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GIC

GIC Archives

Singapore’s GIC joins Fortress bid for UK supermarket Morrisons

Britain's fourth-largest supermarket has agreed to a takeover led by SoftBank-owned Fortress Investment Group.

Starbucks confirms sale of stake in South Korean business

The deals are expected to be completed during the next 90 days.

GIC creates joint venture mall business in India

GIC will acquire a significant minority stake in a portfolio of retail-led mixed-use developments in Mumbai and Pune.
Image of coffee cup

Starbucks US sells its stake in South Korean business

If all deals are closed, Starbucks South Korea is estimated to be worth more than US$2 billion.

Asia dominates global retail acquisitions in September

Asian deals dominated global retail acquisitions in September according to a database compiled by GlobalData.

GIC buys into Vietnam’s Vingroup retail unit

A GIC-led investment group has purchased a minority shareholding in a Vingroup JSC retail business for US$500 million.

In less than a year, Luckin Coffee already worth $2.2 billion

Fast-growing Chinese cafe chain Luckin Coffee has raised US$200 million in its latest funding round.

Less than a year old, Luckin Coffee value now up to US$2billion

Fast-growing Chinese coffee chain Luckin Coffee is seeking a new round of funding which would value it at US$1.5–2 billi...

China’s Luckin Coffee worth $1 billion after just nine months

Nine-month-old Luckin Coffee has raised US$200 million to fund expansion, valuing it at $1 billion.

Singapore’s GIC injects US$91 million into E-Land Group

Singapore’s GIC has injected KW100 billion (US$91 million) into Korean retail major E-Land Group.