http://www.arafaholding.com/ Latest news from Arafa Holding http://www.arafaholding.com/h12012earningsrelease http://www.arafaholding.com/h12012earningsrelease Mon, 15 Oct 2012 09:10:10 +0100 http://www.arafaholding.com/arafaholdingq12012financials http://www.arafaholding.com/arafaholdingq12012financials Tue, 17 Jul 2012 16:30:56 +0100 http://www.arafaholding.com/arafaholding9m2011pressrelease http://www.arafaholding.com/arafaholding9m2011pressrelease Tue, 13 Dec 2011 12:24:29 +0000 http://www.arafaholding.com/arafaholding1h2011results http://www.arafaholding.com/arafaholding1h2011results <p>Arafa Holding Reports its 1H 2011 Results</p> Thu, 15 Sep 2011 12:00:17 +0100 http://www.arafaholding.com/arafanewjvwithzegna http://www.arafaholding.com/arafanewjvwithzegna <p><span style="font-size: x-small;"><strong>Al Arafa for Investment & Consultancies ("Arafa Holding - AIVC"); the largest garment manufacturer and retailer in the region announces today the signing of a 50:50 Joint Venture agreement with the leading luxury men's wear group "Ermenegildo Zegna" to establish a Shirt manufacturing company in the governorate of Beni Sweif under the name of "CAMEGIT for Garment Manufacturing".</strong></span></p> Tue, 06 Sep 2011 00:00:00 +0100 http://www.arafaholding.com/arafaholdingdistributinga15sharebonus http://www.arafaholding.com/arafaholdingdistributinga15sharebonus <p><span style="font-size: x-small;">Arafa Holding is pleased to announce the increase of its paid in capital from USD 52,250,000 to USD 62,700,000; an increase of USD 10,450,000 distributed over 52,250,000 shares, whereby the total number of shares will reach 313,500,000 with a par value of USD 0.2/share. The capital increase will take place through issuing a 1:5 stock dividend as per the resolution of the GAM held on May 25th 2011. Shareholders as of August 15th, 2011 are eligible to receive the stock dividend and the stock distribution will take place on August 16th, 2011.</span></p> Mon, 05 Sep 2011 08:36:47 +0100 http://www.arafaholding.com/aivcstandalonefy2010 http://www.arafaholding.com/aivcstandalonefy2010 Wed, 11 May 2011 10:41:06 +0100 http://www.arafaholding.com/aivcconsolidatedfy2010 http://www.arafaholding.com/aivcconsolidatedfy2010 Wed, 11 May 2011 10:38:23 +0100 http://www.arafaholding.com/pressreleaseyearendresults2010 http://www.arafaholding.com/pressreleaseyearendresults2010 <p> </p> Wed, 11 May 2011 10:19:59 +0100 http://www.arafaholding.com/arafafurtherexpandsintoeuropethroughforall http://www.arafaholding.com/arafafurtherexpandsintoeuropethroughforall <p><span style="font-size: x-small;"><span style="font-family: "><span><br /></span></span></span></p> Wed, 06 Oct 2010 00:00:00 +0100 http://www.arafaholding.com/thirdquarter9monthsresultsfortheperiodendedoctober http://www.arafaholding.com/thirdquarter9monthsresultsfortheperiodendedoctober Tue, 14 Sep 2010 01:00:00 +0100 http://www.arafaholding.com/swissgarmentscompanyhasmeritedthegenderequityseal http://www.arafaholding.com/swissgarmentscompanyhasmeritedthegenderequityseal Thu, 05 Aug 2010 01:00:00 +0100 http://www.arafaholding.com/1sthalfresults http://www.arafaholding.com/1sthalfresults <p><span class="Subheading"><span style="color: #000000;">Despite of the difficult economic global conditions and the concurrent shrinkage in retail spending, AIVC has shown extreme resilience and was still able to post positive operating results. While operations are not immune to the effects of the economy, the strength of the company's vertically integrated model and soundness of its approach has enabled it to remain profitable, retain & expand its client base. AIVC continues to focus on managing operational expenses and investing in long-term opportunities to deliver value to all stakeholders.</span></span></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; line-height: 110%; text-align: justify;"><span class="Subheading"><span style="color: #000000;"> </span></span></p> <p class="Subheading" style="margin: 0in 0in 8pt; line-height: 110%; text-align: justify;"><span style="color: #000000;">AIVC posts net profit after minority interest of US$ 5.5 million for the six month period ended 31 July 2009 vs. US$ 15.9 million for the six month period ended 31 September 2008.