Temasek news and archive

Li and Fung gets cash infusion for logistics firm

Li and Fung-owned company LF Logistics has received a cash injection of 300 million US dollars from Singapore-based investment company Temasek, after they agreed to acquire a 21.7 percent stake in the company. The investment values LF Logistics at approximately 1.4 billon US dollars on a post-money equity valuation basis. In a statement, Li and...

Business

Rent the Runway secures 200 million dollars in investment

Rent the Runway, the American clothing and accessories rental company, has announced a 200 million dollar credit facility in partnership with Temasek, an investment company from Singapore. Rent the Runway will use the funds to further boost its subscription service, which has grown 150 percent year-over-year and now accounts for half of the...