Danube Home inks deal to enter Mauritius market
05 Aug 2022 - Danube Home International (DHI) has signed a master franchise agreement with Hyvec Group to expand Danube Home into Mauritius. The expansion into Mauritius follows the brand’s move into Nepal and Bangladesh a few months earlier. DHI is the global franchise division of interior décor and home improvement brand of the Danube Group.
According to Danube, the Hyvec Group plans to open three franchise stores in the next year in Mauritius, including a large-format showroom spread across 50,000sqft that will cater to residents and tourists. The first showroom is expected to open in November this year.
“Our global expansion means we will export more home décor products to the rest of the world from the UAE that will not only boost UAE’s export and re-export but also will help the UAE economy grow further. This will also further strengthen economic relations between the UAE and Mauritius and we are proud to play a small role in this,” said Adel Sajan, Group Managing Director of Danube Home.
In March 2022, Danube launched a 1,000 unit affordable housing project in Dubai.
He added, “This demonstrates our group strength in expanding at a very challenging time when global economic growth forecast comes with inflationary pressures. However, we have learnt to convert challenges into opportunities and have continued our growth journey amid challenging environment. Our partnership with Hyvec and expansion into Mauritius will help offer a wider choice to the consumers of the Indian Ocean-island nation and we look forward to a fruitful collaboration.”
The firm says that with more than 25,000 types of home décor and furnishing products, it is ranked among the top retailers in the Gulf Region, and has been averaging a 25% growth rate since 2011. It is expanding worldwide through organic growth, investment and through franchise partnership.
Ehsan Chady, Chairman of Hyvec Group explained, “Danube Home is another feather in our cap and we are proud to be bring this prestigious global name to Mauritius – that will offer a wide choice in furnishing and home décor to our clients. Danube Home has a wide collection of products to the extent of 25,000 types of products – which gives the customers the widest choice in furnishing and home décor sector.”
“Our consumers will be very delighted to find all types of home décor products under one roof in Mauritius. We have a robust growth plan for Danube Home in Mauritius. We look forward to a very fruitful partnership with Danube Group to develop the brand in our country further,” Chady stated.
anube Home is currently present across 12 countries including UAE, Oman, Egypt, Qatar, Kuwait, Bahrain, Rwanda, Uganda, Nepal, Sudan, Nigeria and India.
Sayed Habib, Director of Danube Home E-Commerce and Franchise remarked, “Mauritius is an important market for Danube Home and its presence will help our brand visibility into not only a new territory, but due to the arrival of international tourists, our products and brand image will also expand to many other countries.”
Habib concluded, “Through our partnership with Hyvec Group, we plan to serve a growing number of consumers and give them a better value with new and innovative space-saving home décor that will give them more livable space per square feet.”