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Announced

KKR have completed an equity financing with Channel Control Merchants.

Synopsis

KKR, a leading global investment firm have completed an equity financing with Channel Control Merchants, an extreme value retailer of secondary market inventories. Financial terms were not disclosed. "We are pleased to have the backing of a sophisticated investment partner who has deep industry expertise investing in the retail sector. KKR understands our business well and shares our vision for the future. This is an exciting new chapter for our growing retail and export businesses and we look forward to our partnership with KKR," Robert A. Roberts, Channel Control Merchants CEO.

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