Michel Daher

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.

Michel Daher
ميشال ضاهر
Born
Michel Georges Daher

7 March 1961 (1961-03-07) (age 59)
Ferzol, Lebanon
NationalityLebanese
OccupationChairman and CEO
Known forDaher Foods, Daher Capital
Spouse(s)Marleine Sayde
ChildrenGeorges, Mark, Edwina, Perla

Daher Capital

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] In addition to investing in many Silicon Valley start-ups, such as advertising software company Steelhouse, and media company Mitu.[14]

Other companies that Daher invested in that went public include TrueCar[15][16] and Stonegate Mortgage.[17]

Daher also serves as a board member of the Association of Lebanese Industrialists (ALI)[18] and is on the Executive Committee of Higher Council for Greek Catholics in Lebanon.

References
  1. "Daher International Foods Company". Zawya.com. 2013-10-21. Retrieved 2016-09-25.
  2. "FXCM's IPO Raises $211 Million at Midpoint of Range". Bloomberg Businessweek. December 1, 2010. Archived from the original on 2010-12-04. Retrieved 6 February 2020.
  3. "Lebanese industrialist and businessman Michel Daher given the honor of ringing the NYSE opening bell". Zawya. December 3, 2010. Archived from the original on 2013-02-10. Retrieved 6 February 2020.
  4. "Gain Capital sees Lebanese businessman Michel Daher begin to cash out of his GCAP position". LeapRate.com. January 30, 2014. Archived from the original on 2014-11-11. Retrieved 6 February 2020.
  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. Archived from the original (PDF) on 2016-03-04. Retrieved 2016-09-25.
  7. "Revenue, EPS, & Dividend - Pilgrim's Pride Corporation (PPC)". NASDAQ.com. Retrieved 2016-09-25.
  8. "Venture Portfolio". Daher Capital. Archived from the original on 2016-09-27. 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. "How a potato chip entrepreneur in Lebanon became a big supporter of L.A. tech start-ups". Los Angeles Times. September 6, 2017. Retrieved 6 February 2020.
  15. "Our Team". TRUECar. Archived from the original on 2012-11-29. Retrieved 7 February 2020.
  16. "TrueCar raises $70 million in initial public offering". Fortune.com. 2014-05-16. Retrieved 2016-09-25.
  17. "Stonegate Mortgage IPO raises $180M". Kansas City Business Journal. October 10, 2013. Archived from the original on 2013-10-13. Retrieved 7 February 2020.
  18. "Board of Directors". Association of lebanese Industrialists. Archived from the original on 2010-05-11. Retrieved 7 February 2020.
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