Rite Aid Corp. is running low on cash and preparing to sell itself in pieces as it heads toward its second bankruptcy, less than a year after the drug-store chain’s emergence from Chapter 11, according to people with...
Prada buys rival Versace for $1.38 billion to create Italian fashion powerhouse
Prada struck a deal on Thursday to buy smaller rival Versace from Capri Holdings for $1.375 billion, which includes its debt, in a move that unites two of the biggest names in Italian fashion. Prada is seeking to...
Couche-Tard, 7-Eleven face early hurdle on store divestiture plan
Convenience store chain giants Couche-Tard and Seven & i, who are taking steps to divest thousands of stores they collectively own in North America to ease regulatory concerns ahead of a potential merger, are faced...
Carrefour acquires convenience retailer Magne, to open more stores this year
French supermarket group Carrefour announced on Tuesday the acquisition of French convenience retailer Magne, which owns 101 stores in the south-east of France. Carrefour also plans to open 400 of its own convenience...
Reliance Industries transfers 100% stake in projects & property arm to Reliance Retail
Reliance Industries on Friday transferred its entire 100% stake in Reliance Projects & Property Management Services Ltd (RPPMSL) to Reliance Retail. With this transfer, RPPMSL has ceased to be a wholly owned...
South Africa’s Pepkor to buy Retailability adult clothing businesses
South Africa’s Pepkor said on Tuesday it will buy fashion businesses Legit, Swagga and Style and homewares brand Boardmans from privately owned retail group Retailability, as part of its expansion into the adult...
Fast-fashion retailer Forever 21 files for bankruptcy
Fast-fashion retailer Forever 21’s U.S. operating company on Sunday filed for Chapter 11 bankruptcy for the second time in six years, hamstrung by dwindling mall traffic and mounting competition from online...
Couche-Tard Rules Out Hostile Takeover on Japan’s Seven & i
Canadian convenience store and gas station operator Alimentation Couche-Tard Inc. said it won’t go hostile in its attempt to acquire long-time rival Seven & i Holdings Co. Couche-Tard’s top executives are in Tokyo...
Couche-Tard rejects Seven & i’s antitrust concerns over $47 billion takeover bid
Canada’s Alimentation Couche-Tard on Tuesday said it is confident there is a “clear path” to overcome U.S. regulatory hurdles in its proposed $47 billion acquisition of Japan’s Seven & i, and...
Seven & i likely to sell non-core business shares to Bain for $4.7 bln, Bloomberg says
Seven & i Holdings is likely to sell most of its non-core business holding company shares to Bain Capital for more than 700 billion yen ($4.69 billion), Bloomberg News reported on Wednesday citing people familiar...
Swedish food retailer ICA Gruppen sells Baltic business in $1.4 billion deal
Swedish grocery retailer ICA Gruppen said on Wednesday it would sell its Baltic subsidiary to Denmark’s biggest supermarket operator Salling Group in a deal worth 1.3 billion euros ($1.38 billion), excluding debt...
Seven & i Holdings picks Bain as preferred buyer in asset sale, media say
Japan’s Seven & i Holdings, operator of the 7-Eleven convenience store chain, has picked Bain Capital as its preferred buyer for a stake of its non-core assets, local media reported on Saturday. Bain has been...
