Day: June 8, 2023

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‫مجموعة أباريل وكلاركس في تحالف استراتيجي مشترك لتوسيع نطاقهما الإقليمي في قطاع التجزئة في المملكة العربية السعودية

  • مجموعة أباريل على وشك إطلاق أكثر من 20 متجراً لكلاركس في المملكة العربية السعودية

يسر مجموعة أباريل، أكبر مشغل في مجالات الأزياء والاسلوب المعاصر، أن تعلن عن تحالفها الاستراتيجي مع الشركة الرائدة في مجال الأحذية كلاركس، والهادف لتوسيع وجود علامة كلاركس في قطاع التجزئة في المملكة العربية السعودية مع خطة استراتيجية تشتمل افتتاح أكثر من 20 متجراً في غضون الخمس سنوات المقبلة. 

هذا التحالف يبرهن التزام مجموعة أباريل في تنويع أنشطتها في قطاع التجزئة بينما توفر تجربة تسوق متميزة للعملاء في المملكة العربية السعودية. وتتوافق خطتها التوسعية مع “رؤية السعودية 2030” الهادفة لدعم التنوع الاقتصادي لتمكين  دور قطاع التجزئة المحوري في دفع عجلة الاقتصاد في البلاد . 

وعبر نيراج تيكشينداني، الرئيس التنفيذي لمجموعة أباريل، عن حماسه الشديد لهذه الشراكة بقوله ” يمثل هذا التحالف الاستراتيجي خطوة مهمة في سعينا لتوفير تجربة تسوق غير مسبوقة في المملكة العربية السعودية، حيث أن علامة كلاركس بإرثها وسمعتها الطيبة في توفير المنتجات عالية الجودة، ستشكل إضافة هامة إلى علاماتنا التجارية. لذا يسعدنا توفير هذه العلامة التجارية البريطانية لعملائنا في المنطقة.”

وستوفر متاجر كلاركس الجديدة في المنطقة خيارات واسعة من الأحذية بما فيها أشهر تصاميمها الأصلية وتشكيلة من الأحذية المريحة الحصرية. وتوسعها القادم سيساهم في وصولها إلى شريحة أكبر من المتسوقين ومجاراة الطلب المتصاعد على الأحذية عالية الجودة في السعودية وماحولها.  

لمحة عن مجموعة أباريل

تقف مجموعة أباريل، الرائدة عالمياً في مجال توزيع وبيع الأزياء والإكسسوارات وأنماط الحياة المتنوعة، على مفترق طرق الاقتصاد الحديث في مدينة دبي، بدولة الإمارات العربية المتحدة. واليوم، أضحت المجموعة قادرة على تلبية احتياجات آلاف المتسوقين عبر أكثر من 2,025 متجراً وأكثر من 80 علامة تجارية وبتعيين 20,000 موظف من مختلف الثقافات.

حققت المجموعة حضوراً قوياً وراسخاً في دول مجلس التعاون الخليجي كما أنها نجحت في توسيع مجالات تسويقها في الهند وجنوب أفريقيا وسنغافورة واندونيسيا وتايلند وماليزيا والباكستان ومصر. وإضافة إلى ذلك، وضعت المجموعة استراتيجيات واضحة للدخول إلى العديد من الأسواق الناشئة مثل هنغاريا والفليبين.   

تدير مجموعة أباريل العديد من العلامات التجارية العالمية الشهيرة، التي انطلقت من الولايات المتحدة الأمريكية وكندا وأوروبا وأستراليا وآسيا، وتضم الكثير من الأسماء الرائدة في عالم الأزياء، الأحذية ونمط الحياة على غرار تومي هيلفيغر، تشارلز آند كيث، سكتشرز، ألدو، ناين وست، إروبوستال، وغيرها من الأسماء بالإضافة لعلامات تجارية رئيسية مثل تيم هورتنز، جيميز اتاليان، كولدستون كريمري، إنجلوت، ريتوالز وذلك على سبيل المثال لا الحصر.

يذكر بأن الفضل في نجاحات مجموعة أباريل ونموها المذهل يعود لرؤية وتوجيهات مؤسستها ورئيسة مجلس الإدارة سيما جنواني فيد، التي انطلقت بالشركة من القوة إلى الأقوى منذ نشأتها وعلى امتداد عقدين من الزمن.

https://apparelgroupglobal.com

GlobeNewswire Distribution ID 3575457

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Apparel Group and Clarks Join Forces to Expand Retail Reach in KSA

Apparel Group and Clarks Set to Open 20+ Stores in KSA

Clarks

Apparel Group and Clarks Join Forces to Expand Retail Reach in KSA

DUBAI, United Arab Emirates, June 08, 2023 (GLOBE NEWSWIRE) — Apparel Group, a global fashion and lifestyle conglomerate, proudly announces its strategic partnership with leading global footwear brand, Clarks. This alliance aims to expand Clarks’ retail footprint across the Kingdom of Saudi Arabia (KSA) with plans to inaugurate more than 20 stores over the next five years.

