Rachid Mohamed Rachid

Founder of Alsara Investment Group and Chief Executive of Mayhoola for Investments

The prolific Egyptian investor who runs the Qatari fund that owns Valentino and Balmain is using his own fund to build an empire of fashion brands across Europe, the Middle East and North Africa.

Rachid Mohamed Rachid

Rachid Mohamed Rachid is an Egyptian entrepreneur and investor. He is the founder of Alsara Investment Group, a Swiss-based firm focused on brands in the creative industries across Europe, the US and the Middle East, and Bidayat, a subsidiary investment vehicle launched in 2021 earmarking smaller brands in the Mediterranean Basin region. That year, Bidayat took a stake in Egyptian accessories brand Okhtein and Italian outerwear brand Khrisjoy. By 2022, Alsara’s holdings included jeweller Adorisa and eyewear brand Akoni. Rachid is also chief executive of Mayhoola for Investments, the Qatari fund that owns Valentino, Balmain and Pal Zileri. Rachid is chairman of both Valentino and Balmain. 

Rachid has worked across several industries since starting at the family business Fine Foods, which he grew into one of the biggest players in the region. He later formed a joint venture with Unilever and went on to serve as president of Unilever North Africa. From 2004 to 2011, he was Egypt’s Minister of Trade, Industry and Investment, attracting foreign investment to the country while playing a significant role in the liberalisation of the economy. Rachid is a holder of the honour "Cavaliere di Gran Croce, Ordine al Merito della Repubblica Italiana" (Order of Merit of the Italian Republic) presented by the president of Italy. He has been a board member of the Katara Hospitality Group and co-chairman of the Virginia Commonwealth University Advisory Committee in Doha. Rachid earned a Bachelor of Science in mechanical engineering from Egypt’s Alexandria University and an advanced management diploma from Harvard Business School.

Career History
Alsara Investment Group

Education

VITAL STATISTICS

BORN1955
NATIONALITYEgyptian
LOCATIONItaly
MEMBER SINCE2022

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The people shaping the global fashion industry, curated by the editors of The Business of Fashion, based on nominations and on-the-ground intelligence from around the world.

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What is The BoF 500?

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