Latest news with #MohamedAlabbar
Yahoo
4 days ago
- Business
- Yahoo
Americana in talks to take stake in F&B franchise operator Cravia
United Arab Emirates (UAE)-based quick service restaurant operator Americana Restaurants is in preliminary discussions to acquire a stake in compatriot Cravia, a food and beverage (F&B) franchise operator. The news was confirmed by Americana in a stock exchange filing on 22 June 2025. The size of the stake or the anticipated timeline for the transaction were not disclosed. Cravia, headquartered in Dubai, has been under the ownership of private equity investor Fajr Capital since 2016. It has 78 outlets and a workforce exceeding 2,000. Its brand offerings are Five Guys, Cinnabon, Zaatar W Zeit, Carvel ice cream and Seattle's Best Coffee. Americana previously gained approval for concurrent and dual listing in Saudi Arabia and the UAE from the Saudi financial regulatory authority. Americana Restaurants recently added Peet's Coffee to its portfolio of brands, which includes KFC, Hardee's, Pizza Hut, TGI Fridays and Krispy Kreme. It opened 14 new stores and combined 46 additional stores from Pizza Hut Oman, totalling the store count to 2,630 across 12 nations. The company also operates Wimpy and Chicken Tikka across the Middle East and North Africa (MENA) region and Kazakhstan. It is backed by an investment vehicle owned by Saudi Arabia's sovereign wealth fund and real estate mogul Mohamed Alabbar. Bloomberg highlights that Americana's position has been tight due to the brand's internal restructuring, job cuts and a consumer boycott of its brands that began with the onset of the Israel-Hamas conflict. In the first quarter (Q1) of 2025, the company generated a net profit attributable to shareholders of the parent company of $32.6m, up 16.5% from Q1 2024. Earnings before interest, taxes, depreciation and amortisation stand at $121.7m, a 17.4% year-on-year increase. "Americana in talks to take stake in F&B franchise operator Cravia" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Bvlgari Hotels & Resorts signs deal for luxury resort in Abu Dhabi
Bvlgari Hotels & Resorts has confirmed a long-term agreement with Eagle Hills for a new luxury resort and private mansions in Abu Dhabi, anticipated to open its doors in 2030. The Bvlgari Resort Abu Dhabi will be situated on a secluded island, offering access via a specially constructed bridge. The development will encompass a 60-room resort, including 30 villas and 90 private mansions. Italian architectural company ACPV ARCHITECTS Antonio Citterio Patricia Viel will be responsible for the construction and design while LAND SRL, also based in Italy, will oversee the landscape design. Eagle Hills, the Abu Dhabi-based real estate development company led by founder Mohamed Alabbar, is the estate owner and project partner. The resort will feature a main building with various guest rooms, including two Bvlgari Suites and a Bvlgari Penthouse, as well as 30 beachside villas each with a private pool. The Bvlgari Villa, a five-bedroom luxury residence spanning 1,200m² with a 20m pool, will set a new standard in global luxury hospitality. Bvlgari's signature offerings will include Il Caffè, Bvlgari Dolci boutique, and La Galleria concept store. The 2,000m² Bvlgari Spa will offer a 25m pool, a 1,000m² fitness centre, and an outdoor deck. Dining options will offer various cuisines and are complemented by a Yacht Club, a 40-berth marina, and a city-side Ballroom. The residential segment will present 90 mansions, with sizes from 1,650m² to 2,500m², including eight estates each with a private beach. Several mansions will feature private docks for boats up to 25m long while others will face the island's inner cove. Bvlgari CEO Jean-Christophe Babin said: 'This project is a tribute to Abu Dhabi's unique cultural identity, blending timeless sophistication with modern luxury. 'This project will set a new milestone in Haute Hospitality, and I'm particularly happy to develop it with our long-standing retail partner and friend, Mohamed Alabbar, always striving for the highest standards.' In addition to the Abu Dhabi project, Bvlgari Hotels & Resorts is preparing to launch the Bvlgari Resort & Mansions Cave Cay in the Bahamas in 2029, with 64 luxury suites, seafront villas, and 48 private mansions on 220 acres. "Bvlgari Hotels & Resorts signs deal for luxury resort in Abu Dhabi" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fashion Network
20-06-2025
- Business
- Fashion Network
Bulgari to open luxury island resort in Abu Dhabi by 2030
Signature experiences at the resort will include Bulgari's Il Caffè, the Bulgari Dolci boutique known for artisanal Italian confections, and La Galleria, a concept store featuring curated pieces by local and international designers. A 2,000-square-metre Bulgari Spa will offer a 25-metre indoor pool, a 1,000-square-metre fitness centre, and an outdoor deck with sea views. Dining will include Il Ristorante – Niko Romito, helmed by the Michelin-starred chef, along with the exclusive Japanese concept Hōseki, a refined Turkish restaurant, La Spiaggia beachfront dining, and the iconic Bulgari Bar. The resort will also be home to a Yacht Club with a private beach, 40-berth marina, and exclusive membership offerings. A grand ballroom on the city-facing side will provide a dedicated venue for events and banqueting. The residential component will feature 90 private mansions ranging from 1,650 to 2,500 square metres, with eight exclusive estates each offering their own private beach. The development's architecture and design will be curated by Milanese firm ACPV Architects Antonio Citterio Patricia Viel, with the landscape, designed by fellow Milanese studio Land SRL. The project is being developed in partnership with Eagle Hills, an Abu Dhabi-based private real estate company founded by Mohamed Alabbar. "With Bulgari Resort & Mansions Abu Dhabi, we continue our jeweller of hospitality magnificent journey of bringing Bulgari's distinctive elegance and craftsmanship to the world's most remarkable destinations,' said Jean-Christophe Babin, CEO of Bulgari. 'This project is a tribute to Abu Dhabi's unique cultural identity, blending timeless sophistication with modern luxury. This project will set a new milestone in Haute Hospitality and I'm particularly happy to develop it with our long-standing Retail Partner and friend Mohamed Alabbar always striving for the highest standards."
