S. Korea's Shinsegae, E-Mart to get $940m from Affinity, BRV Capital for online foray

S. Korea's Shinsegae, E-Mart to get $940m from Affinity, BRV Capital for online foray

South Korean department store operator Shinsegae and its supermarket affiliate said they have signed a preliminary deal for more than 1 trillion won ($940 million) in investment from private equity firms for a planned online business company.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter