Executive Summary

• This week, FBIC attended the inaugural RISE tech conference in Hong Kong, hosting 525 start-ups and 5,000 attendees over two days
• Neiman Marcus Group submitted its filing for an initial public offering, seeking to raise up to $100 million
• Etsy, the online marketplace for handmade items, is set to launch in Selfridges as part of the store’s “festive concept space”
• Celesio, parent of both LloydsPharmacy and Sainsbury’s, announced that LloydsPharmacy will acquire Sainsbury’s pharmacy business for US$195 million