Emaar first bought a 51 per cent stake in Namshi for $151 million in 2017 from Rocket Internet’s Global Fashion Group. It later acquired the remaining stake in the online fashion retailer for $129.5m. Photo: Pawan Singh / The National
Emaar first bought a 51 per cent stake in Namshi for $151 million in 2017 from Rocket Internet’s Global Fashion Group. It later acquired the remaining stake in the online fashion retailer for $129.5m.Show more

Business

Markets

Emaar to sell fashion retailer Namshi to Alabbar’s Noon for $335.2m

Developer will receive the equity value as cash consideration

Deepthi Nair
Deepthi Nair

August 20, 2022

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