Versuchen GOLD - Frei

EXPANDING A FASHION ICON

Forbes Middle East - English

|

July 2024

Elie Saab Jr., Group CEO and Vice Chairman of ELIE SAAB, is continuing his father’s legacy well beyond the realm of fashion. While focusing on building a long-lasting legacy, he’s exploring new markets and incorporating a future-focused strategy for running one of the region’s biggest fashion houses.

- NANCY BAHMAD

EXPANDING A FASHION ICON

From the busy streets of bustling Beirut to the most luxurious catwalks of fashionable Paris, over more than 40 years, self-taught Lebanese designer Elie Saab has evolved his eponymous brand from being the expression of a single individual's creative vision to becoming a globally recognized fashion empire.

However, his journey to the top is much more than a personal success story; it's a blueprint for building a timeless brand. "I have followed my dreams and pursued my vision, which have brought me to where I am today. This journey has not been easy, requiring hard work and dedication," says Elie Saab, Founder and Creative Director of ELIE SAAB.

Today, ELIE SAAB is synonymous with elegance and luxury, with the brand's designs regularly hitting the headlines as they grace royalty, celebrities, and brides across the globe. In June 2023, Princess Rajwa AI Hussein wore an ELIE SAAB gown as she married Crown Prince AI Hussein of Jordan, with the U.K.'s Princess Kate Middleton also wearing an ELIE SAAB creation as she attended the event. Jennifer Lopez, Jessica Chastain, Rita Ora, and Jessica Biel are also among the brand's A-list international fans.

While the founder's relentless commitment has evolved his name to legendary status among the fashion elite, today Elie Saab's eldest son is leading the strategic vision of the company. It's proving to be a very successful approach for the family business. According to the company head, last year was the best in the brand's history in terms of revenues and profits. "We are achieving top-line growth," says Elie Saab Jr., Group CEO and Vice Chairman of the Board of ELIE SAAB. "Since 2020, the company has grown with a CAGR of 45%. In the first half of 2024, we saw 31% year to-date growth."

WEITERE GESCHICHTEN VON Forbes Middle East - English

Forbes Middle East - English

Forbes Middle East - English

THE RELUCTANT VISIONARY

Sobha Group's Founder, PNC Menon, the U.A.E.'s wealthiest real estate expat billionaire, has built a fully integrated empire of luxury property and interiors. From record 2025 sales to landmark island projects, his next-generation leadership is redefining the region's property landscape.

time to read

6 mins

Forbes ME December English Issue

Forbes Middle East - English

Forbes Middle East - English

Jackpot Stock Scare Story

WHAT TO DO IF MUCH OF YOUR WEALTH IS IN A SINGLE ASSET AND YOU DON'T WANT TO BE CLOBBERED BY CAPITAL GAINS TAXES.

time to read

5 mins

Forbes ME December English Issue

Forbes Middle East - English

Forbes Middle East - English

Crash-Proof Funds

WORRIED ABOUT A BUBBLE? INNOVATOR CAPITAL HAS 160 ETFS DESIGNED TO LET YOU RIDE THE BULL MARKET WITH YOUR SEAT BELT SECURELY FASTENED.

time to read

4 mins

Forbes ME December English Issue

Forbes Middle East - English

Forbes Middle East - English

BUILDING BLOCKS

As Founder and Chairman, Rizwan Sajan has grown Danube Group into a multi-vertical conglomerate, cementing its position as one of Dubai's most prominent private-sector developers. His latest move, a Shah Rukh Khan-branded tower, introduces one of Danube's most high-profile projects to date.

time to read

6 mins

Forbes ME December English Issue

Forbes Middle East - English

Forbes Middle East - English

Leadership: The Journey Continues

Becoming a leader is not a conclusion, it is the beginning of a journey and the Middle East's business elite is putting its best foot forward.

time to read

6 mins

Forbes ME December English Issue

Forbes Middle East - English

Forbes Middle East - English

PROFITING PERSONALLY

Lili Reinhart rode mainstream media to stardom. Now she's building a huge social media fan base to back her entertainment and skin care bets.

time to read

2 mins

Forbes ME December English Issue

Forbes Middle East - English

Forbes Middle East - English

UNLOCKING VALUE

Mahmoud AbdelMaksoud, Cofounder and Co-CEO of Nawy Unlocked, is transforming Egypt's rental market by converting idle unfinished units into income-generating homes. After joining Nawy in January 2025 via acquisition, he plans to scale from 300 units to 7,000 within five years.

time to read

5 mins

Forbes ME December English Issue

Forbes Middle East - English

Forbes Middle East - English

AI's Inner Voice

ELEVENLABS' computer voices are so convincing they could fool your mother. That's both a blessing-its 30 Under 30 alumni founders are now both billionaires- and a curse for the four-year-old company.

time to read

5 mins

Forbes ME December English Issue

Forbes Middle East - English

Inside the Everything Bubble

FROM AN AI-FUELED STOCK RALLY TO RECORD-HIGH GOLD, THE SIGNS ARE STACKING UP THAT NEARLY EVERY ASSET CLASS IS DUE FOR A RECKONING.

time to read

1 mins

Forbes ME December English Issue

Forbes Middle East - English

Forbes Middle East - English

Investment, Innovation, Ambition: The GCC Logistics Sector Is Evolving

In a context of economic diversification, shifting trade patterns, and advancing technology, the GCC is developing a logistics sector that is fit for the future.

time to read

4 mins

Forbes ME December English Issue

Listen

Translate

Share

-
+

Change font size