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Benzinga
Benzinga
Business
Triveni Kothapalli

GigaCloud Buys New Classic Home Furnishing To Strengthen US Furniture Push

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GigaCloud Technology, Inc. (NASDAQ:GCT) announced on Friday that it will acquire New Classic Home Furnishing, Inc., a U.S.-based furniture distributor, as part of its strategy to strengthen its position in the North American furniture market.

Acquisition Terms and Strategic Rationale

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