In a notable development in the retail and investment sector, Arkhouse Management Co. LP, in collaboration with its partner Brigade Capital Management, has made a revised all-cash offer to purchase the American department store chain, Macy’s, for $24.00 per share. This proposal underscores a significant premium over Macy’s current and unaffected share prices, marking a […]
Motor Fuel Group (MFG), in a landmark agreement, has acquired 337 Morrisons petrol forecourts, including fuel, convenience retail kiosks, and ancillary services, across the UK. This monumental £2.5bn transaction not only signifies a new strategic partnership between MFG and Morrisons but also marks a pivotal step in the development of Ultra-Rapid electric vehicle (EV) charging […]
Sunoco LP (NYSE: SUN) announced two major business moves: the sale of 204 convenience stores to 7-Eleven, Inc. for approximately $1 billion, and the intended acquisition of liquid fuels terminals in Amsterdam, Netherlands, and Bantry Bay, Ireland, from Zenith Energy. Sunoco LP’s $1.0 Billion Deal with 7-Eleven: A Major Shift in Convenience Store Operations Sunoco […]
In a significant move to expand its portfolio in the fast-growing health and wellness sector, Tata Consumer Products has announced the definitive acquisition of up to 100% of the issued equity share capital of Organic India. This acquisition is a strategic step for Tata Consumer, a major player in the Food & Beverage and Health […]
Chico’s FAS, Inc., a prominent name in the fashion retail industry, announced the completion of its acquisition by Sycamore Partners, a private equity firm known for its investments in the consumer and retail sectors. The transaction, valued at approximately $1 billion, was settled at $7.60 per share in an all-cash deal, leading to the delisting […]
KnitWell Group, comprising iconic apparel brands Ann Taylor, LOFT, and Talbots, has announced the acquisition of Chico’s, White House Black Market, and Soma, further expanding its retail portfolio. Following Chico’s FAS’s sale to Sycamore Partners, a private equity firm specializing in consumer and retail investments, KnitWell has added these established brands to its portfolio. Lizanne […]
TotalEnergies has finalized its agreements with Alimentation Couche-Tard, a milestone transaction valued at €3.1 billion. The deal, which involved TotalEnergies’ retail networks in Germany, the Netherlands, Luxembourg, and Belgium, was completed in two steps, with the final step concluded on January 3rd, 2024. TotalEnergies received €3.4 billion in cash consideration after adjustments and before tax […]
RaceTrac, Inc., a family-owned leader in the convenience store industry, has officially completed the acquisition of Gulf Oil, LLC, a move that was previously announced in July. The transaction, which has received all necessary regulatory approvals and satisfied closing conditions, marks a significant expansion for RaceTrac. RaceTrac Acquires Gulf Oil’s Iconic Brand With this acquisition, […]
The Australian Competition and Consumer Commission (ACCC) has accepted a crucial undertaking from Petstock Pty Ltd (Petstock), entailing the divestiture of a package of assets, including 41 retail stores, following an investigation into the company’s past acquisitions. This decision clears the path for Woolworths (ASX: WOW) to acquire a 55 per cent controlling interest in […]
In a significant move that streamlines its operations, British electrical and telecommunications giant Currys Plc has finalized the sale of its Greek and Cyprus retail business, Kotsovolos, to Public Power Corporation S.A. for an enterprise value of €200 million. This pivotal transaction follows a comprehensive strategic review announced in June 2023, underscoring the company’s resolve […]