Industry News

Orlando Sentinel Sandra Pedicini column [Orlando Sentinel]
VF Corp. has closed the sale of its contemporary brands businesses to Israel-based apparel maker and marketer Delta Galil Industries, Ltd for USD120m, the company said."/>
M and A Navigator: Deal pipeline –29 August
Castro Model Ltd. has signed an agreement to buy half the shares in the Hoodies group at a valuation of NIS 356.4 million, representing 5.4 times Hoodies' EBITDA in 2015. Castro has bought 26.4% of Hoodies and received an option to raise its stake to 50%. The deal covers fashion chain Hoodies, accessories chain Top Ten, sunglasses chain Carolina Lemke, and international accessories chain Accessorize."/>
Fashion chain Castro buys stake in Hoodies [Globes, Tel Aviv, Israel]
Migdal Insurance and Financial Holdings Ltd. in October 2012 for $107.5 million, and the investment is now being realized. The building was constructed in 1990."/>
Harbor Group, Migdal sell CNN building in Washington [Globes, Tel Aviv, Israel]
Detroit Free Press Mark Phelan column [Detroit Free Press]
MediaTek, Temasek, Goldman Sachs and existing investors Alibaba Group and SAIF Partners, among others; according to three people close to the development. Taiwan's Foxconn and GIC are likely to participate too. The deal, which is likely to get closed in another 30-60 days, is expected to value One97 at about $5 billion,..."/>
Paytm parent in talks to raise around $300 million from MediaTek, Temasek, others [Mint, New Delhi]

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