</span></p> <p><span style="color: #000000;"> </span></p> Tue, 15 Sep 2009 11:01:55 +0100 http://www.arafaholding.com/forallacquirescerrutilicense http://www.arafaholding.com/forallacquirescerrutilicense Mon, 03 Aug 2009 13:34:14 +0100 http://www.arafaholding.com/forall35acquisition http://www.arafaholding.com/forall35acquisition <p>ARAFA HOLDING acquires a 35% stake in <br />Forall Confezioni S.p.A (Pal Zileri)</p> <p>Cairo, December 15th 2008: Al Arafa for Investment and Consultancies S.A.E. ("ARAFA HOLDING") is pleased to announce that it has signed a definitive agreement for the acquisition of a 35% stake in Forall Confezioni S.p.A. ("FORALL GROUP") for a total consideration of Euro 25.3 million. The acquisition will take place in the form of a capital increase that will be fully subscribed to by ARAFA HOLDING and that values FORALL GROUP at a pre money equity value of Euro 47 million (post money value of Euro 72.3 million). <br />With cash and bank facilities in excess, ARAFA HOLDING has seized the right moment to close such a favorable deal. <br />Established in 1970 in Vicenza, Italy, FORALL GROUP is the owner of several prestigious brands as "PAL ZILERI" and "LAB. by Pal Zileri" among the others. Considered one of the top menswear brands all over the world, PAL ZILERI owes its brand awareness to the high quality of its products, fully styled and manufactured in Italy. PAL ZILERI has also a high standing distribution, developed through high-end locations in several countries including both consolidated markets like Italy, France, Spain, Switzerland, Germany, United Kingdom, Russia, the United States, Japan and emerging ones like China, India, Saudi Arabia and Qatar among others.<br />In its audited financial statements for the year ended December 2007, FORALL GROUP reported total revenues of Euro 136 million with an EBITDA of Euro 10.4 million.</p> <p> </p> Mon, 15 Dec 2008 12:16:47 +0000 http://www.arafaholding.com/firstquarteroffiscalyearendingmar09 http://www.arafaholding.com/firstquarteroffiscalyearendingmar09 <p>Cairo, Egypt - 12th of August 2008</p> <p>Al Arafa for Investments and Consultancies "Arafa Holding" released its consolidated results for the first Quarter ending June 30th 2008.</p> <p>The Consolidated Revenues recorded US$ 103.5 million in the first quarter ending June 30th 2008 compared to the achieved level of US$ 71.3 million in the first quarter ending June 30th 2007, a 45.3% increase. This increase was mainly attributed to the acquisition of SRG in the retail segment and the increase in the Apparel and Tailoring sales by 28.4%, from US$ 20.7 million to US$ 26.6 million.</p> <p>The Holding Company's Gross Profit amounted to US$ 41.3 million in the first quarter ending June 30th 2008, which represents an increase of 66.6% compared to the previous quarter levels of US$ 24.8 million.</p> <p>Net Profits after Tax and Minority Interest recorded US$ 8.0 million in the first quarter ending June 30th 2008, which represents an increase of 12.0% compared to the achieved level of US$ 7.2 million in the first quarter ending June 30th 2007.</p> Thu, 21 Aug 2008 09:21:51 +0100 http://www.arafaholding.com/arafaholdingmakesnewacquisitions http://www.arafaholding.com/arafaholdingmakesnewacquisitions <p>Cairo, 12th of March 2008</p> <p>Al Arafa for Investment and Consultancies “Arafa Holding” is pleased to announce the following acquisitions:</p> <ul> <li>On March 11th 2008 the Company signed a share purchase agreement with Speciality Retail Group Acquisitions Limited, a company in which Gresham LLP (Private equity house) is the majority shareholder, to acquire 100% of Speciality Retail Group Limited “SRG”. SRG is one of the United Kingdom’s leading menswear retailing chains under the brand names of Suits You, Racing Green and Youngs. The company is running a total of 71 stores, of which 40 stores are located in high street and 31 in outlets malls. The company’s turnover amounts to GBP 63 million with an expected return on sales of 3%.