Deals this week: Ted Baker, iFresh, Marchon Eyewear

20 July 2018 (Last Updated July 20th, 2018 09:59)

Ted Baker has signed a five-year licensing agreement with Delta Galil Industries Ltd for production and distribution of men’s underwear, loungewear and thermal wear.

Ted Baker has signed a five-year licensing agreement with Delta Galil Industries Ltd for production and distribution of men’s underwear, loungewear and thermal wear.

Ted Baker is a global lifestyle brand, while Delta Galil is an Israel-based producer of branded and private label apparels for men, women and children.

The 2019 spring/summer collection will include a range of men’s underwear, thermal base layers, pyjama sets and loungewear.

iFresh Inc has entered a common stock purchase agreement with TRITON FUNDS LP for the purchase of 90,910 shares priced at $5.50 each.

iFresh is a supermarket chain and online grocer, while TRITON FUNDS is a student-managed venture capital firm based in the US.

iFresh will initially issue 1,000 shares for TRITON FUNDS and an additional 4,000 shares if TRITON FUNDS acquires the first tranche of shares.

Marchon Eyewear Inc has entered a long-term global licensing agreement with G-III Apparel Group Ltd for introducing DKNY and Donna Karan New York eyewear. Both the companies involved in the transaction are based in the US.

The introduction of new product lines will start with the DKNY sun and optical eyewear.

The newly introduced products can be purchased in select department stores, speciality stores, premium sun and optical retailers, DKNY retail locations, as well as at DKNY.com.

“It will also focus on the expansion of physical retail operations with the opening of permanent brick and mortar locations from late-2018.”

The Good Stuff has secured $50m through a series B funding round led by Qiming Venture Partners.

The Good Stuff is a community-based e-commerce platform, while Qiming Venture Partners is a venture capital firm based in China.

The funding round has also involved participation from Joy Capital, Zhen Fund, K2VC, Welight Capital, and Gongqingcheng Jiateng Investment.

The firm intends to use the funds for the development of supply chain and business expansion.

Naadam has secured $16m through a Series A funding round led by Vanterra Capital.

The funding round has also included support from Torch Capital, U-Start Club, Trail Post Ventures, and Plug and Play Ventures.

The firm intends to use the stocks to concentrate on disrupting the luxury cashmere market and allow investments in marketing, advertising and brand communication to support triple-digit growth year over year.

It will also focus on the expansion of physical retail operations with the opening of permanent brick and mortar locations from late-2018.

Pinduoduo Inc intends to raise funds through an initial public offering of 85.6 million American depositary shares (ADS) for $1.62bn.

The shares are priced at a range between $16 and $19 per ADS. The underwriters have a 30-day option to buy an additional 12.84 million ADSs in the offering.

Credit Suisse Securities (USA) LLC, Goldman Sachs (Asia) LLC, China International Capital Corporation Hong Kong Securities Limited, and China Renaissance Securities (Hong Kong) Limited are the underwriters for the issue.

Pinduoduo intends to use the funds for its business expansion, research and development, general corporate purposes, and working capital requirements.