M&As this week: BBX Capital Corporation, Tokyo Base, Signa Retail
BBX Capital Corporation has acquired a 93% stake in US-based candy retailer IT'SUGAR for $57m in cash.
Also based in the US, the acquirer is a diversified holding company.
Tokyo Base plans to purchase a 49.4% stake in LOSCHILD, a clothing and accessories retailer.
Tokyo Base is a retailer of clothing, personal items and miscellaneous goods.
Both the companies involved in the transaction are based in Japan.
Germany-based Ecommerce Alliance has sold a 12% stake in luxury fashion platform operator Mybestbrands to Signa Retail.
Based in Austria, Signa Retail operates a chain of department stores.
Chinese online discount clothing retailer Vipshop Holdings has reached an agreement to sell a 4.48% stake in SRP Groupe.
Based in France, the target company is an e-retailer of fashion products.
The sale will be completed through private placement and include the sale of 3.11% voting rights in the target company through the book building process.
Hangzhou Liaison Interactive Information Technology intends to buy an additional 37.8% stake in Newegg, an online retailer based in the US.
The purchase consideration for the transaction is $179.3m.
The transaction will increase Hangzhou Liaison’s total stake in the target company to 93.5%.
Based in China, the acquirer develops a mobile terminal operation system, middleware platform and related application.