French media and business conglomerate Lagardere said on Wednesday it is moving closer to a sale of its Paris Match magazine to luxury goods giant LVMH, on an enterprise value price tag of 120 million euros ($130...
Australian retailer Woolworths to sell $303 mln stake in Endeavour Group
Australian retailer Woolworths said on Wednesday that it would sell a 5% stake worth A$468 million ($302.84 million) in Endeavour Group, almost three years after spinning out the liquor store and pub operator. The sale...
Apparel company Express seeks quick bankruptcy sale
Apparel retailer Express said on Tuesday that it needs to move quickly to a bankruptcy sale in order to avoid a complete liquidation of its business. Express filed for bankruptcy protection on Monday with a non-binding...
Thailand’s Central buys German luxury retail property KaDeWe
Thai retailer Central Group has acquired the landmark KaDeWe property in central Berlin from the insolvent Austrian company Signa in what it said was another step towards buying the group. Central said in a statement on...
Japan’s Seven & i says it is considering sale of superstore operations
Japanese retailer Seven & i Holdings said on Wednesday it was considering a listing of its superstore business, which is mainly comprised of supermarkets, as part of a plan to maximise corporate value. Under...
ABFRL proposes demerger of Madura Fashion into separate listed entity
Aditya Birla Fashion and Retail Ltd (ABFRL) is evaluating a vertical demerger of the Madura Fashion & Lifestyle business from itself into a separate listed entity, the company said in an exchange filing on Monday...
Two bidders in talks to buy German retail giant Galeria
The insolvency manager of German department store giant Galeria Karstadt Kaufhof said on Tuesday it will hold talks with two bidders who want to buy the nation’s most prominent retailer that filed for insolvency...
China’s JD.com walks away from offer for Britain’s Currys
China-based online retailer JD.com said on Friday it would not make an offer for British electricals group Currys, days after U.S. investor Elliott Advisors walked away. Shares in Currys, which slumped to a session low...
China’s CDH in talks to buy minority stake in $1.7 bln Vietnam grocery chain, say sources
China’s CDH Investments is in advanced talks to buy a minority stake in Bach Hoa Xanh (BHX) from Vietnam retailer Mobile World in a deal that could value the grocery chain at up to $1.7 billion, two sources with...
Colorado sues to stop $25 billion Kroger-Albertsons merger
Colorado’s attorney general filed a lawsuit on Wednesday seeking to block Kroger’s proposed $25 billion acquisition of rival supermarket chain Albertsons, saying consumers would be hurt, as the U.S. Federal Trade...
Barclays to buy most of Tesco’s banking arm for $757 million
Barclays will buy most of the banking operations of Britain’s biggest supermarket group Tesco for about 600 million pounds ($757 million), the companies said on Friday. The deal follows last month’s move by...
Brazil fashion companies Arezzo, Soma to merge, faced increasing competition
Brazilian fashion companies Arezzo&Co and Grupo Soma said they had agreed to a merger to create an entity which will be 54% controlled by Arezzo. The new company would have yearly revenues of 12 billion reais ($2.42...
