Latham & Watkins has advised Chimera Abu Dhabi (Chimera) on its equal joint venture with Haeres Capital (Haeres) to create ChimHaeres Investment Holding (ChimHaeres), an investment vehicle that will deploy its capital towards the acquisition and expansion of luxury and lifestyle brands, with a particular initial focus on Italy, France, Switzerland, and the United Kingdom. […]
Deal & transactions
Fashion, Luxury & Design
United Arab Emirates
Majid Al Futtaim Lifestyle secures a partnership with Poltrona Frau
Majid Al Futtaim, a leader in fashion, shopping mall, communities, and leisure segment across the Middle East, Africa, and Asia, has entered into a strategic partnership with Poltrona Frau, the luxury Italian furniture brand. As
Fashion, Luxury & Design
IPOs
Saudi Arabia
Alsaif Gallery completes SAR1.2 Bil IPO and listing on Tadawul
The Law Firm of Salman M. Al-Sudairi and Latham & Watkins have advised Al-Saif Stores for Development & Investment Company (“Alsaif Gallery”), which operates in the home appliances and kitchenware retail sector in the Kingdom
Deal & transactions
Fashion, Luxury & Design
United Arab Emirates
Chalhoub Group acquires majority stakes in Threads Styling
Luxury retail operator, Chalhoub Group has acquired a majority stake in Threads Styling, a London based digital luxury retailer and personal shopping platform. Chalhoub Group acquired all shares of Threads Styling, with the exception of
Deal & transactions
Egypt
Fashion, Luxury & Design
Al Tamimi & Co advises ECC on the acquisition into
Egyptian Company for Cosmetics (“ECC”), an Egypt-based specialised contract manufacturer for the cosmetics and personal care industries, has acquired a majority stake in beauty products marketplace Source Beauty, for an undisclosed amount.
Deal & transactions
Fashion, Luxury & Design
United Arab Emirates
Noon to acquire Emaar’s fashion venture Namshi for AED 1.23B
Emaar Malls Management (“Emaar Malls”) has entered into a definitive share purchase agreement with Noon, an e-commerce company backed by Dubai billionaire Mohamed Alabbar and Saudi Arabian sovereign fund the Public Investment Fund (“PIF”),&