<br />Arafa Holding signed an exclusivity agreement with the owners for a period of one month starting Feb. 1st 2008. During this period a complete Due Diligence process took place led by Simmons & Simmons, legal firm, and Pricewaterhouse Coopers, accountant firm. The completion date of the transaction is set on March 31st 2008. The purchase price will be announced upon completion.<br />SRG would represent Arafa Holding’s retail arm in the UK, in addition to its concessionaire’s arm represented by BMB and its wholesale’s arm in Europe represented by Melka International. Melka Trading has currently 7 distribution offices in 7 European countries. This structure strengthens the Company’s position as retailer, distributor and wholesaler of menswear in Europe.</li> <li>Through its wholesale’s arm, Melka International, Arafa Holding signed an agreement to acquire the wholesale business of John Langford that owns the brands of Piscador, Pierre Sangan and Haynes & Bonner. Additionally, the Company will acquire the Pierre Cardin licenses for men’s formal shirts. The agreement will be effective on July 1st 2008 and is expected to generate sales of GBP 9 million associated with net profits of GBP 1 million. The acquisition cost amounted to GBP 1 million.</li> </ul> <p>The Arafa Holding’s Board of Directors believes that these developments and the others which are currently being studied would ensure the continued growth of the Company to meet the aspirations of our esteemed investors. The above deals represent almost 50% of the Company’s current turnover.</p> Wed, 12 Mar 2008 00:00:00 +0000 http://www.arafaholding.com/arafaholdingsfinancialstatementsforthefirstninemon http://www.arafaholding.com/arafaholdingsfinancialstatementsforthefirstninemon <p>Cairo, 6th of March 2008</p> <p>Arafa Holding's financial statements for the first nine months (from 1st of April 2007 till 31st of December 2007) of the fiscal year ending 31st of March 2008 are here annexed and compared with the parallel period of the previous year.</p> <p>Results are in line with our budget (net profit up 26%) and expectations for the full year, forecast a net profit comfortably exceeding 30 million $.<br />The remarkable slowdown in UK retail sales during December 2007 has not negatively affected the performance of our BMB subsidiary also because formal menswear sector is normally less volatile than general clothing market.</p> <p>We are just completing a due diligence requested for the acquisition of a retail Company in UK; we are confident to positively conclude the operation within the end of this month.<br />Our forecasts for the next fiscal year (April 2008 – March 2009) are targeting a net profit in the range of 36 ÷ 37 million $.</p> Thu, 06 Mar 2008 00:00:00 +0000 http://www.arafaholding.com/arafaholdingreleasesresultsforthefiscalyearendingm http://www.arafaholding.com/arafaholdingreleasesresultsforthefiscalyearendingm <p>Cairo, Egypt – 17th of June 2007</p> <p>Al Arafa for Investments and Consultancies "Arafa Holding" released its consolidated results for the fiscal year ending March 31st 2007.</p> <ul> <li>The Consolidated Revenues recorded US$ 292.4 million in the fiscal year ending March 31st 2007 compared to the achieved level of US$ 275.3 million as per the pro forma Consolidated Revenues of the fiscal year ending March 31st 2006, a 6.2% increase. In 2007, international business represented 89.9% of the holding’s Consolidated Revenues.</li> <li>The holding company’s Gross Profit amounted to US$ 96.8 million in the fiscal year ending March 31st 2007, which represents an increase of 13.8% if compared to the pro forma consolidated results of US$ 85.1 million achieved in the fiscal year ending March 31st 2006.</li> <li>EBITDA increased by 29.1% reaching US$ 36.03 million in the fiscal year ending March 31st 2007 compared to the consolidated results of the fiscal year ending March 31st 2006. EBITDA margin recorded 12.3% in 2007 up from 10.1% in 2006.