FUNDING, MERGERS & ACQUISITION NEWS

This expansion focuses on three key pillars: strengthening Kempinski’s Chinese Heritage Portfolio, launching a new lifestyle brand tailored to Chinese consumers, and elevating the NUO brand as a global benchmark in culturally rich luxury hospitality.

Eligible companies must be less than three years old, generate under US$1 million in annual revenue, employ between two and 30 people, and have secured between US$450,000 and US$500,000 in seed or early-stage funding.

Despite the sale, IMC’s market capitalization remains below the valuation of its KFC operations, currently standing at approximately US$55 million.

GrubMarket’s latest investment underscores its increasing focus on artificial intelligence (AI) and digital transformation in the food supply chain.

This strategic move strengthens Corinthia’s presence in one of the world’s most prestigious hospitality markets, reinforcing its commitment to high-end developments.

Subject to regulatory approval, the joint venture aims to develop and expand routes between the UAE and Ethiopia while enhancing connectivity across both networks.

Hyatt has successfully priced US$500 million in both three-year and seven-year fixed-rate bonds.

The planned investment will not only support new outlet openings but also strengthen CPRL’s digital capabilities and accelerate McCafe’s growth.