GlamBox Middle East, has announced it has been acquired by a Saudi Arabian-based consortium of investors.
According to an article from www.entrepreneur.com, the details of the company remain undisclosed, however, GlamBox co-founders, Shant Oknayan, Fares Akkad, Christos Mastoras and Marc Ghobriel, were quoted saying, "The buyer is a KSA consortium of investors that was an existing investor in GlamBox. Seeing the significant growth in the company, the investors expressed interest in acquiring the company. While we have been approached by numerous potential buyers in the last few years, the current buyers made sense from many perspectives, particularly the fact that they were already involved in GlamBox.”
For the full article, please visit: www.entrepreneur.com