Walmart, the world’s largest retailer, is in talks with possible buyers of a stake in its British supermarket Asda, which it failed to combine with Sainsbury’s last year. Asda and Walmart said in a joint statement on...
Tesco completes China exit with $357 million stake sale
Britain’s biggest retailer Tesco has completed its exit from China with the 275 million pound ($357 million) sale of its joint venture stake to state-run partner China Resources Holdings (CRH). Having struggled to crack...
Forever 21 snapped up by mall owners, Authentic Brands
Forever 21 has a new lease on life after Simon Property Group Inc, Brookfield Property Partners LP and Authentic Brands Group agreed to acquire the bankrupt teen fashion retailer. Brand management company Authentic...
Buffett’s Berkshire buys Kroger and Biogen, reduces Wells Fargo and Goldman stakes
Warren Buffett’s Berkshire Hathaway Inc on Friday said it has taken a $549.1 million stake in Kroger Co, investing in the largest U.S. supermarket chain as smaller rivals struggle. In a regulatory filing detailing its U...
Warner Bros eyes India’s retail entertainment space
Warner Bros is vying for a piece of India’s growing retail entertainment industry. Warner Bros is vying for a piece of India’s growing retail entertainment industry. Warner Bros is scouting for around 20,000...
Metro reaches deal to sell Real hypermarkets unit to consortium of property investors
German wholesaler Metro AG said on Tuesday it has reached a deal with a consortium consisting of property investors X+Bricks and the SCP Group for the sale of its struggling Real hypermarkets unit. As part of the...
Carrefour Brasil says it is in talks to acquire stores operated by rival Makro
Carrefour Brasil said in a filing on Monday it is in talks to acquire stores operated by rival retail chain Makro. Carrefour denied reports by Brazilian media last week saying that it was acquiring Makro’s Brazilian...
DMart to follow up QIP with up to $500 mn OFS
Avenue Supermarts Ltd, which runs the popular supermarket chain DMart, will soon launch another share sale that will see the company’s promoter Radhakishan Damani offload more than 2% of his stake in the company, two...
Carrefour in talks to acquire Makro retail chain in Brazil: report
The Brazilian unit of France’s Carrefour SA is in advanced talks to buy retail chain Makro, controlled by Netherlands’ SHV Holdings, Brazilian newspaper O Estado de S. Paulo reported on Thursday, citing people with...
Thai Central Group says buying Globus jointly with Austria’s Signa for $1 billion
Thailand’s largest retailer Central Group said on Tuesday it is buying Swiss luxury department store Globus and other real estate assets in a joint venture with Austria’s Signa for more than 1 billion Swiss francs ($1...
Fujitsu General ends JV structure in India for direct operation, enter new AC segments
Japan-based Fujitsu General, a leading manufacturer of air conditioners and other technology products, prepares for a new growth trajectory in its Indian air-conditioner business with joint venture realignment and entry...
Gap pulls plug on Old Navy spinoff to focus on turning around sales
Gap Inc on Thursday scrapped its plan to spin-off Old Navy and said it would instead work to stem dropping sales, while fewer discounts during the holiday season helped full-year earnings, sending its shares up about 4%...
