Chalhoub Group to acquire a majority stake in Threads Styling.

Chalhoub Group, a distributor and retailer of luxury brands and provider of marketing services, agreed to acquire a majority stake in Threads Styling, a digital luxury retailer and personal shopping platform. Financial terms were not disclosed. “We are excited to partner with Chalhoub Group to further strengthen our proposition within the GCC. We have such a loyal customer base in the region and with Chalhoub Group’s presence in the market we have a unique opportunity to enhance our capabilities and continue Threads Styling’s journey alongside a strategic partner," Sophie Hill, Threads Styling Founder and CEO.