Tous new collection: 1 handbag, 100 looks

The line features a tote bag created in 10 different colors with the classic Kaos die-cut design on all four sides.
Updated 14 June 2018
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Tous new collection: 1 handbag, 100 looks

Spanish jewelry and accessories brand Tous is presenting the Kaos Shock Color handbag collection this spring-summer season.

The line features a tote bag created in 10 different colors with the classic Kaos die-cut design on all four sides. The tote bag can be combined with 10 removable covers to achieve more than a 100 different looks. 

The collection includes neutral colors like dusky pink and taupe to summery ones like yellow, fuchsia and lavender and classic ones like black, navy and red.

“With this handbag, Tous is reinterpreting its iconic Kaos print, first created in 1999 when the company’s accessories range was taking its first steps. The aim was to create an easily recognizable monogram that could be combined with the jewelry category. To achieve this, the Milosos print was born, and, as its name suggests, it consisted of a series
of bears,” Tous said in a statement.

“As a result of an accidental event during testing and an error in the temperature of the printing machine, the Milosos design came out all distorted and everyone’s first reaction was to say: ‘This print is complete chaos!’ The original version, which was the result of this series of coincidences, captivated us and after a series of redesigns and adjustments, the Kaos that we know today was born.”


GFH reveals boost in first-half profits

Updated 14 August 2018
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GFH reveals boost in first-half profits

GFH Financial Group has announced that net profit attributable to shareholders rose to $72.5 million in the first six months of 2018, a 16.7 percent increase from the same period a year earlier. The group also reported a consolidated net profit of $73.4 million in the first half of the year, a rise of 12.1 percent.

Net profit attributable to shareholders for the second quarter increased by 19.2 percent to $36 million. Consolidated net profit during the quarter rose to $36.5 million, an increase of 14.1 percent.

Earnings per share for first half of the year was 2.02 cents, compared with 2.51 cents in the first six months of 2017. Earnings per share for the second quarter was 1 cent, compared with 1.22 cents in the same period of 2017.

Total consolidated revenues in the first half, grew by 12.5 percent to $124.2 million, primarily from revenues generated by its investment-banking business. This included income generated from investment placements for private equity and real-estate transactions. Consolidated revenues for the second quarter stood at $63.7 million, an increase of 4.8 percent.

Profit before impairment allowance for the first half of the year was $79.1 million, an increase of 34.1 percent. Consolidated operating profit for the second quarter increased by 23.5 percent to $40.5 million. Total operating expenses for the first half fell to $45.1 million from $51.4 million. Operating expenses for the second quarter dropped to $23.2 million from $28 million a year earlier.

Equity attributable to shareholders was $1.11 billion for the first half, compared with $1.14 billion a year ago. The total assets of the group increased by 10.3 percent to $4.3 billion.

“We are pleased with the continued growth in profitably for the first half of 2018,” said GFH Chairman Jassim Alseddiqi. “Enhanced results and revenue generation for the period were supported by increased contributions from the group’s investment-banking business, where it continues to demonstrate a strong ability to identify and bring to the market unique investment opportunities.”

Hisham Alrayes, the group’s CEO, added “In line with the Group’s strategy, the ongoing growth in our investment-banking business continues to drive enhanced results and profitably. In particular, during the period, improvements in income generation came from a number of strategic deals, including our landmark investment in the UAE-based Entertainer, and a notable trophy real-estate asset in Chicago.”