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IMM Private Equity to acquire 60 percent of Korean fashion retailer W Concept Korea

The Korean asset manager IMM Private Equity has announced it will be acquiring a 60 percent stake in fashion retailer W Concept Korea from its parent firm ISE Commerce, for 61.2 billion won (circa 54.2 million dollars). After the deal closes, ISE Commerce will retain a 20 percent holding in the fashion brand, according to a regulatory filing....