The iconic Virgin Megastores branch at the Opera House building in Beirut Central District has closed down. The decision was taken as part of the company's strategy to shift operations from retail streets to malls, according to former minister Marwan Kheireddine, the major shareholder of Megastores of Lebanon, the local franchisee.
Kheireddine said: "The trend in shopping has moved from standalone shops to malls. The second reason is because there is lack of demand for CDs and DVDs." List...
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