- A market leader with strong outlet presence in peninsular Malaysia
- Attractive & robust domestic sportswear industry with CAGR of ~8% in the 5 years prior to Ekuinas’ entry
- Clear future growth drivers through private label and Omni- channel opportunities
- Margin improvement opportunity via business process optimisation and investment in technology
Investment Highlights.
Al-Ikhsan Sports
Background
- Al-Ikhsan is the largest multi-brand sports retailer in Malaysia with over 100 corporate-owned outlets and ~40% market share. The company retails sports equipment, apparel and footwear from major brands such as Adidas, Nike, Puma, Asics and Lotto.
- Al-Ikhsan is the principal owner of the brand AL and markets various sports goods under the trademark AL Logo.
Investment Rationale
Transaction Details
Transaction Date
July 2016
Ownership
35.0%
Ekuinas has contributed so much into ‘corporatising’ Al-Ikhsan as the Company is now run by industry professionals. This collaboration will continue to add value to Al-Ikhsan’s long term growth strategies.
Tuan Haji Ali Hassan
Founder & Chairman