Passionate about retail.
Transcription
Passionate about retail.
Passionate about retail. Marka. Passionate about retail. 1. Who we are 2. What we offer 3. Our People 4. Our Strategy 5. Our Core Segments 6. Meet the Brands we love Vision To establish ourselves as the premier retail operator in the UAE and across the GCC, offering value to our customers through high quality products and services at optimum cost, while generating value for our shareholders and giving back to the communities in which we operate. Mission TO DELIVER excellence through creative and customized products and services of the highest quality. TO INNOVATE consistently and add value to our products and services. TO COMBINE our deep market knowledge and retail expertise to achieve ultimate customer satisfaction. TO FOLLOW an ethical code of corporate conduct with our employees, business partners, customers and the communities in which we operate. TO BE RECOGNISED a modern Emirati organization with progressive and dynamic leadership that is supported by highly professional, committed and loyal employees. TO ACHIEVE a better lifestyle for our customers, superior returns for our shareholders and offer advanced opportunities to our employees and stakeholders. Who we are 2014 - Marka is a newly launched retail operating company committed to partnering with exciting, world renowned brands and investing in local brands in need of scale, retail knowledge and expertise. HQ - Headquartered in Dubai, we target the mid-to-highrange products sectors across sport, fashion and hospitality. Growth - We pursue a growth strategy focused on franchise agreements, unique retail concept development and strategic acquisitions. We bring a strong entrepreneurial approach. We’re big on partnership and transparency. Founders – Marka was founded by an elite group of UAE nationals including leading businessmen and investors, along with a select group of expatriate investors. IPO - Marka was the first company to IPO on the Dubai Financial Market (DFM) since 2009 – sending a clear message of confidence in our strategy and the region’s retail sector. DFM – Marka shares commenced trading on 25 September, 2014, under the symbol “MARKA”. What we offer We combine a deep understanding of local consumer trends with business development capabilities and financial leverage to provide the strongest platform for brands to expand in the region. All the transparency and corporate governance that only a public listing can offer Well funded World class management team with decades of retail expertise A retail based six-member Board of Directors, second to none in the region. A clear focus on Sports retail, Fashion and Hospitality. Marka’s Board of Directors – A Competitive Advantage Jamal Al Hai – Chairman of the Board In addition to serving as the Chairman of Marka, Mr. Al Hai is the Executive Senior Vice President of Dubai Airports. He has helped with the rapid growth of Dubai International Airport, one of the fastest growing airports in the world and recognized as the aviation hub of the Middle East. Mr. Al Hai is currently working on the rapid expansion of Dubai World Central (DWC) airport, expects to host 25-30 airlines by 2015 and after completion is expected to be the largest airport in the world. Mr. Al Hai is the Chairman of ExecuJet Middle East, an aircraft management provider of private leasing jets, jet services and maintenance; Global Jet, flights and leasing aircrafts; Alpha Tours, airline ticketing, fleet of buses for tourism, a cruise ship, and hotels; ALPHA-55, a group of companies representing international companies in the fields of simulator, soil testing and sports fields (indoor and outdoor); and Al Hai Motors, which represents three different Chinese car manufacturers with a showroom and a facility for parts and services. Mr. Al Hai was a former member of FNC – Federal National Council UAE Parliament, representing the Emirate of Dubai. Mr. Al Hai is a current member of the Canadian Business Council and the Dubai Airshow Supreme Committee. Khaled Almheiri – Vice-Chairman As the Vice Chairman of Marka, Mr. Almheiri focuses on strategic direction, business development, and investor and regulatory relations. He is also the founder and CEO of Evolvence Capital, where he holds operational management and board mandates of various Evolvence Capital initiatives and is the chairman of Evolvence India Fund; Repton Dubai, the first overseas partner school of the prestigious UK public school; Evolvence India Life Sciences Fund, a private equity fund focusing on pharmaceutical and biotechnology companies in India; and Evolvence Knowledge Investments, formed to promote educational institutions in the GCC. Mr. Almheiri has successfully established franchised operations in the GCC region for reputed international brands such as Nina Ricci, Vogue, Zadig and Voltaire, among others. Mr. Almheiri also currently serves on the board of Arady Real Estate, and Amzaan. Prior to founding Evolvence Capital in 2000, Mr. Almheiri worked in the North America Department of the Abu Dhabi Investment Authority (ADIA) where he specialized in technology and telecommunication equity investments. Mr. Almheiri holds a B.S. in Finance from Saint Louis University, Missouri, USA. Marka’s Board