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Reebonz seeks to raise $150mn to boost sales

Bloomberg Reebonz Pte, Southeast Asia’s largest online luxury retailer, is planning to raise as much as $150 million to bolster its marketplace business and fund expansion in China, Japan and South Korea. Reebonz has been working with investment banks including Credit Suisse Group AG and Goldman Sachs Group Inc. since May to engage potential investors, Chief Executive Officer Samuel Lim ...

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‘Rolls-Royce may jump 85 percent by 2020’

Bloomberg Rolls-Royce Holdings Plc’s stock may rise 85 percent by 2020 as the company boosts its share of a growing market for aircraft engines, Eashwar Krishnan, managing partner of hedge fund Tybourne Capital Management said in Hong Kong. The company is at an “inflection point” Krishnan told the Sohn Conference. A low cash flow leads investors to undervalue Rolls-Royce, which ...

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flydubai inks MoU to boost cargo ops

Emirates Business Dubai-based airline, flydubai, and Mercator, a global provider of software platforms and product-enabled solutions to the travel and transport industry, have announced the signing of a seven-year extension to their air cargo management contract. The renewal agreement reaffirms the continuation of the strategic partnership initiated in 2012, designed to provide flydubai with a next-generation technology platform that enables ...

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