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Retailcorp World shelves new brand plans

Retailcorp World, Dubai World's retail arm has closed its Lamborghini branded cafes and has cancelled plans to bring the US grocery chain Balducci's and the fashion brand Joe Bloggs to the region, as part of an overhaul of the company, The National has reported. Executive vice chairman of the firm, Abdul Wahid al Ulama said the company will instead focus on its more profitable and less risky Go Sport and Nike sports stores.

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