Latest news with #PatrickChalhoub
Zawya
23-05-2025
- Business
- Zawya
UAE-based Chalhoub Group eyes investment opportunities in Egypt
Arab Finance: Chalhoub Group, a Dubai-based luxury retailer and distributor, is exploring potential investments and opportunities in the Egyptian market, Executive Chairman Patrick Chalhoub announced. In his meeting with Minister of Investment and Foreign Trade Hassan El-Khatib, Chalhoub rolled out future plans to scale up its business, particularly in the fashion and beauty industry, by launching new brands and expanding its current partnerships. On his part, El-Khatib affirmed the ministry's readiness to provide all forms of support to the company's investments and expansion plans in the Egypt over the coming period. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Fashion United
16-05-2025
- Business
- Fashion United
Chairman Patrick Chalhoub: "I am not at all worried about luxury industry"
The Chalhoub Group contributes to the success of luxury brands through joint ventures and distribution agreements. Although diverse luxury fashion houses recently saw their sales and profits decline, chairman and former chief executive officer Patrick Chalhoub sees no reason to worry about the luxury industry. Chalhoub was interviewed at the World Retail Congress in London about his time with the group. The conversation began with his victories, but quickly turned to the state of the luxury industry at the moment. 'I am not worried at all,' Chalhoub said confidently. 'Luxury is a necessity for a human being. It helps us to strive and it brings pleasure.' The chairman quickly provides the context that the luxury market and the fashion industry in general has always had ups and downs. 'Look at the pandemic, for example. Soon there was revenge buying.' Chalhoub is referring to the fact that after the initial caution of consumers when the pandemic started, there was indeed a catch-up when the shops reopened. 'A period in which one has to adapt, that can certainly happen.' However, he warns that one should not make crazy leaps like a cornered cat too quickly. 'Don't be tempted to betray your values because you are afraid.'
Web Release
30-03-2025
- Business
- Web Release
In Their Shoes: Patrick and Michael Chalhoub Come Together on Legacy, tradition, family and footwear.
Level Shoes unveils a special edition of their 'In Their Shoes' series, part of the seasonal 'Come Together' campaign, featuring an exclusive conversation with Executive Chairman Patrick Chalhoub and his son, Chief Executive Officer Michael Chalhoub, as they celebrate the Chalhoub Group's 70th anniversary. An inspiring story of family, visionary ambition, resilience, and unwavering passion—this feature captures a pivotal moment of transformation as the Group enters a new era. Captured together through the Level lens, they discuss the values that have defined their legacy, the evolution of the Group, and the enduring bond between father and son. Their dialogue offers a unique perspective on leadership, talent, and the collective vision that has shaped the success of one of the most influential luxury retail groups. For Patrick Chalhoub, this anniversary is a moment to celebrate the collective effort of their teams: 'This milestone is an opportunity to celebrate our achievements and express our appreciation to all the teams who have contributed to our success. Their sense of unity and collaboration have helped us get to where we are today.' 'It's not just about continuing to grow the company, but about ensuring it's in its best shape for generations.' shares Michael.
