Published: 18/10/2011 by Marwan Al-Ahmadi - مروان الأحمدي
Well, here’s some interesting news. A Bahrain based firm called Investcorp has bought Sur la Table, the name in household kitchenware. The deal is interesting because of its peculiar timing. The past 2 years have shown explosive growth of the culinary market, especially at the high end. This is where Sur La Table thrives. It also has a very active community around it based on classes attended by people who are food lovers. Investcorp stocks are on the rise, and based on this news it bodes well for investors.
Let’s take a look at Sur La Table. Now this is definitely one of the most prominent companies when it comes to kitchenware. If you live in one of the major cities in the country, you will definitely have visited one of their local stores. The company has 86 outlets throughout the country. Revenue of the company has grown at a steady pace in the last few years, and it has also successfully managed to brave the dreadful recession. Given that Sur La Table sold itself form such a strong position, it speaks a lot about its potential in future too. Again, this is a happy note for their investors.
Now Investcorp may not be very well-known here to investors in the US, but it is very widely respected among the Gulf States. It has a strong management that has brought profits for its investors consistently.
When one business that is growing exponentially is bought by a business that is growing at a similarly great pace, the results will be highly innovative. Needless to say, the investors in Investcorp are totally pumped up about the acquisition. For those who have come to love Sur La Table products, you are looking at a very delicious future, with newer and more innovative products, probably on their way out to you.