ChenOne
 | |
| Private | |
| Industry | Fashion |
| Founded | 1997 |
| Founder | Mian Muhammad Latif, Mian Muhammad Naeem |
| Headquarters | Faisalabad, Pakistan |
Number of locations | 30+ (in Pakistan and Middle East) |
Key people | Mian Muhammad Latif - Chairman, Mian Muhammad Naeem - CEO, Mian Kashif Ashfaq - COO, Rizwan Latif - COO Overseas, Umair Javed COO Pakistan |
| Products |
Fashion (clothing • footwear • bed linen • kitchen accessories • furniture) |
| Parent | Chenab Group |
| Slogan | Changing Lifestyles |
| Website | www.chenone.com.pk, www.chenonehome.com |
ChenOne is a chain of fashion stores owned by Chenab Group (based in Faisalabad, Pakistan).[1] The first ChenOne store was opened in 1997 at Islamabad.[2] ChenOne has stores located in Pakistan and the Middle East.[3] Fashion products by ChenOne are featured in the fashion magazines of Pakistan.[4] The ChenOne kiosks are attractions in the Dubai Shopping Festival.[5][6][7]
Controversies and Legal Challenges
A 2010 Securities and Exchange Commission of Pakistan (SECP) report into share manipulation found ChenOne and its CEO/owners complicit in manipulating the share price of ChenOne associate company Chenab Limited. ChenOne was found to be in violation of Securities and Exchange Ordnance 1969 Section 17 (a) & (e).[8] The Securities and Exchange Commission of Pakistan subsequently in 2013 filed a criminal complaint against ChenOne, its associate Chenab Limited and the CEO of ChenOne Mr. Mohammed Naeem.[9] Other indivdials sued by the SECP included brothers of the CEO of ChenOne, namely Mian Muhammed Latif and Mian Muhammed Javaid Iqbal and other relatives namely, Mian Faisal Latif, Mian Farhan Latif, Mian Zeeshan Latif, Mian Rizwan Latif and Muhammed Irfan Maqbool. The said indivudals are currently out on bail [10]
Store locations
ChenOne stores are located in Pakistan in the following places (opening date in brackets):
- Islamabad (1997)
- Rahim Yar Khan (1997)
- Lahore (Gulberg branch) (1998)
- Faisalabad (1998)
- Karachi (1999)
- Rawalpindi (2001)
- Faisalabad (Serena Hotels) (2002)
- Peshawar (2002)
- Abbottabad (2004)
- Lahore (Defence branch) (2004)
- Multan ( 2005)
- Sialkot (2006)
- Gujrat (2006)
- Karachi (Tariq Road) (2008)
- Bhurban (2008)
- Sargodha (2009)
- Bahawalpur (2009)
- Islamabad (Diplomatic Enclave)(2011)
- Islamabad (Serena)(2011)
- Gujranwala (2012)
- Sahiwal (2012)
Outside of Pakistan, ChenOne has stores in the following places:[11]
- Abu Dhabi
- Dubai (Jumeriah)
- Dubai (Dubai Festival City)
- Makkah
- Ajman
- Riyadh (Olaya Road near to Kingdom Tower)
- Al-Ain
Products
ChenOne offers clothing, footwear, bed linen, kitchen accessories and furniture.[12]
References
- ↑ Pakistan and Gulf Economist (Accessed: February 02 2008)
- ↑ Storkprints (Accessed: February 03 2008)
- ↑ ChenOne Stores (Accessed: February 02 2008)
- ↑ Visage (Accessed: February 02 2008)
- ↑ DSS News (Accessed: February 02 2008)
- ↑ Business Recorder (Accessed: February 02 2008)
- ↑ Daily Times (Accessed: February 02 2008)
- ↑ http://www.secp.gov.pk/Reports/2013/3_Investigation-Report_ChenabLtd.pdf
- ↑ http://www.secp.gov.pk/Reports/2013/3_Criminal-Complaint_ChenabLtd.pdf
- ↑ http://www.secp.gov.pk/Reports/2013/3_Court-Order_ChenabLtd.pdf
- ↑ ChenOne-Contact Us (Accessed:February 02 2008)
- ↑ ChenOne Products (Accessed: February 02 2008)