REINVENTING THE FUTURE
Forbes Middle East - English|March 2024
Caroline Fattal, Chair of the 127-year-old Fattal Group, is a rare example of a fourth-generation leader of a family business. With a new structure and non-family CEO in place at the Beirut-based group, she’s focusing on her NGO efforts and giving back.
LAYAN ABO SHKIER
REINVENTING THE FUTURE

It’s a well-repeated statistic from the Family Business Institute that among family businesses, around 30% make it through the second generation, 12% through the third, and only 3% to the fourth. Caroline Fattal, Chair of the Fattal Group and Founder of Stand for Women, is bucking the trend. “We are playing against the statistics,” admits the fourth-generation leader of her 127-year-old family business. As the first woman to head the conglomerate, she’s also tasked with ensuring that it transforms to survive even further.

The Beirut-based Fattal Group was founded as “Khalil Fattal & Fils” by Fattal’s great-grandfather Khalil Fares Fattal in 1897 in Damascus, when it was under the Ottoman Empire, before the creation of the modern state of Lebanon. At that time, the company represented some small commercial brands. Today, the group is a distributor of multinational brands and operates directly and indirectly across FMCG, healthcare, beauty and luxury, home appliances, office equipment, and electronics across Europe, the Middle East, and Africa.

It also has two subsidiaries—Excel Logistics and Société Nouvelle pour le Commerce et l’Industrie, which manufactures personal and home care products—operates in 15 countries and employs over 3,000 people, with 500 suppliers, 35,000 customers, and warehouses covering 100,000 square meters. Its partnerships include brands such as Unilever, Reckitt, Mondelez, Sandoz, Coty, Clarins, Novartis, and Pfizer.

Diese Geschichte stammt aus der March 2024-Ausgabe von Forbes Middle East - English.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der March 2024-Ausgabe von Forbes Middle East - English.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS FORBES MIDDLE EAST - ENGLISHAlle anzeigen
Celebrating Emirati Businesswomen and Entrepreneurs on Emirati Women's Day
Forbes Middle East - English

Celebrating Emirati Businesswomen and Entrepreneurs on Emirati Women's Day

As part of the U.A.E.’s annual Emirati Women’s Day celebrations, the Abu Dhabi Business Women Council and the Abu Dhabi Chamber hosted an event on August 28, 2024, under the theme “We Collaborate for Tomorrow,” celebrating the role and achievements of Emirati women.

time-read
2 Minuten  |
Sep 2024
THE MIDDLE EAST'S TOP 100 HEALTHCARE LEADERS 2024
Forbes Middle East - English

THE MIDDLE EAST'S TOP 100 HEALTHCARE LEADERS 2024

MENA’s healthcare landscape is evolving towards integration, marked by the rise of fully comprehensive ecosystems. Industry giants are setting future trends, driven by systems that thrive on data abundance, accessibility, and intersectoral collaboration.

time-read
6 Minuten  |
Sep 2024
SCOUTING FOR OPPORTUNITIES
Forbes Middle East - English

SCOUTING FOR OPPORTUNITIES

Ayman Cheikh-Lahlou, Chairman and CEO of the Morocco-based Cooper Pharma, took the helm of the family-owned pharmaceutical company in 2005 and has seen business boom over nearly 20 years. Now, he’s exploring expansion opportunities in new markets.

time-read
7 Minuten  |
Sep 2024
TURNING THE TIDE
Forbes Middle East - English

TURNING THE TIDE

Irina Zaporozhets, President and General Manager for Eli Lilly Suisse S.A. in the META region is driving expansion, focusing on innovation and patient-centric care. As she navigates regional challenges, her commitment to expanding access to medicine remains at the forefront.

time-read
7 Minuten  |
Sep 2024
Supercharging AI
Forbes Middle East - English

Supercharging AI

Armed with a newly raised 640 million, GROQ thinks it can challenge one of the world’s most valuable companies with a purpose-built chip designed for Al from scratch.

time-read
5 Minuten  |
Sep 2024
How Technology is Accelerating Digital Equality in Diverse Markets
Forbes Middle East - English

How Technology is Accelerating Digital Equality in Diverse Markets

The rise of smartphones and digital technologies has transformed our daily lives, contributing to the evolution of connected consumers.

time-read
2 Minuten  |
Sep 2024
Rare Fortune
Forbes Middle East - English

Rare Fortune

Money manager JAMES LITINSKY turned a bad junk bond bet into a $400 million fortune. His MP Materials operates a strategic mine and will begin manufacturing supermagnets for electric vehicles next year.

time-read
6 Minuten  |
Sep 2024
The State of Mental Health in the Middle East
Forbes Middle East - English

The State of Mental Health in the Middle East

While mental health awareness is on the rise, the Middle East faces some challenges in providing care. Still, we're seeing some progress.

time-read
2 Minuten  |
Sep 2024
Big Breakthroughs
Forbes Middle East - English

Big Breakthroughs

From gene therapy to nasal sprays, these were some of the most significant healthcare breakthroughs in the last year.

time-read
3 Minuten  |
Sep 2024
MENA's 5 Most Valuable Healthcare Companies 2024
Forbes Middle East - English

MENA's 5 Most Valuable Healthcare Companies 2024

The combined market cap of 57 healthcare companies listed on MENA's stock exchanges hit $83.7 billion on August 13, 2024, with the top five companies accounting for about 62.4% of the total market cap. These are MENA's five most valuable healthcare companies in 2024.

time-read
2 Minuten  |
Sep 2024