The Australian payment card market is forecast to lift 8 percent in 2021, after a sluggish growth rate of 0.8 percent in 2020 – a year hindered by the Covid-19 pandemic and a reduction in consumer and…
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Clarins owner buys stake in Pai Skincare
London-based organic skincare brand Pai announced it has inked a US$9 million Series B investment, led by France-based Famille C Venture, a private investment firm of the Courtin-Clarins family, found…
Gulf Marketing Group acquires Royal Sporting House
Gulf Marketing Group, Middle East’s family-owned holding companies, is expanding its global presence in the sports retail market through the purchase of Royal Sporting House, a multi-brand sport…
JD.com, Blackstone looking to acquire Fancl’s Asia distributor
Fancl Corp is currently being considered for purchase by up to ten suitors, including JD.com and Blackstone, according to a Reuters report.…
Groupe Arnault to acquire 27% stake of Lagardère Holding Company
Moving forward with plans to invest in the embattled publishing and retail company Lagardère SCA, Groupe Arnault said it will buy 27% of Lagardère Capital & Management, which holds a stake in the…
Brooks Brothers to be purchased by SPARC Group
Brooks Brothers said that it entered into a $305 million “stalking horse” purchase agreement with retailer SPARC Group LLC.…
Pinduoduo announces private placement of $1.1 billion
Pinduoduo Inc., a Chinese technology platform, announced that certain long-term investors have agreed to purchase through a private placement a total of US$1.1 billion.…
Pernod Ricard becomes owner of Ultra-Premium dry gin brand Monkey 47
Pernod Ricard announced the purchase of the remaining stake in the Ultra-Premium dry gin brand Monkey 47.…
JD.com to repurchase $2.0 billion shares
JD.com, Inc. announced that its board of directors has authorized a share repurchase program under which the company may repurchase up to US$2.0 billion of its shares over the next 24 months.…
Update: LVMH to purchase Tiffany for $16.3 billion
LVMH is close to buying U.S. jewelry chain Tiffany & Co (TIF.N) for about $16.3 billion after sweetening its offer, as the owner of Louis Vuitton and Bulgari aims to tap the fast-growing luxury j…