Fashion Network
20-06-2025
- Business
- Fashion Network
Bulgari to open luxury island resort in Abu Dhabi by 2030
Signature experiences at the resort will include Bulgari's Il Caffè, the Bulgari Dolci boutique known for artisanal Italian confections, and La Galleria, a concept store featuring curated pieces by local and international designers. A 2,000-square-metre Bulgari Spa will offer a 25-metre indoor pool, a 1,000-square-metre fitness centre, and an outdoor deck with sea views. Dining will include Il Ristorante – Niko Romito, helmed by the Michelin-starred chef, along with the exclusive Japanese concept Hōseki, a refined Turkish restaurant, La Spiaggia beachfront dining, and the iconic Bulgari Bar. The resort will also be home to a Yacht Club with a private beach, 40-berth marina, and exclusive membership offerings. A grand ballroom on the city-facing side will provide a dedicated venue for events and banqueting. The residential component will feature 90 private mansions ranging from 1,650 to 2,500 square metres, with eight exclusive estates each offering their own private beach. The development's architecture and design will be curated by Milanese firm ACPV Architects Antonio Citterio Patricia Viel, with the landscape, designed by fellow Milanese studio Land SRL. The project is being developed in partnership with Eagle Hills, an Abu Dhabi-based private real estate company founded by Mohamed Alabbar. "With Bulgari Resort & Mansions Abu Dhabi, we continue our jeweller of hospitality magnificent journey of bringing Bulgari's distinctive elegance and craftsmanship to the world's most remarkable destinations,' said Jean-Christophe Babin, CEO of Bulgari. 'This project is a tribute to Abu Dhabi's unique cultural identity, blending timeless sophistication with modern luxury. This project will set a new milestone in Haute Hospitality and I'm particularly happy to develop it with our long-standing Retail Partner and friend Mohamed Alabbar always striving for the highest standards."
Fashion Network
20-06-2025
- Business
- Fashion Network
Bulgari to open luxury island resort in Abu Dhabi by 2030
Bulgari Hotels & Resorts announced on Thursday an agreement to open a new Bulgari Resort & Mansions in Abu Dhabi, scheduled to welcome guests in 2030. The new destination will be nestled on a private, horseshoe-shaped island off the city's iconic corniche and will be accessible via a purpose-built bridge or by sea. The project's luxury resort will feature 60 guest rooms spread across various levels, including two signature Bulgari Suites and a Bulgari Penthouse. Additionally, 30 beachside villas will each have a private pool, while the five-bedroom, 1,200-square-metre Bulgari Villa will be complete with a private beach, 20-metre pool, and private park. Signature experiences at the resort will include Bulgari's Il Caffè, the Bulgari Dolci boutique known for artisanal Italian confections, and La Galleria, a concept store featuring curated pieces by local and international designers. A 2,000-square-metre Bulgari Spa will offer a 25-metre indoor pool, a 1,000-square-metre fitness centre, and an outdoor deck with sea views. Dining will include Il Ristorante – Niko Romito, helmed by the Michelin-starred chef, along with the exclusive Japanese concept Hōseki, a refined Turkish restaurant, La Spiaggia beachfront dining, and the iconic Bulgari Bar. The resort will also be home to a Yacht Club with a private beach, 40-berth marina, and exclusive membership offerings. A grand ballroom on the city-facing side will provide a dedicated venue for events and banqueting. The residential component will feature 90 private mansions ranging from 1,650 to 2,500 square metres, with eight exclusive estates each offering their own private beach. The development's architecture and design will be curated by Milanese firm ACPV Architects Antonio Citterio Patricia Viel, with the landscape, designed by fellow Milanese studio Land SRL. The project is being developed in partnership with Eagle Hills, an Abu Dhabi-based private real estate company founded by Mohamed Alabbar. "With Bulgari Resort & Mansions Abu Dhabi, we continue our jeweller of hospitality magnificent journey of bringing Bulgari's distinctive elegance and craftsmanship to the world's most remarkable destinations,' said Jean-Christophe Babin, CEO of Bulgari. 'This project is a tribute to Abu Dhabi's unique cultural identity, blending timeless sophistication with modern luxury. This project will set a new milestone in Haute Hospitality and I'm particularly happy to develop it with our long-standing Retail Partner and friend Mohamed Alabbar always striving for the highest standards."