of Directors – A Competitive Advantage Abubaker Al Khoori – Director Abubaker Al Khoori is the Chairman of Aldar Properties P.J.S.C. and was previously the Managing Director of Sorouh Real Estate P.J.S.C. Mr. Al Khoori has more than 13 years of experience in the fields of finance and investment in private equity funds and direct deals in Western Europe, Eastern Europe and Asia. Prior to joining Sorouh, Mr. Al Khoori worked as the Assistant Director of the Abu Dhabi Investment Authority (ADIA), where his role was to oversee the Private Equities Portfolio of ADIA. He was also responsible for the daily operation of the department and its investments globally. He was seconded by ADIA in 1998 to Advent International in the UK and the United States for six months, where he worked on direct deals with the Advent team. Mr. Al Khoori holds a Bachelor Degree in Finance from Linfield College in McMinnville, Oregon, USA. He is a certified Chartered Financial Analyst (CFA) and a member of AIMR. He also completed the Executive Business Program at the Harvard Business School in 2001. Hamad Al Shamsi – Director Hamad Al Shamsi is the CEO of Private Investment Company whose objectives inter alia, encompasses investments and large scale real estate development projects. Mr. Al Shamsi served in the Abu Dhabi Investment Authority prior to gaining the Private Department of the Late His Highness Sheikh Zayed Bin Sultan Al Nahyan. Furthermore, Mr. Al Shamsi is represented in the Board of Directors of several leading Government and Private Institutions engaged in commercial, financial, aviation and service based activities. Mr. Al Shamsi is a graduate in Business Administration from UAE University, Al Ain and, also, has an MBA in Business Administration majoring in Finance and Banking. Marka’s Board of Directors – A Competitive Advantage Mohammad AlQahtany – Director Mohammad AlQahtany is the Managing Director of Abwab Capital, a DIFC regulated Investment Company. Under his leadership he oversaw a fundamental restructuring of Abwab Capital (formerly Univest Capital) into an investment boutique firm focusing on GCC investment banking transactions and asset management. Mr. AlQahtany is also the Chairman and Managing Director of First Equilease, a leading leasing company in Kuwait with a focus on providing equipment leasing solutions for the GCC construction market. Previously, Mr. AlQahtany was the founder and CEO of Alaman Investment Company, a leading Shariah-compliant investment bank listed on the Kuwaiti Stock Exchange. Under his leadership, Alaman was considered to be one of the largest Islamic firms in terms of assets under management in the GCC. Prior to joining Alaman, Mr. AlQahtany was the Deputy General Manager of Industrial and Financial Investments Company (IFIC), a publicly listed investment company on the Kuwaiti Stock Exchange. During his time at IFIC, Mohammad was part of the team that launched the first ever private equity fund in Kuwait (Direct Investment Fund) in1998, the first Islamic venture leasing fund (Commvest Ijara) in 2000 and the first Kuwaiti internationally recognized index fund in Kuwait (IFIC Dow Jones Kuwait Index Fund) in 2005. Mr. AlQahtany is a Certified Public Accountant (CPA) from American Institute of Certified Public Accountants (AICPA). He holds a Masters degree with honors in Accounting from the University of Miami (Florida, USA) and a bachelor’s degree in Accounting from Kuwait University. Jamal Abdulla Ali Al Shaafar – Director Jamal Abdulla Ali Al Shaafar is the CEO of Al Masaood Group. The Al Masaood Group was established more than fifty years ago and has grown under the guidance of Mr. Al Shaafar from being a small trading house, to one of the largest trading and commercial organizations in the UAE and the Middle East. Mr. Al Shaafar is a partner at 365 Marine Services Centre Co., which provides solutions, repair and maintenance of marine equipment and engines; and Emirates Mountain Valley Water, an American premium domestic bottled water. Emirates Mountain Valley Water is a two time gold medal winner of “The Best Water in the World” spring water and silver medal winner for sparkling water in the USA. Mr. Al Shaafar holds a B.S. in Business Management from Southeastern University, Washington D.C., USA. Our people – A Competitive Advantage Nick Peel – Chief Executive Officer Nick is a retail veteran whose 25 year career has spanned multi channel retail, operations, property, commercial, digital and brand experience, the majority in senior management and board level positions. His experience includes blue chip companies such as Arsenal Football Club, Land Securities, Scottish Media Group, Rangers Football Club, John Menzies, WM Morrisons, and Halfords. Prior to joining Marka, Nick was the UK Operations Director and Country Manager for McArthur Glen, overseeing six designer outlet shopping centers. He has worked with leading brands including Polo Ralph Lauren, Hugo Boss, Calvin Klein, Reiss, Jaeger, Kurt Geiger, Radley and Burberry. Wassim Ghalayini Chief Financial Officer Wassim has 25 years of finance and audit expertise. He has worked with leading regional companies including Al Ghurair Group and Masafi Mineral Water Company. In addition, he has extensive operational experience