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December 14, 2017updated 08 Jan 2018 7:33am

London investor acquires majority interest in ice cream brand Four Winters

London-based investor Omar Alkhawaja has acquired a majority stake in Jordan-based ice cream maker Four Winters Global from Fawaz Al Hokair, a Saudi billionaire property developer, for an undisclosed sum.

London-based investor Omar Alkhawaja has acquired a majority stake in Jordan-based ice cream maker Four Winters Global from Fawaz Al Hokair, a Saudi billionaire property developer, for an undisclosed sum.

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With the management takeover, Alkhawaja has been appointment as global chairman and the co-founder of Four Winters, Zeid Zabian, will remain as CEO of the group.

As part of growth plans laid out by Alkhawaja and Zabian, $10m will be invested in the business over the next three years to reach a target of 50 new parlours. It includes openings in Los Angeles, New York in the US and North Africa, with further additions in the UK and Jordan.

The acquisition will also see Four Winters head office relocated to London from Jordan with immediate effect.

Commenting on the acquisition, Zeid Zabian said: “I am extremely excited about the acquisition and having worked with Omar for the past few years, I know that with his leadership we are now fully equipped as a team to move forward with the shared vision we have for Four Winters.

“Our goal is to make sure we have the right organisational structure in place to strengthen our performance, which includes our 50 company-owned parlour target, and the development of a franchising platform. We are looking forward to continued brand growth and success in 2018 and beyond.”

The board of directors will also focus on enhancing the brand internationally and continuous product innovation.

Founded in 2013, the brand has three outlets in London and is set to unveil a new location in Kent, England, in January.

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img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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