Tags : Lisa Merod

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”), to sell 100% of its stake in online fashion retailer Namshi Holding Limited (“Namshi”) for an agreed amount of AED 1.23 billion (USD335.2 […]