Michel Daher

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Michel Daher
Native name ميشال ضاهر
Born Michel Georges Daher
7 March 1961 (1961-03-07) (age 57)
Ferzol, Lebanon
Residence Ferzol, Lebanon
Nationality Lebanese
Occupation Chairman and CEO
Known for Daher Foods, Daher Capital
Spouse(s) Marleine Sayde
Children Georges, Mark, Edwina, Perla

Michel Georges Daher (Arabic: ميشال ضاهر‎; born 7 March 1961) is a Lebanese entrepreneur known for being the founder of Master and Poppins under the Daher Foods umbrella, two of the largest FMCG companies in the MENA region.[1] Daher co-founded Daher Foods in 1992 in Ferzol, Lebanon and has served as CEO and Chairman since then.

Daher Capital[edit]

Daher also founded Daher Capital, a family investment office based in Beirut, Lebanon. In 2007, Daher invested and became a partner and board member in FXCM, a leading online currency trading and CFD broker. FXCM went public on the NYSE in December 2010,[2] a process in which Daher had an active role in.[3] In 2013, Daher disposed of his FXCM stock and invested in rival Gain Capital.[4]

In 2013, Daher purchased a stake in the largest poultry producer in the U.S Pilgrim’s Pride[5] and became the company’s second largest shareholder.[6] In 2013, Pilgrim’s Pride had revenues of $9.0 billion.[7]

Daher Capital is very active in the VC space with a large venture portfolio,[8] having invested in Maker Studios prior to its sale to Disney for nearly $1 billion,[9][10] in Bonds.com prior to its sale to the London Stock Exchange[11][12] and Burstly prior to its sale to Apple.[13]

Other companies that Daher invested in that went public include TrueCar[14][15] and Stonegate Mortgage.[16]

Daher also serves as a board member of the Association of Lebanese Industrialists (ALI)[17] and is on the Executive Committee of Higher Council for Greek Catholics in Lebanon.

References[edit]

  1. ^ "Daher International Foods Company". Zawya.com. 2013-10-21. Retrieved 2016-09-25.
  2. ^ [1]
  3. ^ [2]
  4. ^ [3]
  5. ^ Bunge, Jacob (2015-04-20). "Pilgrim's Expects 25% of Its Chicken Will Be Antibiotic-Free by 2019". WSJ. Retrieved 2016-09-25.
  6. ^ "PILGRIMS PRIDE CORP : Filed by MASTER GLOBAL ASSETS LTD : FORM SC 13G (Statement of Ownership)" (PDF). Files.shareholder.com. Retrieved 2016-09-25.
  7. ^ "Revenue, EPS, & Dividend - Pilgrim's Pride Corporation (PPC)". NASDAQ.com. Retrieved 2016-09-25.
  8. ^ "Venture Portfolio". Daher Capital. Retrieved 2016-09-25.
  9. ^ "Maker Studios Raises Another $26 Million From Canal+, Singtel, And Others To Grow Its Business Overseas". TechCrunch. 2013-09-12. Retrieved 2016-09-25.
  10. ^ "Deal of the Year: Disney's Nearly $1B Acquisition of Maker Studios". The Hollywood Reporter. 2014-12-17. Retrieved 2016-09-25.
  11. ^ "Michel Daher Makes Strategic Investment in Bonds.com". Prnewswire.com. Retrieved 2016-09-25.
  12. ^ Burne, Katy (2014-03-06). "London Stock Exchange's MTS to Buy Bonds.com". WSJ. Retrieved 2016-09-25.
  13. ^ "Apple Acquires Burstly, A Daher Capital Company". Blog Baladi. Retrieved 2016-09-25.
  14. ^ [4]
  15. ^ "TrueCar raises $70 million in initial public offering". Fortune.com. 2014-05-16. Retrieved 2016-09-25.
  16. ^ [5]
  17. ^ [6]

External links[edit]