stake Archives

CapitaLand Integrated Commercial Trust to buy 50% stake in Singapore mall

September 3, 2024 mpsingh No Comments Business Buy, CapitaLand, Commercial, Integrated, mall, Singapore, stake, Trust

By Reuters Published Sep 3, 2024 CapitaLand Integrated Commercial Trust will acquire a 50% stake in Singapore’s ION Orchard mall for an agreed property value of S$1.85 billion ($1.42 billion), the real estate investment trust said on Tuesday. Reuters As per the deal, CapitaLand Integrated will acquire an entire stake in CapitaLand Retail Singapore Investments, [...]read moreCapitaLand Integrated Commercial Trust to buy 50% stake in Singapore mall

Frasers Group increases ANZ retail footprint with Accent Group stake

August 28, 2024 mpsingh No Comments Business Accent, ANZ, footprint, Frasers, Group, increases, retail, stake

Frasers Group CEO Michael Murray said in July that 2024 was a “breakout year” for building Frasers’ future growth. And so the group’s expansion by acquisition continues, taking a near-15% share in major Australia/New Zealand performance/lifestyle retailer Accent Group. Although terms haven’t been released, local reports put the deal at A$165 million (£84.6 million). One [...]read moreFrasers Group increases ANZ retail footprint with Accent Group stake

Chanel buys minority stake in cutting-edge Swiss watchmaker MBF

August 22, 2024 mpsingh No Comments Business buys, Chanel, CuttingEdge, MBF, Minority, stake, Swiss, watchmaker

By Bloomberg Published Aug 22, 2024 Chanel Ltd. is buying a minority stake in Swiss watch brand MBF in a deal that will give the independent watchmaker financial security while boosting the French fashion brand’s standing in the high horology industry. See catwalkChanel – Cruise Collection2025 – Womenswear – Marseille – ©Launchmetrics/spotlight Known for its [...]read moreChanel buys minority stake in cutting-edge Swiss watchmaker MBF

TJ Maxx owner gains mideast access with Brands for Less stake

August 22, 2024 mpsingh No Comments Business access, Brands, gains, Maxx, mideast, owner, stake

By Bloomberg Published Aug 22, 2024 The owner of T.J. Maxx has acquired a 35% stake in Dubai-based Brands for Less for $360 million, giving the US discount retailer access to fast-growing consumer markets in the Middle East. Reuters TJX Cos. is buying into the firm at an enterprise value of $1.2 billion, according [...]read moreTJ Maxx owner gains mideast access with Brands for Less stake

Nike rises after Bill Ackman’s Pershing Square discloses stake

August 15, 2024 mpsingh No Comments Business Ackmans, Bill, discloses, Nike, Pershing, rises, Square, stake

By Bloomberg Published Aug 15, 2024 Nike Inc. shares gained in late trading on 14 August after Pershing Square Capital Management LP disclosed a new stake in the world’s largest sportswear company. Reuters The investment firm run by Bill Ackman revealed in a regulatory filing Wednesday afternoon that it holds about 3 million shares in [...]read moreNike rises after Bill Ackman’s Pershing Square discloses stake

L’Oreal to acquire 10% stake in Swiss skin care firm Galderma

August 5, 2024 mpsingh No Comments Business acquire, care, Firm, Galderma, LOreal, Skin, stake, Swiss

By Reuters Published Aug 5, 2024 French cosmetics company L’Oreal is to acquire a 10% stake in Swiss skin care firm Galderma, the two companies said on Monday. Reuters “L’Oreal today announces the acquisition of a 10% stake in Galderma Group AG from Sunshine SwissCo AG (a consortium led by EQT), Abu Dhabi Investment Authority [...]read moreL’Oreal to acquire 10% stake in Swiss skin care firm Galderma

G-III Apparel Group, Ltd. announces an increase in its stake in fashion group AWWG

July 31, 2024 mpsingh No Comments Business Announces, apparel, AWWG, fashion, GIII, Group, increase, stake

The parent company of Donna Karan and Karl Lagergeld is increasing its investment in AWWG. After acquiring a stake in the Spanish group that owns Pepe Jeans London, Hackett and Façonnable last June, G-III Apparel is increasing its holding from 12% to 19% in order to “maximise its growth opportunities in Europe,” according to a [...]read moreG-III Apparel Group, Ltd. announces an increase in its stake in fashion group AWWG

Hammerson sells its stake in Bicester Village owner to L Catterton vehicle

July 22, 2024 mpsingh No Comments Business Bicester, Catterton, Hammerson, owner, sells, stake, Vehicle, Village

British property giant Hammerson has sold its stake in one of the world’s most important luxury retail operators — Value Retail, which owns Bicester Village among other locations. And the buyer is a unit formed by acquisitive LVMH-back L Catterton. Bicester Village Hammerson holds around 40% of Value Retail and said Monday that it has [...]read moreHammerson sells its stake in Bicester Village owner to L Catterton vehicle

Saudi wealth fund offers to boost stake in Selfridges to 50%

July 22, 2024 mpsingh No Comments Business Boost, fund, Offers, Saudi, Selfridges, stake, Wealth

By Bloomberg Published Jul 22, 2024 Saudi Arabia’s Public Investment Fund has made an offer that would boost its stake in Selfridges to 50%, according to documents seen by Bloomberg News, after the UK department store’s co-owner fell into insolvency. Selfridges PIF already owns a 10% share in the Selfridges properties and has offered to buy [...]read moreSaudi wealth fund offers to boost stake in Selfridges to 50%

Meta Considers Buying 5% Stake in Sunglass Maker EssilorLuxottica

July 22, 2024 mpsingh No Comments Social media marketing buying, considers, EssilorLuxottica, maker, Meta, stake, Sunglass

Could Meta be moving into the world of fashion? I mean, CEO Mark Zuckerberg has certainly made an effort to become more fashionable of late, and with its Ray Ban Stories glasses becoming a more in-demand accessory, it’s not so hard to imagine a future where Meta could also be a fashion brand in itself. [...]read moreMeta Considers Buying 5% Stake in Sunglass Maker EssilorLuxottica