Luxury goods group Richemont said on Monday that it has concluded the merger of its high-fashion online retail business Net-A-Porter with Yoox, a global Internet retailer for fashion brands, and will receive 65,6m shares in the enlarged Yoox Net-A-Porter Group. Yoox owns popular
Browsing: Johann Rupert
JSE-listed Richemont has announced it will merge its high-fashion online retail business Net-A-Porter with Italy’s Yoox, a global Internet retailer for fashion brands that owns websites such as yoox.com
Shareholders in an unlisted and little-known company, ElementOne, will have heaved a collective sigh of relief after a consortium offered to acquire its full 39,4% share in the publishing and media company Caxton in a R2,3bn transaction was approved. There was
Wealthy South African businessman Johann Rupert has made a R2,3bn offer to buy a company which holds a large stake in Caxton, the Sunday Times reported. Rupert made the offer to buy ElementOne, which holds a 40% stake in Caxton and CTP Publishers and Printers, through his company Remgro
Stellenbosch’s SnapScan, whose smartphone application won MTN Business’s 2013 App of the Year award this week, is betting that consumers will take to the idea of making in-store payments using their mobile phones instead of credit or debit cards. SnapScan falls under FireID
South Africa’s wealthy Oppenheimer family is investing in the country’s technology sector. E Oppenheimer & Son has become an investor in a venture capital fund run by Cape Town’s 4Di Capital. The Oppenheimer investment – the value is not being disclosed – will
Last week’s purchase by Visa of Cape Town-based mobile payments company Fundamo in a US$110m all-cash deal demonstrates clearly how the race is on to provide electronic financial services using cellphones, especially in emerging markets
FireID, the promising Cape Town-based mobile security start-up, has found a white knight. Alan Knott-Craig Jr’s investment company World of Avatar has come to the firm’s rescue
The news that promising local start-up FireID has retrenched all its staff and is facing closure has been met with despondency by analyst firm Frost & Sullivan, which says the Cape Town-based company had a winning
FireID, a promising Cape Town-based start-up funded by billionaire Johann Rupert’s Reinet, is no more. The company retrenched its entire staff complement on Wednesday and will shut up shop