Naivas, controlled by Mauritian tycoon Arnaud Lagesse-led IBL, posts $19 million profit
Naivas, Kenya’s biggest retailer now led by Mauritius-based IBL Group, posted a 43% profit jump to $19 million in 2025 despite economic headwinds.
Arnaud Lagesse
IBL Group, led by Arnaud Lagesse, completes $117 million AfrAsia Bank stake sale
Mauritian tycoon Arnaud Lagesse’s IBL Group sells a $117 million AfrAsia Bank stake to Access Holdings to rebalance investments.
Mauritian tycoon Arnaud Lagesse’s IBL Group reports lower profit despite higher revenue
IBL Group, led by Arnaud Lagesse, reports $109.1 million profit, down 11%, as revenue climbs to $2.65 billion.
Mauritian tycoon Arnaud Lagesse's Phoenix completes $80 million acquisition in Seychelles
Phoenix Beverages buys 54.4% stake in Seychelles Breweries from Diageo to boost growth across East Africa and the Indian Ocean.
Mauritian businessman Arnaud Lagesse’s IBL Group posts $87 million profit
The results reflect the continued strength of its international operations, which helped cushion the impact of rising costs in its home market.
Arnaud Lagesse's Phoenix acquires $80 million stake in Seychelles Breweries from Diageo
The agreement strengthens the relationship between Diageo and Phoenix Beverages—a subsidiary of the Mauritius-based IBL Group.
Tourist arrivals help Mauritian Lagesse family-controlled LUX Island post $12.5 million profit
This boost in profit comes alongside a 16 percent increase in revenue, which rose from $99.6 million to $115.7 million in the first half of the year.
IBL Group to offload stake in Mauritian bank to Access Holdings’ UK subsidiary
Mauritian conglomerate led by Arnaud Lagesse seeks to unlock value from early investment in regional bank.
Mauritian tycoon Arnaud Lagesse guides IBL to record $2.2-billion revenue in H1 2024
IBL Group sees record-breaking revenue of $2.2 billion under Mauritian businessman Arnaud Lagesse's leadership.
Led by Mauritian mogul Arnaud Lagesse, Phoenix Beverages acquires stake in Africa Originals
The Competition Authority of Kenya (CAK) confirmed the clearance on Wednesday, refraining from disclosing the financial details of the transaction.
Mauritian tycoon Arnaud Lagesse’s IBL nearly doubles half-year revenue to over $1.1 billion
Arnaud Lagesse, along with his siblings Benoit, Hugues, Jean-Pierre, Thierry, and Stephane Lagesse, collectively holds a substantial 16.8-percent joint stake in IBL Group.
10 companies linked to Mauritian tycoon Arnaud Lagesse
From leading Mauritius’ largest conglomerate, IBL Group, to investments in Kenya’s retail sector through Naivas International.
Mauritian tycoon Arnaud Lagesse’s IBL to invest $60 million in East African buyouts
The move signals IBL’s strategic commitment to the Kenyan market and its broader expansion into East Africa under the visionary leadership of Lagesse.
Mauritian tycoon Arnaud Lagesse’s IBL to finalize drug firm Harley’s deal this month
IBL Group, under the leadership of Lagesse, stands as a leading conglomerate and one of the largest groups in Mauritius.
Firm tied to Mauritian Lagesse family poised to become majority shareholder in Naivas, Kenya’s largest retailer
Mambo Retail is an investment vehicle linked to IBL Group, a prominent Mauritius conglomerate led by Mauritian tycoon Arnaud Lagesse.
Mauritian tycoon Arnaud Lagesse’s IBL invests in Mambo Retail to acquire stake in Naivas
Arnaud Lagesse, alongside his siblings Benoit, Hugues, Jean-Pierre, Thierry, and Stephane Lagesse, holds a 16.8-percent joint stake in IBL.