Lebanon Businessnews News
 

Daze concept furniture store launching in August
Batal Design expands its manufacturing facilities
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Daze, a local importer of concept furniture, will open its first branch in Corniche Al Mazraa next month. The store specializes in affordable furniture from different countries, targeting middle and lower-income classes.

The company is a new affiliate of BD Holding, the company that owns the Batal Design furniture store. Hussein Batal, CEO of BD Holding, said: “After studying the market we recognized that the local economic crisis had a big impact on clients’ purchasing power.” Daze will propose full house furniture including carpets and lightings with prices ranging between $10,000 and $25,000.

The Corniche Al Mazraa outlet stretches over 2,800 square meters. A second branch will open on the Jounieh highway within two months and three additional branches in Saudi Arabia are planned later. Investment in both branches will reach $3 million. Daze will be selling franchisees for all the Gulf countries.

Batal Design already has three showrooms in Riyadh, Jeddah, and Khobar, and is planning a fourth showroom in Riyadh this year. To fulfill demand in Gulf countries, Batal Design recently finalized a new factory in Riyadh, Saudi Arabia. The facility has a built-up area of 40,000 square meters. Batal said that total investment in the new factory reached $40 million.

The company is also preparing to reopen Intercasa, its 20,000 square meter factory in Jadra. The total investment cost in Jadra factory reached $8 million and will create 150 jobs. “Our local factory and the KSA one will not take market shares from each other, because each will specialize in particular items.”
Reported by Rania Ghanem
Date Posted: Jul 29, 2013
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