Back from the brink: How Gourmet Egypt survived the float of the EGP
After a ten-year run leading a high-end retailer of imported food in Egypt, Jalal Abu Ghazaleh nearly fell off a cliff when the devaluation of the EGP saw prices skyrocket, inflation go through the roof — and an effective ban on imports put in place.
In today’s episode, Jalal talks with us about how he built the business from a one-desk meat importer into a retail powerhouse and an early pioneer of e-commerce — and saved his business by becoming a food manufacturer. Today, his private-equity backed business is growing nationally, looking at regional expansion and mulling prospects for an IPO sometime down the road.
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Links:
* Gourmet: GourmetEgypt.com
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