31 Aug '13, 3pm

Baghdad's

Baghdad's

On a corner in Baghdad's rich Mansour neighbourhood, a shop displays a giant green Rolex logo. But this is no ordinary Rolex shop. Inside, the Swiss watches are on display behind glass cabinets, along with other expensive brands such as Patek Phillipe and Raymond Weil. The store's owner, Ali Abodi, says the timepieces for sale are genuine. But the store itself is not. Mr Abodi hired a contracting company to create a replica of a typical Rolex store. In the West, his actions might be interpreted as an infringement on Rolex's rights. But in Iraq, as violent attacks and car bombs hamper business activity, merchants are hailed for their risk-taking while international brands are still reluctant to have a presence. Several fake shops have opened in the neighbourhood in recent months - among them a Facebook cafe, a Pizza Hut and a "KFC Krunchy Fried Chicken". "I buy my watches f...

Full article: http://www.thenational.ae/business/industry-insights/reta...

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