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Tag: stake

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

September 3, 2024 1 Comment Business ,

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 No Comments Business , , , ,

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 No Comments Business , ,

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 No Comments Business , ,

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 to [...]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 No Comments Business , ,

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 No Comments Business , , ,

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 No Comments Business , , ,

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 No Comments Business , , ,

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 No Comments Business , , ,

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 No Comments Social media marketing , ,

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