Alabbar Enterprises, controlled by Dubai's businessman Mohammed Alabbar, invested in a 4% stake in online fashion retailer group Yoox Net-a-Porter (YNAP), which will help the group expand in the Middle East. The investment came in the form of a capital increase of EUR100 million (USD113 million) in YNAP paid for entirely by Alabbar. This is lower than the maximum amount previously approved by YNAP's shareholders of EUR200 million, as its financial needs were lower than initially estimated. The new shares were priced at EUR28 per share, at a 5.7% premium to YNAP's closing price on 18 April 2016. (Reuters)