supporting expanding businesses gained as Director of Finance of American University of Sharjah and the University of Sharjah; during his tenure university grew from 700 to more than 10,000 students. Fatima Hussein Chief Legal Officer With more than 13 years of legal experience, Fatima has extensive experience working in the UAE, especially on corporate governance, franchising, joint ventures, shareholding agreements, with a special focus on the retail and F&B sector. Prior to joining Marka, she served as Vice Chairman and General Legal Counsel at Al Salman Advocates & Legal Consultants and was a Senior Associate at HLP law firm for six years. Mike Thompson MD, Marka Sports Ravi Chandran MD, Marka Hospitality Ravi is responsible for driving Marka’s growth strategy in the F&B segment, as well as operational oversight and full P&L responsibility for the business segment. His career spans 26 years in hospitality and retail across Europe and the Middle East. For the past 16 years, he has served in senior management positions for multibranded food and beverage operations. Having carved a name for himself working with names like Hyatt Hotels and Emirates Airlines Group, Ravi is focused on growing Marka Hospitality’s home-grown concepts and franchises. Mike’s experience is backed by 27 years of industry expertise, with in-depth knowledge of global markets at a multi-channel level, along with a strong comprehension of emerging macro trends, having spent extensive time in the USA, APAC and EU regions. His career has been balanced by both corporate US and Italian family-owned business experience and includes previous roles as Senior Vice President (international business development and licensing) spanning 30 countries at Freddy SPA, European Commercial Director at Timberland, and General Manager at Sergio Tacchini. Richard Mudie Director of Business Development Richard has more than 30 years experience including 10 years in the Middle East with the region’s largest private retail operating companies including Chalhoub, Alshaya and Landmark Group, where he was responsible for securing major franchise agreements with international brands in the MENA region. He also has a strong operations background with expertise in P&L management, marketing, HR, finance, buying and merchandising, and visual merchandising. Richard’s experience in property appraisal and lease negotiation will support Marka’s growth and expansion in the UAE. Murat Cinaroglu Finance Director Hany El Sayed Director of Human Capital Hany has worked in multiple sectors and industries and brings a commercial, culturally sensitive style to his work. Prior to Marka, he helped establish FoodQuest. Hany has also worked extensively in the region for Mark & Spencer’s and Carrefour. He has significant experience in the M&A and start-up sectors. Murat has 18 years experience in finance. Prior to joining Marka, he worked for Doğuş Group, one of the leading business conglomerates in Turkey, with a combined asset base of a USD 120 billion. While with Doğuş, Murat was part of the retail entity, responsible for luxury brands such as Gucci, Armani, Porsche Design as well as multi-brand and food and beverage stores. He has also managed business development, finance, accounting, budget, logistics, reporting and IT functions for Louis Vuitton Turkey. Prior to joining Louis Vuitton, he worked at Ottoman Bank as a Financial Controller and at PWC as an Auditor. Leigh-Ann Lanier Director of Marketing, PR & Communications With a multi-sector career spanning the UK, US and Middle East, Leigh Ann has management experience in communications, marketing, brand building, media relations and M&A gained at both publically traded companies and start-ups. Prior to Marka, she led B2B and B2C marketing communications for Dow, a Fortune 100 company and an Olympic Sponsor, with responsibilities for the Middle East, Africa and Turkey. Prior to Dow, she led business development and marketing for URS in the GCC where she gained M&A and operational experience. Our Strategy Initial focus on UAE retail market, worth $66 billion per year Targeting mid- to high-end retail markets across fashion, sports & F&B Position Marka as a preferred franchisee/partner for leading fashion and F&B brands seeking a foothold in the GCC Target fast-growing GCC markets: United Arab Emirates, Saudi Arabia, Kuwait, Qatar. Our Core Segments Become a leader within sports retailing through partnership with leading brands, introducing innovative concepts and growth through acquisitions. Operate leading F&B franchises and home grown concepts across the GCC, and growth through acquisitions. Introduce and operate renowned fashion brands in the UAE and wider GCC. Goal: To create a platform for sports retailing, merchandizing, services and solutions unlike any in the Middle East. Strategy: Maximize the tremendous awareness of and subsequent demand for major sports brands in the region by establishing focused concept stores in partnership with prestigious global sports brands and acquisitions of established players in the region. Market opportunity: The retail sector has seen unprecedented growth growing at a robust pace across the GCC owing to favorable demographics and surging tourism. The sports segment represents