Saudi retailer BinDawood to acquire majority stake in French TFI’s subsidiary

Saudi retailer BinDawood to acquire majority stake in French TFI’s subsidiary
The acquisition will be carried out by its subsidiary Future Retail for Information Technology Co. (Supplied)
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Updated 24 July 2022
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Saudi retailer BinDawood to acquire majority stake in French TFI’s subsidiary

Saudi retailer BinDawood to acquire majority stake in French TFI’s subsidiary

RIYADH: BinDawood Holding Co. has begun negotiations with the French TF1 group to acquire a majority stake in its subsidiary Ykone.

The acquisition will be carried out by its subsidiary Future Retail for Information Technology Co., which specializes in technology and retail solutions, according to a bourse filing

Ykone is a profitable global influencer marketing agency, with a proprietary technology offering, specializing in travel, beauty, fashion, and luxury brands, operating in Europe, Asia, the US, and the Middle East.