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...
Reliance forms joint venture with Mothercare
India’s leading retailer Reliance Retail Ventures Ltd on Thursday announced to form joint venture with Mothercare plc, a global specialist in products for parents and young children. Reliance Brands Holding UK...
Mulberry majority shareholder rejects selling to Frasers
The majority shareholder in luxury brand Mulberry on Sunday said it had no interest in selling any of its stake to sportswear and apparel retailer Frasers Group, in a statement designed to end Frasers’ takeover...
Japan’s Seven & i, facing a $47 billion Couche-Tard bid, to separate some assets
Seven & i Holdings announced on Thursday a roadmap to hive off underperforming businesses and focus on its convenience store operations, as the retailer aims to fend off a $47-billion takeover bid from...
Seven & i to start majority stake sale in supermarkets by year-end: Nikkei
Japan’s Seven & i Holdings plans to seek buyers for a majority stake in its supermarket businesses, including its flagship Ito-Yokado, with the process to begin as early as the end of this year, Nikkei...
UK’s AO World to buy musicMagpie in $13.3 million deal
UK online electricals retailer AO World said on Wednesday it would buy the retailer of used smartphones and electronic products musicMagpie for about 10 million pounds ($13.3 million) to boost its mobile and consumer...
SpaceMantra pulls out resolution plan for Future Lifestyle
SpaceMantra, the winning bidder to take over Kishore Biyani’s retail brand outlet Future Lifestyle Fashions (FLFL), has withdrawn its resolution plan for the company days before lenders overwhelmingly voted for...
NCLT admits Future Group affiliate Acute Retail Infra under the insolvency resolution process
The bankruptcy court on Monday admitted Future Group’s affiliate Acute Retail Infra Pvt Ltd for Corporate Insolvency Resolution Process (CIRP) in an application filed by Avendus Finance Pvt Ltd after the company...
