latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/spear-capital-invests-in-south-african-e-commerce-retailer-8211-businesstech-58780524 content esgSubNav
In This List

SPEAR Capital invests in South African e-commerce retailer – BusinessTech

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Banking Essentials Newsletter: September Edition


SPEAR Capital invests in South African e-commerce retailer – BusinessTech

Private equity firm SPEAR Capital recently invested 100 million South African rand in e-commerce fashion retailer RunwaySale (Pty) Ltd., BusinessTech reported.

The Cape Town, South Africa-based retailer will use the investment in part to support marketing, stock and production growth.

RunwaySale also named Christophe Gaigneux, a former online chief executive for TJ Maxx's European division, to its advisory board.

As of May 22, US$1 was equivalent to 17.71 South African rand.