DUBAI: A Saudi conglomerate will buy the Middle East’s largest online children-goods retailer as it faces increasing competition from an Indian rival backed by SoftBank Group Corp.
Dubai-based Mumzworld said it signed a sales and purchase agreement with Jeddah-based Tamer Group, describing it as the region’s first “woman-led e-commerce transaction.” Financial details weren’t disclosed.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
