Submitted by: Submitted by jumana
Views: 472
Words: 1067
Pages: 5
Category: Business and Industry
Date Submitted: 11/18/2010 09:42 AM
Americana Overview:
Kuwait Food Company (Americana) S.A.K. (Kuwait Food) is one of the leading fast food companies in the Middle East region. The company is engaged in the production, import and sale of a wide range of food products and beverages. All the products offered by the company are distributed through retail and wholesale outlets. Moreover, the company operates a series of fast food restaurants in Kuwait and other Middle East countries. The company offers its products in various brands which include Greenland, Heinz, California Garden, Gulfa, Beefy, Koki and Americana Meat. The company has 1000 restaurants and cafes across 17 countries between the Atlantic Ocean and Caspian Sea. In addition, Kuwait Food has 18 factories located in five different countries. The company is headquartered at Safat, Kuwait. The company reported revenues of (Kuwaiti Dinar) KWD 557.45 million during the fiscal year ended December 2008, an increase of 28.19% over 2007. The operating profit of the company was KWD 55.46 million during the fiscal year 2008, a decrease of 21.48% from 2007. The net profit of the company was KWD 35.22 million during the fiscal year 2008, a decrease of 35.92% from 2007. It was established 1964. The main business sectors are Food retail, marketing and manufacturing. Main business regions are Kuwait, Egypt and worldwide.
STRUCTURE:
Americana is headquartered in Kuwait City, the Americana Group is owned by the Al-Kharafi family, which has a global portfolio of interests spanning oil and gas, finance, telecoms, real estate and food. The group made global headlines earlier this year when it was linked first with talks to buy Liverpool Football Club, and then to a possible bid for French football club Paris Saint-Germain. Americana chairman Marzouk al-Kharafi is the son of Nasser al-Kharafi, president of Mohammed Abdulmohsin al-Kharafi & Sons Group. Last year, Forbes magazine ranked Nasser al-Kharafi and his family 46th on its annual rich list, with a...