Indian e-commerce giant Flipkart has raised $3.6 billion from a new funding round to take its valuation to $37.6 billion. The new funding round of Flipkart was led by Singaporean sovereign fund – GIC, SoftBank Vision Fund 2, Canada Pension Plan Investment Board (CPP Investments), and retail giant Walmart. Sovereign funds DisruptAD, Khazanah Nasional Berhad, […]
Walmart has agreed to sell a stake of 85% in Seiyu, a Japanese supermarket chain, to KKR and a subsidiary of Rakuten, for a combined price of over $1 billion. The US retailing giant will retain a stake of 15% in Seiyu. The deal value 100% of the Japanese supermarket business at ¥172.5 billion (approximately […]
US retailing giant Walmart has agreed to divest Walmart Argentina, its business in Argentina, to Latin American group Grupo de Narváez for an undisclosed price. Walmart said that Grupo de Narváez with its strong local expertise through retail operations across Argentina, Ecuador and Uruguay, brings strong local expertise to help its Argentine business thrive. Walmart […]
Walmart has agreed to divest a majority stake in British supermarket retailer Asda to the Issa brothers and investment funds managed by TDR Capital for an enterprise value of £6.8 billion. The Issa brothers are founders and co-CEOs of EG Group, a UK-based convenience and forecourts retailer. Walmart will hold on to an equity investment […]
Retail acquisition news : British retail giant Sainsbury’s has agreed to acquire rival UK supermarket chain Asda from Walmart in exchange of £2.975 billion in cash and a stake of 42% in the combined business. The merger deal, which is aimed to create the largest supermarket chain in the UK, values Asda at nearly £7.3 […]