Emirates Woman
24-03-2025
- Business
- Emirates Woman
Level Shoes unveils a special edition of their ‘In Their Shoes' series
Emirates Man by Camille Macawili 7 mins ago Level Shoes unveils a special edition of their 'In Their Shoes' series featuring Executive Chairman Patrick Chalhoub and his son, Chief Executive Officer Michael Chalhoub. To mark Chalhoub Group's 70th anniversary, the multi-brand luxury footwear retailer and online platform highlights the inspiring story of family, visionary ambition, resilience, and unwavering passion in the seasonal 'Come Together' campaign. It was announced at the end of last year that Michael Chalhoub, son of Patrick Chalhoub, will be taking the reins of the luxury giant. This feature captures a pivotal moment and rare insight of transformation as the Group enters a new era. 'This milestone is an opportunity to celebrate our achievements and express our appreciation to all the teams who have contributed to our success. Their sense of unity and collaboration have helped us get to where we are today.' says Patrick Chalhoub. The exclusive conversation focuses on the values that have defined their family-owned legacy, the evolution of the Group, and the enduring bond between father and son. Offering a rare and unique perspective on leadership, talent, and collective vision, the feature unfolds the roots and future of their success. Michael adds, 'It's not just about continuing to grow the company, but about ensuring it's in its best shape for generations.' – For more on how to look smart and live smarter, follow Emirates Man on Facebook and Instagram Images: Supplied
Khaleej Times
13-02-2025
- Business
- Khaleej Times
Dubai: How Chalhoub Group went from a Syrian family business to luxury empire
"The customer is empowered now. They know what they want and want to express their individuality," says Patrick Chalhoub, Executive Chairman of Chalhoub Group. In an exclusive interview with Khaleej Times, he shares his family journey from Syria to Dubai, and describes how the Middle East's luxury market has developed from a niche industry into one of the most advanced local sectors. A journey across borders The Chalhoub family story began in Syria in the 1950s. Patrick Chalhoub's parents, Michel and Widad Chalhoub were determined to introduce French luxury to Damascus and founded the Chalhoub Group in 1955. "My father and mother were absolutely fascinated by the French culture," says Patrick Chalhoub. However, political instability in the region compelled the family to relocate several times. In 1965, they moved from Syria to Lebanon due to political unrest. In 1975, the family moved to Kuwait following Lebanon's civil war, and in 1990, the Iraqi invasion of Kuwait once again changed their life's trajectory when they moved to the UAE. "We were uncertain, but we boldly decided to relocate our headquarters to Dubai. With a clear vision, we saw its potential as a regional hub for luxury retail," says Patrick. This move would shape their destiny. Building a luxury powerhouse When Patrick joined the business in 1979, Chalhoub Group was a relatively small operation with around 200 employees and a handful of brand partnerships. Today, it is a key regional player home to 300 global luxury brands and over 16,000 employees. One of the early milestones was the introduction of franchise luxury stores in the Middle East. In 1982, the Chalhoub Group brought Louis Vuitton and Chanel to Kuwait when these brands were still gaining international traction. According to Patrick, most customers seeking luxury in the Middle East were tourists from Japan, where the appetite for luxury began much earlier. However, it wouldn't be long before local clientele would soon catch up and help transform the market into one of the strongest globally. By the 2000s, the Middle East's luxury retail sector grew dramatically. New shopping centres like Dubai Mall and Mall of the Emirates revolutionised the retail experience, allowing shopping and entertainment to flourish. At the same time, global brands saw the region's immense potential, and customers who would previously travel for high-end fashion were now demanding a local luxury market. "What was once a niche audience has become one of the world's most sophisticated, knowledgeable, and demanding luxury consumer bases," Patrick explains. The Chalhoub Group worked closely with mall developers to create shopping experiences to meet these new demands. The art of knowing the consumer Patrick explains that luxury retail is not just about selling expensive goods but about understanding people. It's an industry that allows customers to dream. In that respect, consumer behaviour in the luxury sector has evolved significantly. Modern shoppers look for brands that align with their values, whether cultural, political, or environmental. Chalhoub Group is constantly looking for brands that reflect these evolving priorities and introducing them to the Middle East market. "Scouting brands is something we love to do. We constantly look for new opportunities, whether in Japan, Korea, New York, or Paris, to bring something fresh to the Middle East," Says Patrick. The future of luxury in the Middle East With consumer expectations shifting rapidly, Chalhoub Group is responding by investing in homegron labels such as Level Shoes and Faces while continuing to introduce new international brands that align with the market's changing preferences. The Group has embraced digital transformation to stay ahead, developing AI-driven personalisation strategies for online and in-store shopping experiences. As Chalhoub Group marks its 70th anniversary this year, the company is expanding its expertise into new categories, such as skincare, luxury watches, jewellery, and eyewear, reflecting its ambition to broaden its global footprint. "We want to create a legacy that lasts—not just for our family, but for the young talent in our team who will drive the company forward," says Patrick.
