Facebook could use the underlying AI technology and GrokStyle’s employees to bolster its own efforts in the field. (Image: Bloomberg) Facebook Inc said it acquired visual shopping and artificial intelligence startup GrokStyle Inc in a move to bolster the social-media company’s own AI work. GrokStyle’s technology, which was integrated into Ikea’s mobile app, was simple in … Read More →
Lucapa Diamond Company Ltd has acquired a 70-percent stake in Mothae Diamonds (Pty) Ltd, which holds mining rights to the Mothae kimberlite diamond project in Lesotho, South Africa. Lucapa Managing Director Stephen Wetherall said the acquisition is in line with Lucapa’s strategy of continued growth as a diamond producer. Mothae complements the high-value Lulo diamond … Read More →
Chinese conglomerate Gangtai Group has purchased an 85 percent stake in Italian jeweller Buccellati, a recent report revealed. Private equity firm Clessidra earlier acquired 67 percent of the jeweller in 2013. After the sale to Gangtai, Clessidra and the Buccellati family will retain a 15 percent stake in the brand, a report from Luxury Daily said. Marco Carotenuto, managing … Read More →
United Legwear & Apparel (ULAC) has acquired San Diego based Wheat Group, a designer and distributer of accessories relating to sports and fashion. Product categories of Wheat Group include; bags; backpacks; hats and caps; knee-to-toe soccer gear; inflatable sports balls; small electronic goods such as earbuds; personal fitness equipment, etc. “Since 2011, Wheat Group has … Read More →