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…
Male shoppers rise in retail industry
Lotte Department Store threw a party for some 200 of its VIP customers last October.…
Authentic Brands Group acquires Barney’s New York
After much speculation, Authentic Brands Group (ABG) announced that it will acquire Barney’s New York. The global brand development company first placed a bid for the fashion company in mid-October 20…