The new branch, in the Dubai Mall, is the first of three Nordsee branches the company’s owners plan to start in the United Arab Emirates.
Nordsee is expanding its international business to the Middle East and to Southern and Eastern Europe, with further openings planned in Bratislava, Palma de Mallorca, Bucharest, Istanbul, Riga, Sofia and Athens.
The company, a subsidiary of stock-listed IFR Capital, generated earnings before income, taxes, depreciation and amortization (EBITDA) of €4.9 million ($7 million) through the first six months of 2009, and saw sales increase 0.8
