Almana Fashion Group

Al Mana is one of the largest and most diversified groups in the region, operating with over 55 companies under the umbrella across 8 countries, employing over 3,500 personnel and growing. Al Mana Retail, Al Mana Fashion Group, Al Mana Fashion Group - Sports, Al Mana Fashion Group - Eyewear, Al Mana Fashion Group - Mango, Al Mana Fashion Group - BHS, Al Mada Trading - Zara, Al Mana Luxury, Al Mana Interiors, Al Mana Lifestyle, Ikram Group, Al Mana Jewellery, Al Mana Malls, Al Mana Media, Flik Cinemas, and Al Mana Entertainment are just some of the divisions that fall under the Al Mana umbrella. Operating within a multiplicity of industries ranging from retail, automotive distribution and services, real estate and investments, F&B, engineering, technology, media and entertainment. The Group covers most areas of retail including luxury goods, beauty, fashion, home interiors, watches and jewellery. Al Mana operates over 300 outlets, and represents some of the largest, renowned and most successful brands in the world. The Group is owned and operated by Hisham Saleh Al Mana, Kamal Saleh Al Mana and Wissam Saleh Al Mana, sons of the late Saleh Al Hamad Al Mana, in their capacity as Managing Directors.

9 Aug 2016

Qatar’s Al Mana acquires BHS’ international franchising business

Qatari conglomerate Al Mana has acquired the international franchising business and all domain names of struggling British retailer BHS. In a statement on its website, the firm said it concluded the deal on June 30. “The group’s vast expertise, global reach and experience in retail will benefit this new acquisition into a steady and profitable operation,” it said. “Al Mana intends to enhance the retail offer, expand into new territories and develop the online presence of the brand.” The exact details of the deal have not been disclosed. The UK’s Sky News reported last week that it included more than 70 stores and the BHS website. The Qatari company, which runs some of BHS overseas outlets, is understood to have been in talks for several weeks. BHS entered administration in April after accruing debts of more than £1bn ($1.4bn) and failing to find a buyer. Retail Acquisitions acquired the firm for the nominal value of £1 in March 2015. It is unclear whether Al Mana will continue to franchise the international stores it does not own, some of which are based in countries including Libya and Mongolia. Elsewhere, the BHS franchise in Dubai and Sharjah is owned by Al Maya Group, while those in Saudi Arabia, Kuwait and Oman belong to Kuwait’s Alshaya, according to the Financial Times.

United States of America · 2 Jul 2016