This partnership underscores Apparel Group’s commitment to diversifying its retail portfolio while enhancing the shopping experience for customers across KSA. The expansion plan aligns with Saudi Arabia’s Vision 2030, which fosters economic diversification and aims to stimulate sectors like retail to drive its economy.

Mr. Neeraj Teckchandani, CEO of Apparel Group, expressed his enthusiasm about the new venture. He said, “This strategic partnership with Clarks signifies a monumental step in our journey towards offering an unparalleled retail experience in the KSA. Clarks, with its rich heritage and reputation for quality, perfectly complements our diverse brand portfolio. We are excited to bring this iconic British brand closer to customers in the region.”

Clarks new stores will offer an extensive range of products, including their world-renowned Originals and an exclusive collection of comfort footwear. The expansion will enable Clarks to reach a larger audience and cater to the growing demand for high-quality footwear in the KSA and beyond.

About Apparel Group LLC

Apparel Group is a global fashion and lifestyle retail conglomerate residing at the crossroads of the modern economy – Dubai, United Arab Emirates. Today, Apparel Group caters to thousands of eager shoppers through its 2025+ retail stores and 80+ brands on all platforms while employing over 20,000+ multicultural staff.

Apparel Group has carved its strong presence in the GCC and expanded thriving gateways to market in India, South Africa, Singapore, Indonesia, Thailand, Malaysia, Pakistan, and Egypt. Additionally, clear strategies are in place to enter emerging markets such as Hungary and Philippines.

Apparel Group has created an omni-channel experience, operating brands originating from the USA, Canada, Europe, Australia, and Asia. The brands include leading names in fashion, footwear, and lifestyles such as Tommy Hilfiger, Charles & Keith, Skechers, Aldo, Nine West, Aeropostale, Jamie’s Italian, Tim Hortons, Cold Stone Creamery, Inglot, and Rituals.

Apparel Group owes its amazing growth to the vision and guidance of its dynamic Founder and Chairwoman, Mrs. Sima Ganwani Ved, who has taken the company from strength to strength since its inception in the last two decades.

www.apparelgroupglobal.com

Contact: PR@apparelglobal.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ac627580-e5c3-4e63-bf0d-90ae418ad926

GlobeNewswire Distribution ID 8855025

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Bitmanu Crypto Miners Emerge as Home Business Opportunity

NEW YORK, June 08, 2023 (GLOBE NEWSWIRE) — Bitmanu has steadily emerged as a preferred home business opportunity for many over the past year. This manufacturing company offers three highly efficient mining rigs capable of providing ROI within just a month. These high-power ASIC miners can be used even without any significant background in crypto.

While designing its miners, Bitmanu’s foremost priority was to deliver industry-leading hash rates. Many noted industry veterans have already accepted that the hash power offered by Bitmanu’s BM 1, BM 2, and BM Pro miners are unprecedented in the market. These hash rates allow Bitmanu users to quickly process transactions and earn rewards. Bitmanu also has its own private Bitstream, which means multiple coins can be mined using these rigs.

Unmatched Hash Power

Bitcoin 3900 TH/s 1220 TH/s 760 TH/s
Litecoin 400 GH/s 128 GH/s 80 GH/s
Dash 75 TH/s 25 TH/s 15 TH/s
Monero 32 MH/s 10 MH/s 6 MH/s

The high profitability of Bitmanu miners can be attributed to their high hash rates as well as energy efficiency. BM 1, BM 2, and BM Pro are viable as home business options because they can deliver top-notch mining performance with moderate power consumptions of just 650W, 850W, and 2200W respectively. The profit-making potential of these miners is miles ahead of any of their competitors.

Monthly Mining Profit

  BM Pro BM 2 BM 1
Bitcoin $7000 $2400 $2000
Litecoin $9500 $3200 $3000
Dash $26,000 $9000 $5000
Monero $22,000 $6400 $3800

*Calculation was done based on the current market price and mining difficulty

The popularity of Bitmanu is by no means limited to seasoned crypto miners. Many casual mining enthusiasts have also benefited from this home business opportunity because Bitmanu miners are delivered pre-configured, and can be used just by plugging them into a power socket. Also, these rigs are suitable for home use because they can operate optimally without generating any considerable amount of noise or heat.

