In today’s briefing:
- Yodobashi to Become Top 10 Retailer in Sogo Seibu Deal with Fortress
- BillionBricks Closes US$2.45M Seed Round to Build Affordable Net-Zero Homes
Yodobashi to Become Top 10 Retailer in Sogo Seibu Deal with Fortress
- Although there are some points to iron out, Fortress Investment is in the final stages of negotiation to purchase Sogo Seibu from Seven & I, with Yodobashi Camera as partner.
- This is an exciting move for Yodobashi as it should be an excellent choice to leverage Sogo Seibu’s better locations and create more competition for rivals like Bic Camera.
- Even so, some stores will no longer have a future under their existing banners and the acquisition will mark the final demise of a 170 year old brand and company.
BillionBricks Closes US$2.45M Seed Round to Build Affordable Net-Zero Homes
- BillionBricks, a Singapore-based climate-tech startup combining clean energy and large-scale affordable housing, has closed a US$2.45 million seed funding round.
- SGX-listed Thakral Corporation led the round with participation from ENGIE, a global low-carbon energy and services company.
- BillionBricks was founded in 2013 as a non-profit by architect Prasoon Kumar and venture capitalist Anurag Srivastava to address the global climate and housing crises.
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