Canadian retailer Alimentation Couche-Tard on Thursday pulled its $47 billion bid to buy Seven & i Holdings, citing a lack of constructive engagement by the Japanese retailer. The surprise move ends what could have...
Ulta Beauty enters UK with retail chain Space NK’s acquisition
U.S. cosmetics retailer Ulta Beauty on Thursday announced its entry into the British market with its purchase of high street chain Space NK. Founded by beauty industry veteran Nicky Kinnaird, Space NK offers premium...
Reliance Retail acquires minority stake in UK-based FACEGYM
Reliance Retail Ventures Ltd (RRVL), the holding company for all retail businesses of Reliance Industries, has made a “strategic minority investment” in UK-based Facegym which is into facial fitness and skincare...
Singapore International Arbitration Centre rules in favour of Amazon in Future Group case
The Singapore International Arbitration Centre (SIAC) has ruled in favour of Amazon in its long-standing legal battle with Kishore Biyani-led Future Group, holding that Reliance Retail-Future merger deal breached its...
Struggling retailer Homeplus gets approval for sale plan from South Korean court
A South Korean court approved on Friday grocery retailer Homeplus’s plan to sell the struggling company, in a move that the court said was aimed at providing funds to repay creditors and to ensure job security for...
MBK plans to sell its troubled Korean supermarket chain Homeplus
MBK Partners is seeking to sell its embattled South Korean supermarket chain Homeplus by issuing new shares, to avert liquidation of the retailer, the Northeast Asia-focused private equity firm said on Friday. The firm...
Tata’s Trent trims stake in Zara, Massimo Dutti JVs with Inditex
Trent Ltd has pared its stakes in its joint ventures with Spanish fashion giant Inditex Group to operate the Zara and Massimo Dutti brands in India, even as Tata Group’s retail arm aggressively expands its own business...
UK’s Revolution Beauty explores sale after takeover approach
British makeup and skin care retailer Revolution Beauty said on Wednesday it was exploring a sale after it received a preliminary takeover approach. The move comes days after the company said it was reviewing its...
Brazil’s antitrust body to approve Petz, Cobasi merger, local media reports
Brazil’s antitrust body Cade is set to approve this week, without restrictions, the merger of two retailers of products for pets, Cobasi and Petz, local news outlet Brazil Journal reported on Monday, citing...
Dick’s Sporting Goods closes in on deal to buy rival Foot Locker, WSJ reports
Dick’s Sporting Goods was nearing a deal to buy rival footwear retailer Foot Locker for about $2.3 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The companies have...
Couche-Tard advances deal talks for Japan’s Seven & i with access to books
Alimentation Couche-Tard (ACT) and Japan’s Seven & I said they have signed a non-disclosure agreement (NDA) that will give the Canadian company access to the Japanese retailer’s financial data as it...
Decathlon plans to sell 30% stake in China business, Bloomberg News reports
French sporting goods retailer Decathlon has started a process to sell about 30% stake in its China business, with a deal potentially valuing the unit at about $1 billion or more, Bloomberg News reported on Tuesday. The...
