Brazilian retailer Lojas Americanas SA said on Wednesday it had agreed to acquire grocery chain Hortifruti Natural da Terra for 2.1 billion reais ($402 million), in a strategic move into the fresh foods sector...
Retail
Amazon draws up blueprint to bail out Future group
Amazon.com Inc. is preparing a bailout plan for cash-strapped Future Retail if the Singapore International Arbitration Centre (SIAC) rules against a planned takeover of the Indian retail chain by Reliance Industries Ltd...
Germany’s Delivery Hero takes 5.1% stake in rival Deliveroo
Germany’s Delivery Hero has taken a 5.09% stake in online food delivery rival Deliveroo, driving the British company’s share price to its highest since listing on the stock market in March. Shares in...
Chicken producer Sanderson Farms nears $4.5 bln sale to Continental Grain, Cargill – WSJ
Chicken producer Sanderson Farms Inc is in advanced talks with Cargill Inc and agricultural investment firm Continental Grain Co to sell itself in a $4.5 billion deal, the Wall Street Journal reported on Sunday. The...
Amazon wins Supreme Court case restraining merger between Future and Reliance
The Supreme Court has upheld e-commerce giant Amazon’s plea against the Rs 24,731-crore merger of Future Retail Ltd (FRL) with Reliance Retail. The top Court said that the order by a Singapore arbitrator in...
Levi Strauss to acquire athletic wear maker Beyond Yoga
Levi Strauss & Co. said on Thursday it would buy apparel maker Beyond Yoga for an undisclosed amount, as it looks to expand its presence in the lucrative leggings category that boomed during the COVID-19 pandemic...
Brazil retailers hunt for M&A deals to compete for e-commerce dominance
In March last year, Oziel da Silva Santos needed a new TV but with stores closed due to COVID-19 restrictions in Brazil’s northern city of Belem, the 50-year old was clueless about how to get one. He followed a...
Foot Locker to buy two retailers for $1.1 billion
Foot Locker Inc. is buying two smaller retailers for a total of approximately $1.1 billion in separate cash deals, as the company looks to expand its reach beyond U.S. shopping malls. The New York-based company Monday...
Singapore’s GIC joins Fortress bid for UK supermarket Morrisons
Singapore’s sovereign wealth fund has joined the Fortress-led private equity consortium making a recommended offer for the British supermarket group Morrisons, the companies said on Wednesday. Britain’s...
Italy’s Aeffe raises stake in Moschino to 100%
Italian luxury group Aeffe acquired full control of Moschino through the acquisition of the remaining 30% stake it did not own in the Italian brand, it said on Wednesday. The price of the acquisition amounts to 66.6...
Starbucks to exit S.Korea venture, sell stake to E-Mart, GIC
Starbucks Corp said on Monday it will exit any direct ownership in South Korea, its fifth-largest market, selling the 50% stake it owns in a joint venture to local partner E-Mart Inc and Singapore’s sovereign wealth...
Arvind Lifestyle sells Unlimited stores to V-Mart
Arvind Lifestyle Brands Ltd (ALBL), a wholly-owned subsidiary of Arvind Fashions Ltd., has agreed to sell assets of its Unlimited retail business to V-Mart Retail. Following this transaction, V Mart Retail Ltd. will...
