on Monday, will give SBM 19.9% of THG Ingenuity. It values THG Ingenuity at $6.3 billion, which is roughly what parent firm THGFormerly known as The Hut Group, THG owns several online beauty and nutrition brands such as Lookfantastic, Mankind, and Myprotein. It also sells its e-commerce software to companies including Unilever.
It added: "To effect the SBM investment, THG Ingenuity will be required to be a separate legal entity capable of receiving the investment and this process has already commenced." The investment will give Masayoshi Son's company, which has also invested in the likes of Uber, Slack and WeWork, roughly 10% of THG.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ESG investing to reach $1 trillion by 2030, says head of iShares Americas as carbon transition funds launchAs money pours into environmental, social and governance (ESG) investments, BlackRock's head of iShares Americas says this is just the beginning. ETFEdgeCNBC ESG is so bullshit, ESG people say invest in apple... umm pretty sure they use slave labor to make all their phones... ESG is just a term investors throw on their investments so they dont feel like they are destroying the world while they are
Source: CNBC - 🏆 12. / 72 Read more »
How E-Commerce Became A Technology Bread And ButterThe next age of e-business will be more connected and more inherently digitally architected. What factors should a business trying to lay down its electronic trading roadmap for the rest of the decade think about in terms of the toolsets and technologies that it will use on its journey to market? Top 5 richest person in the world
Source: Forbes - 🏆 394. / 53 Read more »
E-Commerce Mega-Warehouses, a Smog Source, Face New Pollution RuleSouthern California is home to the nation’s largest concentration of warehouses — a hub of thousands of mammoth structures, served by belching diesel trucks, that help feed America’s booming appetite for online shopping and also contribute to the worst air pollution in the country. On Friday, hundreds of residents flocked to an online hearing to support a landmark rule that would force the warehouses to clean up their emissions. The new rule, affecting about 3,000 of the largest warehouses in the area used by Amazon and other retailers, requires operators to slash emissions from the trucks that serve the site or take other measures to improve air quality. “I’m just tired of living with warehouses, trucks — driving down the Sierra, having trucks pull up, having to put down your windows,” said Daniel Reyes, a resident and member of a group that has long sought changes like these. “I’m tired of seeing warehouses next to schools. I’m over it, man.” Sign up for The Morning newsletter from the New York Times The rule, which was adopted late Friday by the South Coast Air Quality Management District’s 13-member board in a 9-4 vote, sets a precedent for regulating the exploding e-commerce industry, which has grown even more during the pandemic and has led to a spectacular increase in warehouse construction. Vast warehouse hubs have sprung up across the country, including in the Lehigh Valley in eastern Pennsylvania, as have sprawling installations in New Jersey, Dallas, Atlanta and Chicago. The changes could also help spur a more rapid electrification of freight trucks, a significant step toward reducing emissions from transportation, the country’s biggest source of planet-warming greenhouse gases. The emissions are a major contributor to smog-causing nitrogen oxides and diesel particulate matter pollution, which are linked to health problems including respiratory conditions. “This isn’t just something that’s happening in California; these warehouses are proliferating across
Source: YahooNews - 🏆 380. / 59 Read more »
Value Retail Switches On Virtual Shopping, and Sees Village Sales SoarValue Retail, which owns The Bicester Village Shopping Collection, still isn't interested in e-commerce, but it's struck gold with virtual sales and services.
Source: wwd - 🏆 24. / 68 Read more »
Malaysia's Axiata says AI unit gets $60 mln SoftBank Corp investmentMalaysian telecommunications firm Axiata Group Bhd (AXIA.KL) on Tuesday said Japanese peer SoftBank Corp (9434.T) will invest $60 million in its digital analytics and artificial intelligence (AI) arm ADA.
Source: Reuters - 🏆 2. / 97 Read more »