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GIC set to buy stake in Starbucks Korea for $700 mn

GIC set to buy stake in Starbucks Korea for $700 mn The sovereign wealth fund may consider Starbucks Korea s IPO as an exit option By Singapore s sovereign wealth fund GIC Private Ltd. is set to sign an agreement next week to buy a 30% stake in Starbucks Korea from the coffeehouse chain s parent company for 800 billion won ($700 million), according to investment banking sources. As part of the upcoming deal, Seattle-based Starbucks Corp. is selling its remaining 20% stake in the South Korean joint venture to E-Mart Inc. which will eventually end up with a 70% stake in Starbucks Korea. E-Mart is Shinsegae Group s supermarket chain. 

Shinsegae Group goes asset-light in e-commerce push

Shinsegae Group goes asset-light in e-commerce push
kedglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kedglobal.com Daily Mail and Mail on Sunday newspapers.

Lidl GB: 860 store milestone and opening 50 new stores this year

Lidl GB: 860 store milestone and opening 50 new stores this year
freshplaza.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freshplaza.com Daily Mail and Mail on Sunday newspapers.

Grocery Outlet: 400-store mark

Grocery Outlet: 400-store mark
freshplaza.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freshplaza.com Daily Mail and Mail on Sunday newspapers.

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