{"id":97147,"date":"2024-10-24T00:00:00","date_gmt":"2024-10-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/fashion-rental-platform-best-kept-shared-acquires-bazaara-plus-ihc-ups-stake-in-emircom\/"},"modified":"2024-10-24T00:00:00","modified_gmt":"2024-10-24T00:00:00","slug":"fashion-rental-platform-best-kept-shared-acquires-bazaara-plus-ihc-ups-stake-in-emircom","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/10\/24\/fashion-rental-platform-best-kept-shared-acquires-bazaara-plus-ihc-ups-stake-in-emircom\/","title":{"rendered":"Fashion rental platform Best Kept Shared acquires Bazaara. Plus: IHC ups stake in Emircom"},"content":{"rendered":"

Dubai-based e-commerce platform <\/strong>Best Kept Shared<\/a><\/strong> acquired fashion resale <\/strong>platform <\/strong>Bazaara<\/a><\/strong> for an undisclosed amount<\/strong>, according to Best Kept Shared\u2019s press release<\/a>. The acquisition will see Bazaara\u2019s network integrated into Best Kept Shared\u2019s existing infrastructure, expanding the latter\u2019s inventory as it looks to boost its user base. <\/p>\n

About the companies<\/strong> The company operates as a fashion rental platform by offering designer clothing and accessories for rent and resale. Bazaara is also a peer-to-peer resale platform. <\/p>\n

\n

OTHER M&A NEWS- <\/p>\n

IHC fully acquires Emircom: <\/strong>International Holding Company (IHC) increased its stake in IT firm Emircom<\/a> by an additional 46% for AED 292 mn, giving it 100% ownership of the company, according to an ADX disclosure (pdf)<\/a>. <\/p>\n

Background:<\/strong> In 2022<\/a>, IHC acquired a 54% stake in Emircom for USD 250 mn in a bid to expand its digital asset portfolio. <\/p>\n","protected":false},"excerpt":{"rendered":"

The e-commerce platform aims to capitalize on Bazaara\u2019s fashion renters<\/p>\n","protected":false},"author":1,"featured_media":97148,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[7,108,1344,60,642],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-97147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-enterpriseam-uae","tag-ihc","tag-ma","tag-ma-watch","tag-retail","wpautop","entry"],"acf":{"mongo_id":"b6bb443b-2dd7-4d35-ba67-9cb9a3a42c1d","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/2022.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Fashion rental platform Best Kept Shared acquires Bazaara. 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