</li> <li>Net Profits after Tax and Minority Interest recorded US$ 24.2 million in the fiscal year ending March 31st 2007, which represents an increase of 28.5% compared to the achieved level of US$ 18.8 million as per the pro forma consolidated results of the fiscal year ending March 31st 2006.</li> </ul> <p><strong>Revenues Breakdown by Segment:</strong></p> <p>The Holding Company's Consolidated Revenues is generated from three segments; Retail, Apparel & Tailoring, and Textile:</p> <ul> <li>The Retail Segment continues to be the largest contributor of the holding company’s revenues representing 66.2% of the company’s Consolidated Revenues. In 2007, the Retail Segment’s sales amounted to US$ 193.7 million compared to US$ 189.3 million in 2006, which represents an increase of 2.3%. In 2007, the slowdown in the UK market was reflected on BMB’s revenues that reached GBP 88.9 million down from GBP 94.5 million in 2006. However, the positive results of the restructuring of BMB was mirrored on the company’s bottom line profits that reached GBP 1.01 million in 2007 compared to net losses of GBP 0.43 million in 2006. On the other hand, Concrete, the holding company’s local retailer, showed a strong growth in terms of revenues and profits. The company’s revenues reached LE 135.3 million up from LE 92.8 million, while bottom line profits recorded LE 37.5 million up from LE 17.9 million.</li> <li>The Apparel & Tailoring Segment, which represents 31.1% of the Consolidated Revenues in the fiscal year ending March 31st 2007, recorded revenues of US$ 91.0 million up from US$ 78.7 million in 2006, an increase of 15.7%.</li> <li>The Textile Segment which contributes to 2.6% of the holding company’s Consolidated Revenues recorded revenue of US$ 7.6 million in 2007 compared to US$ 7.3 million in 2006, an increase of 4.7%.</li> <li>In terms of bottom line profits, the Apparel & Tailoring Segment continued to be the main generator of profitability. In 2007, the Net Profits after Tax and Minority Interest amounted to US$ 24.2 million, of which 60.7% was generated from the Apparel & Tailoring Segment, followed by the Retail Segment,30.9%, with the balance of 8.4% generated from the Textile Segment.</li> </ul> <p><strong>Vertically Integrated Business Model:</strong></p> <p>The vertically integrated operations represent one of the key strengths of the holding company’s business model.</p> <ul> <li>As of March 2007, 17.1% of the Apparel & Tailoring Segment’s Gross Revenues were directed to the holding company’s Retail Segment.</li> <li>As of March 2007, 54.4% of the Textile Segment’s Gross Revenues were directed to the holding company’s Apparel & Tailoring Segment.</li> </ul> <p><strong>Recent Developments:</strong></p> <p>In line with the strategy to grow its international profile, the holding company acquired the Melka brand and its European distribution channels during the second quarter of 2007. Melka is a highly recognized Swedish menswear brand that has been retailed across Europe for more than 60 years through nearly 1,600 retailers. Arafa Holding will capitalize on its vertically integrated business model and its competitive manufacturing capabilities to improve Melka’s current supply chain and accordingly its margin. On the other hand, Melka’s distribution channels will be used for distributing the Querini brand at the first stage, and then it will be followed by the Concrete brand to penetrate the international market.</p> <p><strong>Comment from Chairman:</strong></p> <p>Dr.Alaa Arafa, Arafa Holding Chairman and CEO, commented:” We still have two acquisitions to consider in 2007; however, it will always be our main aim to improve and benefit from the targeted companies’ supply chain. Additionally, we are currently finalizing a long term business relationship with one of the most reputable and sizable brand in the menswear. The start up is scheduled during the first quarter of 2008”.