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Karim Janmohamed in Forbes 30 under 30 list

Karim Janmohamed serves as co-CEO of Karali North America

Karim Janmohamed in Forbes 30 under 30 list

ASIAN entrepreneur Karim Janmohamed has found a place in this year’s Forbes 30 Under 30 Cleveland list.

Janmohamed, 24, is the co-CEO of Karali North America, a franchise of fast-food restaurants in Ohio and Pennsylvania.


According to Forbes, the company owns 32 Burger King restaurants and over 700 employees. It is projecting $50 million in revenue this year.

The list featured millennials and Gen Z entrepreneurs in the food and beverage, technology and hospitality industries who are 'igniting an entrepreneurial renaissance in Cleveland'.

Janmohamed led the acquisition of a portfolio of Burger King restaurants across Ohio and Pennsylvania. He is also head of Investments and Strategy for the Karali Group.

It is a family-owned business with a four-decade-plus track record in the QSR and hospitality space across leading brands.

He joined Karali from a career in Investment Banking (M&A) at Evercore. Jammahomed is a graduate of the London School of Economics and the University of Cambridge.

His father Salim Janmohamed is the chairman and founder of the group which has over four decades of experience in the fast-food, casual dining and hospitality business.

Last year, Burger King’s UK arm acquired its second largest franchise operator Karali Group which owns 74 restaurants.

The group has been a long-standing franchise partner of both Burger King and Wimpy fast food outlets in the UK.

A keen philanthropist, Salim is an expert in the turnaround of operations, sales and profitability of businesses. He is a senior volunteer in his Ismaili community and plays an active part in the local communities.

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Scotch whisky production slows as tariffs and weak demand bite

The first half of this year showed Scotch exports worth £2.5bn

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Scotch whisky production slows as tariffs and weak demand bite

Highlights

  • American tariffs adding 10 per cent to costs, with further 25 per cent charge on single malts expected next spring.
  • Barley demand slumped from up to 1 million tonnes to 600-700,000 tonnes expected next year.
  • Major distilleries including Glenmorangie and Teaninich have paused production for months.
Scotland's whisky industry is facing a sharp downturn in production as it adapts to challenging market conditions worldwide, with US tariffs and weakening global demand forcing major distilleries to halt operations.

Tariffs introduced under the Trump administration have added 10 per cent to importers' costs in the industry's biggest export market.

American tariffs on single malts, suspended four years ago, are expected to return next spring with a further 25 per cent charge unless a deal is reached.

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