Mohamad Humoud Alshaya Company

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Company

Mohamad Humoud Alshaya Company

Active

Country

Kuwait

Type

With Limited Liability Company (WLL)

Registration Date

13 Jan, 1960

Sales

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Total

Store

Delivery

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Industry Level 2 Breakdown

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News

Kuwaiti Conglomerate Explores Stake Sale in Starbucks Franchise

01 Nov, 2021

(Bloomberg) -- Kuwaiti conglomerate Alshaya Group is considering selling a minority stake in its Starbucks Corp. franchise that extends from the Gulf region to Russia, according to people familiar with the matter. Family-run Alshaya is working with JPMorgan Chase & Co. on a potential transaction, the people said, asking not to be named because the information is private. No final decision has been made and the owners could still decide against pursuing any deal, they said. A spokesperson for the Kuwait-headquartered company declined to comment on any specifics but said “we constantly look at potential strategic initiatives across the business, in line with Alshaya’s continued strong performance.” JPMorgan declined to comment. Raising cash through a private placement would help Alshaya move past a period of unprecedented disruption that saw the retail and food industry suffer from lockdowns during the global pandemic. While the sector has rebounded this year thanks in part to a shift to e-commerce and growing delivery sales, economic concerns remain a drag on consumer spending. Established in 1890 and believed to be Kuwait’s oldest company, Alshaya is one of the Middle East’s largest operators of popular retail brands such as Victoria’s Secret and the Cheesecake Factory. The Seattle-based coffee chain is Alshaya’s biggest franchise with around 1,700 outlets, a large number of which are in Turkey. Alshaya opened its first Starbucks in Kuwait in 1999 and later expanded the brand to Turkey in 2003 and Russia in 2007. It now offers Starbucks in 14 markets and expects to be operating 1,750 stores by end-2021. The group runs over 4,000 stores across the region from Dubai with its cavernous malls to Turkey and Russia, boasting a total of nearly 70 brands. Its digital footprint also includes more than 100 websites and apps. The company employs more than 50,000 people and counts H&M, P.F. Chang’s and The Body Shop in its regional portfolio, according to its website.

Yahoo!

Kuwaiti Conglomerate Explores Stake Sale in Starbucks Franchise

01 Nov, 2021

Yahoo!

Boohoo to sell its brands in Debenhams stores in Middle East

14 Jul, 2021

The online fashion retailer Boohoo has struck a deal with Kuwait’s Alshaya Group to sell its brands in franchised Debenhams stores and online in the Middle East. Alshaya, which already holds the franchise to operate Debenhams stores in the region, will have exclusive rights to operate its shops and websites in Kuwait, Saudi Arabia, United Arab Emirates, Bahrain, Egypt, Oman and Qatar. Boohoo, known for its fast-fashion dresses and going-out clothes, bought the Debenhams brand and website out of administration for £55m in January, after the 243-year-old chain collapsed in 2020. All Debenhams stores have since disappeared from the UK high street but it lives on in shopping centres across the Middle East. Boohoo’s brands will be available in Debenhams stores in the region from the autumn, and online from early next year. Boohoo’s chief executive, John Lyttle, said the deal was a further step in the integration of Debenhams into the group. “The Debenhams brand has been popular in the region for a number of years so this is a great opportunity to build on the existing brand awareness, while expanding the product ranges and brands available to customers,” he said. “It also offers a new route to market for brands within the Boohoo group, raising their profile in a growing new market.” John Hadden, the chief executive of Alshaya Group, said Debenhams was already a well-loved brand across the Middle East. “We look forward to enhancing customer choice by bringing exciting new fashion brands to the region and by expanding the Debenhams brand online,” he said. Debenhams was one of many former high street stalwarts snapped up by Boohoo during the pandemic. It now owns brands including Karen Millen, Coast, Warehouse and Oasis, and acquired the Dorothy Perkins, Wallis and Burton brands that were previously part of Sir Philip Green’s collapsed Arcadia fashion empire. The company said it had 18 million active customers across all its brands globally at the end of February. Boohoo has enjoyed booming sales during the pandemic as shoppers shrugged off revelations about treatment of workers in factories making its clothing in the UK and overseas. News of the Alshaya deal comes days after Boohoo’s online rival Asos announced it had reached an agreement with the US department store chain Nordstrom to sell Topshop clothing in its 350 stores and on its website. Asos bought the Topshop, Topman, Miss Selfridge and activewear HIIT brands in March after the collapse of Arcadia.