To find out more about Bitmanu, please visit https://bitmanu.com/

About Bitmanu: Bitmanu is a manufacturing company created, owned, and managed by a team of investors and noted crypto industry experts dedicated to bringing the benefits of the latest technological innovations to the public. The company offers a stunning range of crypto miners that offer superfast returns on investment and can be set up and used by all regardless of their experience and knowledge.

Alex Torum
media@bitmanu.com
+1 347 973 5948

GlobeNewswire Distribution ID 1000824140

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Cohere Announces $270M Series C to Bring Generative AI to Enterprises

Funding will accelerate Cohere’s leadership position giving enterprises the power of AI on the cloud platform of their choice, keeping their data private and secure

SAN FRANCISCO and TORONTO, June 08, 2023 (GLOBE NEWSWIRE) — Cohere, the leading AI platform for enterprise, today announced $270M in new capital as part of its Series C financing. Inovia Capital led the round, with additional participation from a diverse group of global institutional and strategic investors, including NVIDIA, Oracle, Salesforce Ventures, DTCP, Mirae Asset, Schroders Capital, SentinelOne, Thomvest Ventures, and returning investor Index Ventures. This group represents investors from the USA, Canada, Korea, the UK, and Germany, and includes some of the most respected technology companies in the world.

“AI will be the heart that powers the next decade of business success,” said Aidan Gomez, CEO and co-founder, Cohere. “As the early excitement about generative AI shifts toward ways to accelerate businesses, companies are looking to Cohere to position them for success in a new era of technology. The next phase of AI products and services will revolutionize business, and we are ready to lead the way.”

“We are at the beginning of a new era driven by accelerated computing and generative AI,” said Jensen Huang, founder and CEO of NVIDIA. “The team at Cohere has made foundational contributions to generative AI. Their service will help enterprises around the world harness these capabilities to automate and accelerate.”

AI Built for Enterprise
Cohere’s AI platform is uniquely designed for enterprises, offering data-secure deployment options in companies’ existing cloud environments, customization, and customer support. This includes an ecosystem of consulting and system integrator partners to help enterprises at any stage in their AI journey.

Cohere’s enterprise AI suite is cloud-agnostic, offering the highest levels of flexibility and data privacy. The platform is built to be available on every cloud provider, deployed inside a customers’ existing cloud environment, virtual private cloud (VPC), or even on-site, to meet companies where their data is. This empowers businesses to transform existing products and build the next era-defining generation of innovative solutions all while keeping their data secure.

“Our entire raison d’être is to invest in great entrepreneurs who have great worldwide mission and ambitions,” said Steve Woods, CTO and Partner, Inovia Capital. “Very few ideas can fundamentally change society and add more value to humankind. This is obviously one such opportunity and we are thrilled to partner with Cohere to be a part of it.”

Today’s news comes on the heels of Cohere’s momentum in several areas: a recent announcement to collaborate with Salesforce Ventures to advance generative AI to realize business value; an engagement with LivePerson to supercharge customer experiences; and a host of additional demand and interest from the enterprise market. As Cohere continues to advance its industry-leading technology, Stanford’s most recent language model evaluation has also ranked Cohere’s Command model highly in accuracy over comparable models. Meanwhile, Cohere recently released the first-ever publicly available multilingual understanding model trained on authentic data from native speakers; it’s equipped to read and understand over 100 of the world’s most commonly spoken languages.

“Cohere has a rare combination of top-tier talent, the most innovative technology and is best positioned to seize the global enterprise market opportunity for Generative AI and LLMs,” said Lance Matthews, Managing Director, DTCP. “Our unique fund structure and relationships allows us to gather a coalition of global institutional and strategic investors including Deutsche Telekom to accelerate Cohere’s vision to bring this technology to enterprises worldwide.”

To learn more about Cohere and its growing team, visit cohere.com.

About Cohere
Cohere is the leading AI platform for enterprise. Its world-class AI is uniquely suited to the needs of business, unlocking unprecedented ease-of-use, accessibility, and data privacy. Cohere’s platform is cloud-agnostic, accessible through API as a managed service, and can be deployed on virtual private cloud (VPC) or even on-site to meet companies where their data is, offering the highest levels of flexibility and control. Founded by Google Brain alumni and a co-author of the seminal Transformer research paper, Cohere is on a mission to transform enterprises and their products with AI that unlocks a more intuitive way to generate, search, and summarize information than ever before. The company is backed by group of global institutional and strategic investors including DTCP, Index Ventures, Inovia Capital, Mirae Asset, NVIDIA, Oracle, Radical Ventures, Salesforce Ventures, Section 32, and Tiger Global, as well as several AI luminaries, including Geoffrey Hinton, Jeff Dean, Fei-Fei Li, Pieter Abbeel, and Raquel Urtasun.

