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Emaar Malls acuquired 51 percent stake in Namshi online fashion retailer

Emaar Malls has announced that it has acquired a 51 per cent stake in Namshi, the online retailer owned by Germany based Rocket Internet. Emaar Malls will acquire a 51 percent stake in Namshi for 151 million dollars. Five-year old Namshi made its first annual profit last year on revenues of Dh555m – which indicates […]

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