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South Korean retail heavyweight Shinsegae has drawn a US$938 million investment to help it build a major e-commerce business. Shinsegae has signed an initial funding agreement with BRV Capital and private equity company Affinity Equity Partners as it strives…
American Airlines Cargo safely delivered more than 3,000 pounds (1,500 kilograms) of priceless artifacts belonging to the Kinsey African American Art and History Collection from Los Angeles (LAX) to Hong Kong (HKG). Working with Cookes Crating, one of…
Burger King Korea has been snapped up by private equity investors. Affinity Equity Partners has completed the buyout of the Korean business of the US fast food brand for 210 billion won (US$183.3 million), after agreeing to terms in February. The vendor was…
From decade-long underdogs, South Korea’s indigenous private equity fund (PEF) operators have emerged as big players in the local financial industry, especially in the merger and acquisition (M&A) market. Breaking with their traditional role as mutual fund…
A carve-up of Tesco Asia operations seems increasingly likely with credible reports in three different nations now of serious expressions of interest. While markets await firm news of progress of HSBC’s quest to find a buyer for the Tesco Korea business, the…
Tesco’s obvious technique to attract out bidders for its Korean Homeplus operation is already paying off. Whereas personal fairness gamers have been apparently despatched invites to bid, the best way the information of the as but formally unconfirmed sale…
