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...
NCLAT rejects plea to initiate insolvency proceedings against Aditya Birla Fashion
The National Company Law Appellate Tribunal (NCLAT) dismissed a plea of an operational creditor to initiate insolvency proceedings against Aditya Birla Fashion and Retail Ltd (ABFRL). The appellate tribunal upheld the...
Kretinsky-led consortium set to own 53.7% of retailer Casino’s capital
A consortium led by Czech billionaire Daniel Kretinsky will own and control 53.7% of French retailer Casino’s share capital once a restructuring plan is completed, Casino said. Current shareholders will be...
India’s Tata Capital eyes fashion brand Rare Rabbit at $300 mln valuation – sources
India’s Tata Capital is looking to purchase a roughly 13% stake in premium domestic fashion brand Rare Rabbit at a valuation of $300 million, as it seeks to bet on the country’s affluent shoppers, three...
