Sacoor Brothers: From Co-Family CEOs to No Family CEOs?

Sacoor Brothers, a luxury clothing retail company, was founded in 1989 in Lisbon, Portugal, by four brothers-Malik, Salim, Rahimo, and Moez. After establishing a strong presence in Portugal, the brothers were drawn to the rapidly growing retail markets in the Middle East and Southeast Asia. By 2009, they had entered the Dubai market and began planning further expansion in the region. Believing Dubai would be central to their next phase of growth, the brothers relocated their families there in 2012. By 2024, Sacoor Brothers had evolved into a global fashion brand with over 140 stores across 13 countries. All four brothers remained on the board, actively shaping the company's strategic direction. They credited much of their success to the strength of their family bond. However, as the company expanded into new markets, the brothers began to question whether their existing operating and governance models would be sustainable for the future. Could they pass on the formula that had driven their success over the past 20 years to the next generation? How might they need to adapt their approach for continued growth?

Business growth;Corporate governance;Family businesses;Investment management;Leadership transitions;Private equity

Case

Geographic Setting: Jordan;Middle East;Portugal;Saudi Arabia;United Arab Emirates
Industry Setting: Apparel industry;Retail and consumer goods

Année de la problématique : 2024

Livraison : Livraison par lien de téléchargement

Nombre de pages : 19