The Italian fashion house was up for sale last year after its owner struggled to cut its losses.
Investcorp has invested its $142 million maiden Indian fund into these five companies.
As RIZEK and Alibaba Cloud announce their partnership and China seizes opportunities in the Gulf, here other UAE-based companies that have inked partnerships with Chinese firms this year.
Libra has been repeatedly coming under fire from the regulators for its lack of transparency and fears that it would pose a risk to the global financial system.
The deal comes as FHH, which is majorly owned by Jordan’s Nuqul Group, eyes a listing by 2022.
Proceeds from the financing will be used to invest in new technologies and towards expansions in the UAE and Saudi Arabia.
GitLab's CEO says he's going public on November 18, 2020. Investors love it, pouring in $268 million at a $2.75 billion valuation.
Arabs are among the most charitable people in the world. Several Middle Eastern family businesses have now set up foundations that help society.