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Giochi Preziosi sells stake in retail business to joint venture partner Artsana

Giochi Preziosi sells stake in retail business to joint venture partner Artsana
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Maxi Toys stores to become King Jouet in France

Toy chains King Jouet and Maxi Toys are intensifying their cooperation: in France, all stores will be branded as King Jouet (as is the case in Switzerland). In Belgium and Luxembourg, they will remain Maxi Toys stores. No jobs will be lost.

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Hong Kong startup ICW eyes supply chain diversification demand amid trade war – TechCrunch

Hong Kong startup ICW eyes supply chain diversification demand amid trade war For American importers, finding suppliers these days can be challenging not only due to COVID-19 travel restrictions. The U.S. government’s entity list designations, human-rights-related sanctions, among other trade blacklists targeting Chinese firms have also rattled U.S. supply chains. One young company called International Compliance Workshop, or ICW, is determined to make sourcing easier for companies around the world as it completed a fresh round of funding. The Hong Kong-based startup has just raised $5.75 million as part of its Series A round, boosting its total funding to around $10 million, co-founder and CEO Garry Lam told TechCrunch.

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