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February 2020

GWC and Vault Couture Held Joint Event Showcasing Storage Management Solutions for High Value Items and Luxury Fashion

GWC, the leading logistics provider in the State of Qatar, and British Company Vault Couture held a high tea event in the Ritz-Carlton Doha Hotel. During the event, the companies showcased storage management solutions for high value items and luxury fashion. The high tea event was attended by the Director and members of the Qatari Businesswomen Association (QBWA) chaired by Mrs Aisha Al-Fardan, members of the Qatari Businessmen Association (QBA), Director of Trade and Investment from British Embassy, GWC and Vault Couture Officials, among other dignitaries.

“We will continue to bring best-in-class solutions to the Qatari market such as Vault Couture’s one of a kind Class-A services that satisfies an important niche in the market,” stated GWC Group CEO Mr. Ranjeev Menon. “This addition enforces our path of delivering our purpose and remaining the provider of choice for all logistics services and supply chain solutions across all market segments while ensuring the best results to our shareholders”, he added.

Vault Couture, as seen in Forbes, Vogue, and Harper Bazaar, specializes in wardrobe management and storage in London, providing a game changing digital platform that enables their clients to digitally access their wardrobe and manage it seamlessly from anywhere in the world. This association with GWC is a natural extension of the company’s vast logistics infrastructure offering general and niche supply chain services, including solutions for clients in retail, fashion, and fine art. In addition to the state-of-the-art technologies and procedures that provided by Hamad International Airport, that developed as a popular gateway for world travelers, executives, and business tradeshows from various industries, including high value goods, it became feasible to store and manage these high value items as they move throughout the world, while the new digital platform will create ease of access and offer a wide range of services including personalized services, virtual wardrobe, luggage-less travel and same day delivery.

“This association with GWC provides us access to a wider market including the greatest advantage of their logistics capability that is unrivalled in the region,” stated Vault Couture Founder, Mounissa Chodieva.

This initiative is a further example of the strong bilateral trade relationship between the UK and Qatar. Director of Trade & Investment at the British Embassy in Qatar, Jinoos Shariati, stated: “We are delighted to see another strong initiative between British and Qatari businesses where UK innovation enables efficiency and productivity within a global supply chain.”

GWC concluded 2019 with a 9% increase in net profit to QAR 249.1 million with gross revenues reaching QAR 1.2 billion at the end of 2019 while EPS increased to QAR 0.43 at the end of the same period. GWC crowned 2019 by participated in one of the world’s biggest sporting events as the first National Supporter and Official Logistics Provider of the FIFA Club World Cup™ held in Qatar in December 2019.

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