goal is to be listed in global financial markets by 2027.

Carter & White aims to invest these funds to attract a new segment in regional retail markets of UAE, Saudi Arabia, GCC, and then Europe. The popular brand will open its first store in Al Faisaliyah Centre in Riyadh later this year followed by stores in Kuwait, Doha, Jeddah and GCC countries. The Egyptian Giza premium cotton clothing brand will also open its first internationally based pop-up in Porto Cervo this September. Abdullah bin Saeed Al Naboodah, Chairman of Carter & White, said: "We are proud of our accomplishments and keen to continue this trajectory in the GCC. We are gaining substantial ground in new international destinations also." https://twitter.com/carterandwhite/status/1421835758009298945 Combining timeless tailoring with impeccable quality, Carter & White has seven stores in Dubai (City Centre Mirdif, Al Khawaneej Walk, Dubai Harbour, Blue Waters, Dubai International Financial Center, Galeries Lafayette). It has two stores in Abu Dhabi (The Galleria Al Maryah Island, and Marina Mall Abu Dhabi). Carter & White, which offers utmost comfort and pure understated style, has ably generated brand awareness via exhibitions, opening a multitude of stores and direct sales channels. Hamad bin Jassim Al Darwish, Fayrouz Kapadia, Majid Al Ghaslan, and Marwan bin Yousef Al Serkal are the other members of Board of Directors. https://dubainews.tv/uae-carter-white-raises-dirham-40-million-series-a-funding/?feed_id=16071&_unique_id=644e311e5dbbb
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