Media Contact
press@cohere.com

GlobeNewswire Distribution ID 8854627

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Duck Creek Technologies Rated a Luminary in Celent’s 2023 Insurer Stand-Alone Rating Engines North America and Global Reports

Boston, June 08, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of Property and Casualty (P&C) and general insurance, earns Luminary status in Celent’s 2023 North America and global reports, Insurer Stand-Alone Rating Engines. Duck Creek’s rating solutions have been recognized in the report’s highest-ranking category for advanced technology and breadth of functionality.

This report provides an overview of Duck Creek Rating, which enables customers to rate 583,000 quotes per hour/per server of complex personal lines policies in a 100% horizontally scalable manner. In North America and across the globe, Duck Creek maintains an open platform and open ecosystem philosophy, offering over 100 pre-built and validated integration accelerators. This includes Duck Creek Rating Anywhere Integrations with Coherent, Akur8, AAIS, and Verisk. Celent’s report profiles key stand-alone rating engines and provides an overview of their functionality and technology. The report equips P&C insurance carriers with the knowledge and insights to evaluate the market’s best stand-alone rating engines for their business.

“Duck Creek is proud to continue to earn Celent’s highest Luminary ranking in North America and globally for our rating solutions,” said Jess Keeney, Chief Product & Technology Officer, Duck Creek Technologies. “We are continuously seeking ways to modernize our technology and create evergreen solutions that cultivate a better user experience for our customers. Deploying frequent, fully automated updates with configurability enables us to do this.”

“Duck Creek was one of only two named Luminaries in the report, which is our highest designation,” said Karlyn Carnahan, Head of Insurance for Celent. “Not only does the distinction celebrate the most advanced technology in the rating space, but it also recognizes the solutions with the most expansive functionality. Duck Creek’s solution ranked high in both categories.”

About Celent

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally experienced analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly owned subsidiary of Marsh McLennan Companies. [NYSE: MMC]. For more information, visit www.celent.com. Follow Celent on Twitter @Celent_Research.

About Duck Creek Technologies

Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.

Carley Bunch
Duck Creek Technologies
+1 201 962 6091
carley.bunch@duckcreek.com

GlobeNewswire Distribution ID 8854376

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EB5 Capital Celebrates the Closing of Hutchinson Island (JF38)

WASHINGTON, June 08, 2023 (GLOBE NEWSWIRE) — Today, EB5 Capital announced the closing of its $40 million preferred equity investment in Daniel Corporation’s Hutchinson Island (JF38) apartment project, located in Savannah, Georgia.

EB5 Capital is making a $40 million preferred equity investment in Daniel Corporation’s 288-unit, Class A multifamily property located across the Savannah River from Historic Downtown Savannah. The project is near the Convention Center and The Westin Harbor Golf Resort and will consist of six residential buildings that are four stories in height with 462 parking spaces. Hutchinson Island (JF38) is scheduled to break ground imminently, and the first units are expected to be delivered in early 2025.

“Savannah has seen significant job growth and capital investment in recent years, following the increased economic activity at the Port of Savannah,” said Jonathan Mullen, EB5 Capital’s Senior Vice President of Investments. “Additionally, Savannah has demonstrated strong multifamily market fundamentals, posting positive net absorption in 17 of the past 20 quarters along with significant annual rent growth.”

Due to the escalating interest rates and the challenges confronting U.S. banks, many lenders have chosen to pull back and adopt stricter lending standards, leading to challenges for borrowers to fully capitalize development deals. “The preferred equity investment from EB5 Capital enabled us to significantly reduce the amount of common equity required and create a capital stack accretive to Daniel Corporation and our partners,” said Carter Bryars, Daniel Corporation’s Chief Operating Officer.

EB5 Capital provides preferred equity investments for ground-up development across the United States. The company has successfully raised approximately one billion dollars since inception and continues to seek investments in multifamily assets with sponsors that have a proven track record of success.

This is EB5 Capital’s first partnership with Daniel Corporation, a reputable developer founded in 1964 and based in Birmingham, Alabama.  Daniel has $1.2 billion in active project investments, primarily through development and management platforms, and has developed or managed over 20,000 multifamily units and over 20 million square feet of commercial and industrial space.

About EB5 Capital

EB5 Capital provides qualified foreign investors with opportunities to invest in job-creating commercial real estate projects under the United States Immigrant Investor Program (EB-5 Visa Program). As one of the oldest and most active Regional Center operators in the country, the firm has raised approximately one billion dollars of foreign capital across more than 30 EB-5 projects. Headquartered in Washington, DC, EB5 Capital’s distinguished track record and leadership in the industry has attracted investors from over 70 countries. Please visit www.eb5capital.com for more information.

Contact:
Katherine Willis
Director, Marketing & Communications
media@eb5capital.com 

GlobeNewswire Distribution ID 8854863