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...
Alibaba considers sale of consumer assets including Freshippo, RT-Mart – sources
Chinese internet giant Alibaba Group opens new tab is looking to sell a number of consumer sector assets, including grocery business Freshippo and retailer RT-Mart, three sources with knowledge of the situation said...
Japan’s Aeon in exclusive talks to buy Tsuruha stake from Oasis
Japanese retail giant Aeon Co Ltd has entered into exclusive talks with Oasis Management to acquire shares the Hong Kong-based activist investor holds in drugstore chain Tsuruha Holdings Inc, it said on Monday. Details...
Kroger, Albertsons need more time to close on $25 billion proposed merger
Grocers Kroger and Albertsons said that they plan close the proposed $24.6 billion merger in the first half of Kroger’s fiscal 2024 instead of early 2024. The merger, first announced in October 2022, has drawn the...
Zara founder Ortega buys Dutch warehouse leased to Primark for $110 million
Spanish billionaire Amancio Ortega has bought a logistics centre in the Netherlands currently used by rival British fashion retailer Primark for 110 million euros ($121 million), his family office Pontegadea said...
