M&As this week: The Hut Group, GIC, Fujian Septwolves Industry
UK-based online health and beauty retailer The Hut Group has completed the acquisition of RY.com.au.
Based in Australia, the target company is an online beauty retailer that also has two bricks-and-mortar salons in Burleigh and Southport in Queensland, Australia.
Singapore private equity firm GIC has acquired a 5.04% stake in BGF Retail.
The transaction involved the acquisition of more than 2.5 million of the target company, which is a franchise chain convenience stores operator in South Korea.
Fujian Septwolves Industry has reached an agreement to acquire an 80.1% stake in Karl Lagerfeld Greater China (KLGC) for $36m, with the aim of global expansion and upgrading and accelerating its retail model.
Based in China, the acquirer company provides men’s clothing products and accessories, whereas the target company is a designer and retailer of handbags, watches, shoes, clothing and others based in the UK.
UK-based private equity firm YFM Equity Partners has disposed of its stake in kitchens and furniture manufacturer and retailer Harvey Jones Kitchens.
US-based hot pepper and tomato seeds grower and seller Pepper Joe's has been acquired by Clickstop.
Also based in the US, the acquirer is an e-commerce retailer.