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Dubai-based e-commerce platform Best Kept Shared acquired fashion resale platform Bazaara for an undisclosed amount, according to Best Kept Shared’s press release. The acquisition will see Bazaara’s network integrated into Best Kept Shared’s existing infrastructure, expanding the latter’s inventory as it looks to boost its user base.
About the companies 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.
OTHER M&A NEWS-
IHC fully acquires Emircom: International Holding Company (IHC) increased its stake in IT firm Emircom by an additional 46% for AED 292 mn, giving it 100% ownership of the company, according to an ADX disclosure (pdf).
Background: In 2022, IHC acquired a 54% stake in Emircom for USD 250 mn in a bid to expand its digital asset portfolio.
