Shopify acquisition of 6 River Systems : Canadian e-commerce company Shopify has agreed to acquire outstanding securities of US warehouse automation company 6 River Systems in a transaction valued at approximately US$450 million. The acquisition of 6 River Systems will add cloud-based software and collaborative mobile robots Chuck to the recently introduced Shopify Fulfillment Network. […]
Canadian Tire Corporation (CTC) has signed an agreement with Party City, a US-based retail chain of party stores, to purchase the latter’s Canadian business for C$174.4 million ($131 million). The acquisition will help Canadian Tire become Canada’s leading party supply and celebration destination. Party City with 65 Canadian retail stores in seven provinces is a […]
French retailer Casino Group has agreed to offload its subsidiary Vindemia, a major retailer in the Indian Ocean territories – Reunion Island, Mayotte, Madagascar, and Mauritius, to GBH for €219 million as per the latest retail industry news. Vindemia was established in Reunion Island in 1972. It was acquired gradually by Casino Group between 2001 […]
Retail acquisition news : Jackson Mitchell Holdings, the parent company of Mitchell Grocery, has acquired supermarket chain Little Giant Farmers Market, which operates five grocery stores in Georgia, for an undisclosed price. Little Giant Farmer’s Market will be a 100% owned subsidiary of Jackson Mitchell. Its stores are located in Riverdale, Jonesboro, Newnan, and Decatur. […]
Michael Kors acquisition of Versace : US-based luxury apparel retailer Michael Kors has renamed itself as Capri Holdings following the completion of a previously announced acquisition of Italian luxury fashion company Gianni Versace for $2.12 billion, as per the latest retail acquisition news. Starting from 2 January 2019, the luxury apparel retailer will trade on […]
Walmart acquisition of Bare Necessities : US retail giant Walmart has acquired Bare Necessities, an American online lingerie retailer for an undisclosed price as per the latest retail acquisition news. Bare Necessities is one more addition to Walmart’s portfolio of digital apparel brands such as Bonobos, Modcloth and ELOQUII. Bare Necessities, established in 1998, offers […]
The UK Competition and Markets Authority (CMA) has started the first phase of a formal probe into the proposed Sainsbury’s acquisition of Asda from Walmart. Under its investigation, the British competition watchdog will undertake a detailed assessment into how the merger between the two supermarket chains could impact competition for shoppers. The CMA probe into […]
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 […]
Retail acquisition news : British supermarket company Sainsbury’s and Walmart-owned Asda Stores are reported to be in talks over a £10 billion merger deal in a move to create the largest UK supermarket chain. The potential Sainsbury’s and Asda merger has been confirmed by the former on Saturday, reported Reuters. Sainsbury’s is currently in advanced […]
Retail acquisition news : UK sportswear retailer JD Sports Fashion has made a conditional acquisition agreement to buy US sportswear retailer Finish Line for about $558 million in an all-cash deal, in a move to foray into the largest sportswear market in the world. Under the terms of the JD Sports acquisition of Finish Line, […]