7-Eleven acquisition of Speedway : Convenience stores company 7-Eleven has agreed to acquire the Speedway convenience store chain from US petroleum refining company Marathon Petroleum for $21 billion in an all-cash deal. Under the terms of the deal, 7‑Eleven, which is a fully-owned, indirect subsidiary of Japan-based Seven & i Holdings, will acquire nearly 3,900 […]
US Foods has wrapped up its $970 million acquisition of Oregon-based warehouse grocery store chain Smart Foodservice Warehouse Stores from funds managed by affiliates of Apollo Global Management. The deal excludes the Smart & Final retail grocery business, which was separated previously from Smart Foodservice. Established in 1955 and based in the greater Portland, Smart […]
French retail company Casino Group has agreed to sell three warehouses and 567 Leader Price stores in France to German discount supermarket chain Aldi’s subsidiary Aldi France in a deal worth €735 million. The consideration includes a €35 million earn-out, which will be paid in the case of compliance with operational indicators during a transition […]
Costco acquisition of Innovel Solutions : US warehouse clubs chain Costco Wholesale Corporation has acquired Innovel Solutions, a provider of third-party end-to-end logistics solutions for $1 billion from Transform Holdco (TFCO), the operator of the Sears and Kmart stores. For several years, Innovel Solutions has provided US department store chain Sears and, more recently, third […]
Paper Source, a Chicago-based stationery and gift retailer has acquired 30 closed stores of the bankrupt lifestyle brand and gift retailer Papyrus in the US for an undisclosed price. In January 2020, Schurman Fine Papers, the parent company of the greeting card and stationery chain filed for bankruptcy. As a result of which, Schurman Fine […]
Amethis, an Africa-focused investment fund manager, and its partners have bought a minority stake in Kenyan supermarket chain Naivas Group. The other investors joining the France-based Amethis in the acquisition were DEG, MCB Equity Fund and World Bank Group member IFC. The financial details of the transaction were not disclosed. Founded in 1990 by the […]
US Foods acquisition of Smart Foodservice : US Foods has agreed to acquire Smart Foodservice Warehouse Stores, an Oregon-based warehouse grocery store chain from funds managed by affiliates of Apollo Global Management for $970 million in an all-cash deal as per the latest retail acquisition news. The US foodservice distributor believes that the acquisition will […]
US fashion retailer L Brands has agreed to sell 55% stake in Victoria’s Secret Lingerie to private equity firm Sycamore Partners for about $525 million. As per the terms of the deal, Victoria’s Secret, which has been valued at $1.1 billion, will be separated from the fashion retailer into a privately-held company under the majority […]
Ohio-based fashion retailer L Brands is in the process of divesting its Victoria’s Secret lingerie brand to private equity company Sycamore Partners, reported CNBC. L Brands has been looking to sell the lingerie retailer after its sales dropped apart from having competition from online retail companies. Currently, in the negotiation stage, the talks pertaining to […]
European retail sector investor Alteri Investors has agreed to acquire Blue Group, the UK furniture retailing business of South African retail company Steinhoff International, as per the latest retail acquisition news. Blue Group is the owner of Bensons for Beds, Harveys Furniture and upholstery and bedding manufacturers Relyon, Steinhoff UK Beds and Formation Furniture. Louis […]