The Nordstrom family teamed up with Mexican retailer Liverpool to clinch a $4 billion deal to take iconic department store chain Nordstrom private, six years after a similar attempt fell short. Nordstrom and rivals such...
Alibaba to sell department store chain Intime for $1 bln
Alibaba Group said on Tuesday that it will sell its department store unit Intime to a consortium comprising of textiles firm Youngor Fashion and some of Intime’s management for 7.4 billion yuan ($1.02 billion)...
Kroger’s $25-bln deal for grocery rival Albertsons blocked by US courts
A U.S. judge blocked the pending $25-billion merger of U.S. grocery chains Kroger KR.N and Albertsons on Tuesday, in a win for the Federal Trade Commission that Kroger has said would likely scuttle the deal. The FTC...
Russian retailer Lenta acquires pharmacy chain for undisclosed sum
Russian supermarket chain Lenta on Monday said it had acquired Russia’s second-largest chain of pharmacy stores for an undisclosed sum, adding over 1,500 stores to Lenta’s portfolio and giving the company a...
Mexican retailer Elektra to propose going private
Mexican retailer Grupo Elektra on Wednesday called a shareholders’ meeting in which it will propose privatizing the company, which would make it the latest to exit Mexico’s main stock exchange. Trading in...
NCLAT dismisses plea seeking insolvency against Amazon Wholesale
The National Company Law Appellate Tribunal (NCLAT) has set aside a petition seeking to initiate insolvency proceedings against Amazon Wholesale (India). A three-member NCLAT bench upheld the order passed by the...
Mike Ashley’s Frasers buys South African firm Holdsport
Sportswear and apparel retailer Frasers, owned by billionaire Mike Ashley, said on Tuesday that it has bought South African sporting goods firm Holdsport Group from Old Mutual Private Equity and Holdsport’s...
Couche-Tard chairman says no hostile takeover bid for Seven & i, Nikkei reports
Alimentation Couche-Tard is not considering a hostile takeover bid for Japan’s Seven & i, the Nikkei business daily quoted the Canadian suitor’s chairman and co-founder, Alain Bouchard, as saying. In an...
Blackstone in advanced talks to acquire shopping center owner Retail Opportunity, sources say
Blackstone is in advanced talks to acquire Retail Opportunity Investments Corp, which owns U.S. shopping centers and has a market value of $3.4 billion including debt, according to people familiar with the matter. If...
South African fashion retailer TFG buys UK’s White Stuff
South African fashion and homewares retailer TFG has bought UK-based fashion and lifestyle retailer White Stuff, it said on Friday, adding the deal will help it reach “critical mass”. The acquisition was...
France’s Fnac to reach 71.5% stake in Unieuro
Fnac Darty on Friday presented the preliminary results of its tender offer for Italian consumer electronics distributor Unieuro, saying it would aim to acquire an additional 67.1% stake in the company, building on the 4...
Seven & i makes no mention of $47 billion buyout bid in laying out growth plan
Japanese conglomerate Seven & i Holdings laid out a growth plan on Thursday that focused on its core 7-Eleven convenience stores and avoided any mention of a $47 billion takeover bid from Canada’s Alimentation...
