SK Holdings to Spend US$60 Million in North American Fashion Brands

SEOUL, Nov. 6 (Korea Bizwire) – SK Holdings Co., the holding firm of South Korean energy and telecoms conglomerate SK Group, said Monday that it has decided to invest a combined US$60 million in two North Americanfashion brands in a bid to diversify its revenue sources. SK Holdings said it will make the investment in Canada-based Mackage and U.S.-based fashion firm Alice+Olivia. The latest deal follows the purchase of a stake in a Chinese meat-processing firm last month. SK Holdings did not reveal the [...]