Mikhail Fridman

International News

L1 Retail to invest up to $3bn in the retail stars of tomorrow

Indiaretailing Bureau - December 20, 2016

LetterOne (L1), the international investment business, on Tuesday announced the launch of L1 Retail, a new retail investment arm.L1 Retail aims to find and develop 21st century retail stars, initially in Europe, including the UK, and in the emerging markets (with the exception of Russia). It will invest up to $3 billion in a small number of retailers that have the...

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