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Retail Industry News
1501 posts
KONKA acquires Beko Changzhou Plant, enters into cooperation with Arcelik
Jiangsu KONKA Smart Electrical Appliances, a subsidiary of Chinese manufacturer of electronics products KONKA Group, has acquired Beko…
October 12, 2020
Kering sells 6% stake in sportswear manufacturer Puma for €655m
French luxury goods company Kering has divested a stake of around 5.9% in German sportswear manufacturer Puma for…
October 7, 2020
Mukesh Ambani’s Reliance Retail Ventures secures $2.36bn foreign investments
Reliance Industries has secured equity investments totaling INR172.75 billion ($2.36 billion) for its retail holding subsidiary Reliance Retail…
October 4, 2020
Walmart to sell majority stake in Asda to Issa bros and TDR Capital
Walmart has agreed to divest a majority stake in British supermarket retailer Asda to the Issa brothers and…
October 4, 2020
Delivery Hero to acquire Latin American business of Glovo in €230m deal
Delivery Hero, a German online food ordering company, has agreed to acquire the Latin American (LATAM) operations of…
September 17, 2020
Amazon India opens two new fulfilment centres in Hyderabad
Amazon India has expanded its fulfilment infrastructure in the South Indian state of Telangana with a couple of…
September 15, 2020
British clothing retailer Next to form JV with Victoria’s Secret UK
US fashion retailer L Brands has signed a deal with British clothing retailer Next Plc under which the…
September 15, 2020
Silver Lake to invest $1bn in Indian retailer Reliance Retail
Indian conglomerate Reliance Industries said that US private equity firm Silver Lake will invest INR 7,500 crore ($1.02…
September 9, 2020
Reliance Retail Ventures to acquire Big Bazaar and other businesses of Future Group
Reliance Retail Ventures (RRVL), a subsidiary of Reliance Industries, has agreed to acquire the retail and wholesale business…
August 30, 2020
US department store chain Stein Mart files for bankruptcy protection
Stein Mart, a US department store chain, has filed for bankruptcy protection in the US Bankruptcy Court for…
August 13, 2020