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Retail Industry News
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South Korea’s Naver to acquire e-commerce firm Poshmark in $1.2bn deal
Naver acquisition of Poshmark : South Korea’s largest internet company Naver is set to acquire US-based social e-commerce…
Amazon to acquire Belgium’s Cloostermans to place more robots in warehouses
Amazon acquisition of Cloostermans : Online retailing giant Amazon is acquiring Belgium-based mechatronics company Cloostermans to expand the…
Reliance Industries announces launch of JioMart on WhatsApp
Reliance Industries said that Jio Platforms is partnering with social technology company Meta to launch ‘JioMart on WhatsApp’…
Amazon signs $1.7bn deal to acquire consumer robot company iRobot
E-commerce giant Amazon has signed an all-cash deal worth around $1.7 billion to acquire NASDAQ-listed consumer robot company…
Marks and Spencer to acquire contract logistics provider Gist Limited
British retailer Marks and Spencer Group has agreed to acquire Gist Limited, a contract logistics business, from Storeshield…
Hindustan Unilever opens detergent powder factory in Sumerpur, UP
Hindustan Unilever Limited has inaugurated a new spray dried detergent powder factory and an automated distribution centre in…
Publix Super Markets opens new store in Beaufort, South Carolina
Publix Super Markets, an American supermarket chain, has opened a new store in Beaufort, Yulee County in South…
Sweden’s Essity to acquire 80% stake in leakproof apparel firm Knix Wear
Essity, a Swedish hygiene and health company, has agreed to acquire an 80% stake in Knix Wear, a…
Ethos Limited to sell Jacob & Co. watches in India
Ethos Limited has entered into an exclusive distribution agreement with American watch and jewellery brand Jacob & Co.…
H&T Group acquires watch servicing and repair centre Swiss Time Services
H&T Group, a British pawnbroker and a retailer of new and pre-owned jewellery and watches, has acquired Swiss…