The Gaurdian

Boohoo to sell its brands in Debenhams stores in Middle East

14 Jul, 2021

The Gaurdian

Boohoo to sell its brands in Debenhams stores in Middle East

14 Jul, 2021

The Gaurdian

Equinox Partners with Alshaya Group to Bring Portfolio of Influential Lifestyle Brands to the Middle East

18 Dec, 2019

Equinox Group, a high growth collective of the world’s most influential lifestyle brands, today announces its first move into the Middle East through a multi-market partnership with Alshaya Group, a leading international franchise operator, to bring three unparalleled fitness brands to the region: Equinox Fitness Clubs, SoulCycle and Blink Fitness. The partnership spans Alshaya’s many operating markets, with initial opening plans focused on Dubai in late 2020. Equinox is an innovative industry leader, masterfully connecting fitness, experiences and community across its portfolio of brands. Each brand will come to the market with a distinct proposition: Equinox Fitness Clubs offer bespoke results-focused programming and luxury amenities, SoulCycle, a unique studio-cycling experience and Blink Fitness, a premium yet affordable membership model. All three will answer the growing demand for world-class lifestyle brands in the Middle East. This is a seminal moment for Equinox, marking a period of extensive global expansion,” commented Harvey Spevak, Executive Chairman and Managing Partner of Equinox Group. “We are committed to answering demand for the Equinox lifestyle, anticipating the needs of our community and meeting them in key cities around the globe. Partnering with Alshaya is key to our success, they are talented and discerning executors, whose philosophy and approach to luxury aligns perfectly with ours. Together, we will create a never-before-seen category of lifestyle destinations across the Middle East.” “We are very excited about our new partnership with Equinox Group which marks an important new diversification of our business,” adds Mohammed Alshaya, Executive Chairman of Alshaya Group. “There is a growing demand in the region for innovative brands which reach beyond fitness and into health and well-being. We look forward to introducing Equinox Fitness Clubs, SoulCycle and Blink to new customers in the Middle East and beyond.” Equinox: Founded in 1991, Equinox was built on the notion that fitness can empower a life well-lived and foster a strong community of high performance individuals. Nearly 30 years later, Equinox continues to lead and disrupt the category it singularly defined, operating over 100 full-service Clubs globally across major US cities including New York, LA, Miami and San Francisco as well as London, Toronto and Vancouver, each featuring bespoke design in an unparalleled luxury environment. Grounded in the core tenets of Movement, Nutrition and Regeneration and backed by a Health Advisory Board of industry-leading experts across these disciplines, the company offers a holistic approach to fitness, inclusive of Equinox signature group fitness classes, personal training, Pilates, spa services, apparel, experiential travel and food & beverage. SoulCycle: SoulCycle transformed boutique fitness with the launch of its signature indoor cycling class in New York City in 2006, and has since continued to innovate and grow its community. There are currently more than 95 studios across North America, Canada and the United Kingdom. In addition to offering a one-of-a-kind experience, studios are popular retail destinations, and the brand recently launched its first proprietary apparel collection, Soul by SoulCycle. Website: www.soul-cycle.com Instagram: Instagram.com/soulcycle. Blink Fitness: Blink is a premium but affordable fitness brand that is challenging conventional fitness stereotypes. Through its revolutionary philosophy of Mood Above Muscle®, Blink celebrates how exercise makes you feel versus how it makes you look. Blink has 140 locations open or in development throughout the United States. Blink has been ranked on the Inc. 5000 list three times, was recognized as one of the top health clubs by Club Industry and was selected as the best budget gym chain by Men's Health. Website: Blink Fitness.

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