Middle East retailing juggernaut, the Dubai-headquartered Landmark Group, was founded by Micky Jagtiani in 1973 with one store in Bahrain after his father and brother died. It generates $5 billion revenues annually from more than 1,900 stores across the Middle East, Africa and India,” Forbes states in Jagtiani’s profile.
“Landmark is stepping up expansion in fast food and restaurants through its food and beverage unit Foodmark, which has the Middle East franchise for Jamba Juice and Sweden’s Max Burger, among much else. After ending a 2-year alliance with France’s Groupe Auchan that operated 13 hypermarkets in India, Landmark teamed with Dutch retailer Spar. The privately held group, which wife Renuka helps him run, also has interests in hotels, healthcare, fitness gyms and confectionery,” it adds.