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Saudi Competition Authority approves JV to sell, distribute Gucci products

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Saudi Competition Authority approves joint venture to sell, distribute Gucci products

RIYADH: Saudi Arabia’s General Authority for Competition gave the green light for a joint venture between G Distribution B.V and Al Rubaiyat Co. for Industry & Trade Holding to sell and distribute Gucci products in the Kingdom. G Distribution Company will own 75 percent of the shares in the company, while Al Rubaiyat Company will own 25 percent, Argaam reported. The Kingdom’s ....

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