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Emaar Malls acuquired 51 percent stake in Namshi online fashion retailer

By on May 25, 2017 in Business in Dubai, Living in Dubai

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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