</p> Sun, 17 Jun 2007 01:00:00 +0100 http://www.arafaholding.com/arafaholdingacquiresswedishbrandmelka http://www.arafaholding.com/arafaholdingacquiresswedishbrandmelka <p>Cairo, 17th of April 2007</p> <p>Arafa Holding is pleased to announce that it has today signed to acquire the Swedish brand Melka from its owner. Melka is a pan European men’s casual wear business with over 1,800 accounts throughout Europe serviced via 7 regional offices and the addresses are as follows:</p> <p>Main offices: (6 excluding the UK)</p> <ul> <li>Norway<br />Brobekkveien 38<br />NO-0598 Oslo<br />Norway</li> </ul> <ul> <li>Portugal<br />Alameda António Sérgio, 7-1° B,<br />Piso-Sala I<br />Edificio Empresarial<br />PT-2795-023 LINDA-A-VELHA<br />Lisbon, Portugal</li> </ul> <ul> <li>Belgium<br />Avenue de L'Atomium - Atomiumlaan<br />Fashion Gardens, Firenze 118, BP/PB 116<br />BE-1020 BRUXELLES – BRUSSELS</li> </ul> <ul> <li>Sweden<br />Lilla Nygatan 20<br />Stockholm</li> </ul> <ul> <li>Netherlands<br />PO Box 69099<br />1060 CB Amsterdam<br />Holland</li> </ul> <ul> <li>Denmark<br />Lyngbyvej 16 2.sal<br />DK-2100 Copenhagen<br />Denmark</li> </ul> <p>A spokesman for Melka has stated, “We are very pleased to be able to place the brand with a new strong parent. With the Arafa Holding’s extensive menswear experience they are uniquely placed to bring Melka forward and realize its full potential”.<br />The acquisition will be managed on behalf of the Holding by Peter Lucas, non Executive Chairman of the Retail Division of the Arafa Holding. The Group’s BMB subsidiary based in England will be coordinating and managing activities of the new team.<br />Commenting on the acquisition Dr Alaa Arafa said, “This will be the first of a number of acquisitions the Holding will be making spearheaded from its Retail Division and targeting quality brands primarily in the European sector. We are pleased to have Melka as part of our portfolio as it compliments our Holding activities”.</p> Tue, 17 Apr 2007 01:00:00 +0100 http://www.arafaholding.com/arafaholdingawardedforfivestarrecognitionfrommacys http://www.arafaholding.com/arafaholdingawardedforfivestarrecognitionfrommacys <p>Cairo, Egypt – 18th of March 2007</p> <p>Arafa Holding (Apparel & Tailoring segment) is announcing that, for the fifth consecutive time, is awarded for FIVE STAR recognition from Macy's.</p> Sun, 18 Mar 2007 00:00:00 +0000 http://www.arafaholding.com/arafaholdinginpreliminarycontactswithhugoboss http://www.arafaholding.com/arafaholdinginpreliminarycontactswithhugoboss <p>Cairo, Egypt – 24th of January 2007</p> <p>Arafa Holding is announcing that preliminary contacts with Hugo Boss (leading Company boasting a worldwide recognized brand) have resulted in orders for garments to be produced and delivered within March 2007.</p> Wed, 24 Jan 2007 00:00:00 +0000 http://www.arafaholding.com/mrpeterlucastakingroleofchairmanofalarafaforinvest http://www.arafaholding.com/mrpeterlucastakingroleofchairmanofalarafaforinvest <p>Cairo, Egypt – 22nd of January 2007</p> <p>Arafa Holding is announcing that Mr. Peter Lucas will be assuming a new executive role at the Company as Chairman of Al Arafa for Investment in Marketing and Distributing Garments, the Company in charge of all the Group’s retail operations.</p> <p>In addition to Mr. Lucas’s current responsibilities of managing the BMB Group (Arafa’s retail arm in the United Kingdom) Mr. Lucas will also be in charge of all the Company’s retail operations including acquisitions and joint ventures in the retail sector. Dr. Alaa Arafa, Chairman and CEO of Al Arafa for Investments and Consultancies was quoted “We are excited about leveraging Peter’s experience in the retail sector to expand our retail arm. Peter’s experience and background will help the Group grow further in Europe through future acquisitions and joint ventures.”</p> <p>From his side, Mr. Peter Lucas declared "I am committed in doubling our Retail sector in three years through Acquisitions and Joint Ventures of companies of correct dimension, owning good brands and synergetic with our Holding".</p> Mon, 22 Jan 2007 00:00:00 +0000