Category: Retail Industry News

Amazon signs $1.7bn deal to acquire consumer robot company iRobot

businessnewstoday- August 5, 2022 0

E-commerce giant Amazon has signed an all-cash deal worth around $1.7 billion to acquire NASDAQ-listed consumer robot company iRobot. As per the terms of the ... Read More

Marks and Spencer to acquire contract logistics provider Gist Limited

businessnewstoday- July 23, 2022 0

British retailer Marks and Spencer Group has agreed to acquire Gist Limited, a contract logistics business, from Storeshield Limited, a subsidiary of The BOC Group, ... Read More

Hindustan Unilever opens detergent powder factory in Sumerpur, UP

businessnewstoday- July 23, 2022 0

Hindustan Unilever Limited has inaugurated a new spray dried detergent powder factory and an automated distribution centre in Sumerpur, Uttar Pradesh (UP) of its subsidiary ... Read More

Publix Super Markets opens new store in Beaufort, South Carolina

businessnewstoday- July 18, 2022 0

Publix Super Markets, an American supermarket chain, has opened a new store in Beaufort, Yulee County in South Carolina. The new 48,387sft store is located ... Read More

Sweden’s Essity to acquire 80% stake in leakproof apparel firm Knix Wear

businessnewstoday- July 11, 2022 0

Essity, a Swedish hygiene and health company, has agreed to acquire an 80% stake in Knix Wear, a Canada-based provider of leakproof apparel for periods ... Read More

Ethos Limited to sell Jacob & Co. watches in India

businessnewstoday- July 6, 2022 0

Ethos Limited has entered into an exclusive distribution agreement with American watch and jewellery brand Jacob & Co. to bring the latter’s watches to India. ... Read More

H&T Group acquires watch servicing and repair centre Swiss Time Services

businessnewstoday- July 5, 2022 0

H&T Group, a British pawnbroker and a retailer of new and pre-owned jewellery and watches, has acquired Swiss Time Services, a watch servicing and repair ... Read More

Lenskart acquires majority stake in Japanese eyewear brand Owndays

businessnewstoday- July 2, 2022 0

Lenskart, an Indian prescription eyewear retail chain, has reportedly acquired a majority stake in Owndays, a Japanese direct-to-customer (D2C) eyewear brand, for $400m. The deal ... Read More

Platinum Equity to acquire controlling stake in apparel company Hop Lun

businessnewstoday- June 22, 2022 0

Platinum Equity has agreed to acquire a controlling interest in Hop Lun, a Hong Kong-based fashion lingerie and swimwear company, from its founder Erik Ryd. ... Read More

Walmart to build high-tech fulfillment center in McCordsville, Indiana

businessnewstoday- June 5, 2022 0

Walmart revealed plans to construct four new high-tech fulfillment centers, of which one will be located in McCordsville, Indiana. According to the US retailing giant, ... Read More