a substantial proportion of the overall market and is marked by less competition relative to other segments. Our platform will encompass: Master Franchise Concept stores developed in tandem with leading sportingbrands Strategic acquisitions Vision for 2018 Consolidated revenue of approximately AED 800 million 1,000 strong workforce spanning 50 stores across eight brands Aspirations to be one of the most unique and diverse sports retailing company in the GCC region Long term vision to maximize the entire sports division as a separate listed entity creating substantial shareholder value. Mission: To identify and partner with ‘best in class’ brands across the fashion spectrum with a key focus on the ladies wear, children’s wear, footwear and accessory segments. Goal: To build a focused portfolio of brands in the fashion segment and be the partner of choice for Fashion brands seeking to enter the Middle East market. Market opportunity: The retail sector has been growing at a robust pace across the GCC owing to favorable demographics and surging tourism. The Fashion segment represents a substantial proportion of the overall market and presents huge growth potential for any fashion brands considering an entry into the Middle East. The platform will encompass: Master Franchise Partnerships for the UAE & GCC Region Strategic Acquisitions Joint venture partnerships with leading fashion brands. Mission: To delight our customers through a relentless focus on continuously improving our F&B products and by providing a service that is attainable, accessible and affordable. Goal: To build brand value and deliver an extraordinary customer experience that will allow us to be a premium operator in the region. Market opportunity: The F&B market is growing very fast driven by an expanding population, robust economy, higher disposable incomes, changing consumer habits and a fast-growing dine-out culture. Marka Hospitality will convert these opportunities into successful and sustainable businesses by delivering what the customer wants in a specific markets and demographics. Growth Strategy: Marka Hospitality is pursuing an ambitious growth strategy in the GCC with a balanced combination of operating Franchised F&B concepts with leading brands and unique F&B concepts developed in-house with globally renowned partners. Brand Positioning: Marka Hospitality will focus on diversified Casual, Dining, Fast Casual and Quick Service restaurants and cafes targeting mid-to high-end segments. VISION FOR 2018: • To operate 50 F&B outlets across six GCC countries in 5 years. • Achieve a total revenue of AED 245 million in 2019, with a CAGR of 60% over 5 years. Growth through acquisitions • • • Investment in local UAE businesses with scope for expansion in the UAE, but more importantly in the GCC A handful of brands that we will look to exploit internationally in years 3-5 Case study [placeholder text box] Some of the brands we love & partner with. Marka is thrilled to bring the exclusive UEFA Champions League Experience - the first comprehensive concept destination that captures the prestige, passion, excitement, diversity and international appeal of the highly revered Champions League. “ UEFA Champions League Experience is inspired by the atmosphere, energy and passion of UEFA Champions League football, the destination retail concept will feature a unique combined retail and restaurant offering. Fierce pride and passion sets football apart from all other sports. Champions League Experience will create an innovative, stimulating environment where customers can watch live matches and game highlights while they shop and dine. The essence of the Competition will be captured through strategic visual displays, lighting, and iconic branding of the clubs and UEFA Champions League to stimulate the awe, wonder and thrill of being present at a live match. “ The UEFA Champions League Experience mission is to ensure that each fan’s experience is the best it can be. In December 2014, Marka acquired the Modell’s franchise in the UAE. America’s oldest, family-owned and operated retailer of sporting goods, athletic footwear, active apparel and fan gear, Modell’s provides the excellence it is committed to and known for. “ Modell’s Sporting Goods stands for selection, quality, value, and superior customer service – all backed by a dedication and willingness to go that extra mile to guarantee complete customer satisfaction. “ xxx Chef Heinz Beck holds five Michelin stars and is associated with some of the most popular fine dining restaurants across the world, including Rome, Algarve, Tokyo and Dubai. “ The restaurant will feature a menu of authentic regional Italian cuisine prepared in an innovative and contemporary way, targeting the mid-to high segment of the market at affordable prices. Featuring seasonally updated menu of authentic Italian cuisine, Beck will bring real Italian “gusto” to the tables of the UAE. The concept will be centered around the traditional art of Italian cuisine in a contemporary and relaxed setting that encapsulates the jovial spirit of Italian culture along with their professionalism and passion for fine dining. “ With a dedicated space featuring a personally and carefully curated selection of high quality gourmet products from every corner of Italy, customers can take a piece of Italy home from homemade breads and pizza crusts to irresistible sauces and gelatos. Invoking Diana Vreeland’s famous dictum, Harper’s Bazaar Café will encapsulate the mission of Harper’s BAZAAR to ‘continually reinvent itself to delight, inform and inspire its audience.’ Harper’s Bazaar Café is a living embodiment of the stories, styles and fashion found within Harper’s Bazaar Magazines. A blend of local flavor with international style, creating a truly social space in which to see and experience new things. “ Harper’s Bazaar Cafe is not only about fashion and food, but also art, culture and interiors. The Café will have interactive features showcasing the latest trends in the world of fashion such as live hairstyling and make-up sessions to drive customers into the café. The UEFA Champions League Experience is not complete without a half-time break. Designed as a social and entertaining culinary journey that compliments the retail element, the restaurant will feature a family focused menu that reflects a range of European flavours and cuisines. Customers can relish their delicacies and drinks in a vibrant environment, designed to share the moment while watching live football games on giant screens to deliver authentic UEFA Champions League Experience “ The menu will comprise out of an array of Kick-Off Starters, leading to “Half Time Bites”. To complete the experience, we serve a sweet finale of “Extra Time Dessert” complimented with a variety of mocktails, fresh juices and energy drinks. Ca’puccino will offer discerning customers an authentic Italian experience in a dynamic, premium environment. The menu, which is sourced in Italy and created by a resident Italian chef, includes savoury tarts, delicious soups, flans and panini along with fresh, handmade ice-cream and several regional Italian coffees to enjoy. “ The food is honest and exquisite, and according to Italian traditions. Many of the desserts are completely unique to Ca’puccino and cannot be tasted anywhere else. The Essentiel mission is to bring fun into fashion at an affordable price. The label, which began in Belgium in 1999 as a T-shirt collection, soon grew into a full-fledged ready-to-wear collection. Today, the brand has presence in 35 countries “ Essentiel Antwerp stands for refreshing, offbeat and luxurious fashion featuring graphic and floral prints and trendy mixes of colors. The collections are rich, unique and accessible. With a focus on the social side of Ronaldo’s life, the brand offers unqiue, exclusive and easily recognizable shoes for men, women and children. All CR7 Footwear shoes are carefully designed and tested, using the finest available leather, with a perfect standard regarding fit and workmanship. “ CR7 Footwear is a new brand from Cristiano Ronaldo. Based on the superstar footballer’s identity, image and lifestyle, CR7 Footwear is for the discerning consumer that identifies with the excellence, performance and sophistication that Ronaldo embodies. Established in 1892 by Albert Weill in the heart of Paris, Weill is the oldest French ‘fashion house’, renowned for delivering the best of Parisian elegance, season after season. “ Heralded as the pioneer of the ready-to-wear fashion category , Weill is well known for its feminine suits, tweeds, and printed silks. Its range includes wardrobe essentials for everyday use (work and evening) with seductive, highly feminine twists. Known for turning the spotlight on any woman wearing it, Laurèl was founded in Germany in 1978. The affordable luxury brand achieved international acclaim when it debuted at the Milan Fashion Week in 1995 and again at the Mercedes-Benz Fashion Week in Berlin in 2013. “ Laurèl is the perfect fusion of glamour and nonchalance. With its focus on exceptional details, vibrant colors and feminine cuts, the collections translate into effortless class. Sonia Rykiel celebrated her 40th anniversary in 2009 through a partnership with H&M, cementing her global status as a fashion icon. “ Sonia by Sonia Rykiel has an inimitable Parisian and Saint-Germain-des-Pres style - intense, intelligent, attractive and fun. The label is known for its active, sporty, feminine and fun pieces suitable for today’s contemporary, individual woman. The Berenice logo is angel wings, a timeless image, both classic and elegant, symbolizing lightness, freedom, and purity – the image the designer, Frederick Krief creates for. “ Berenice was founded in France in 2005 as a network of five stores. Since then, the brand has expanded to over 70 addresses offering a diverse range of styles that exemplify both roots and bourgeois. The collections feature an easy-to-wear rock and bohemian ‘je-ne-sais-quoi’ style. Growth through acquisitions Key Contacts: • • • Investment local UAEDevelopment businesses with scope for expansion in the UAE, Richard Mudie,in Director Business [email protected] butEmail: more importantly in the GCC A handful of MD brands that we will look to exploit internationally in Mike Thompson, Marka Sports years Email:3-5 [email protected] Case study [placeholder text box] Ravi Chandran, MD Marka Hospitality Email: [email protected] Passionate about retail.
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