Retail acquisition news : State-controlled Russian bank VTB Group has agreed to buy out a 29.1% stake in Russian supermarket chain Magnit for a sum of nearly RUB 138 billion ($2.45 billion) from its owner and founder Sergei Galitsky. Established in 1994, Magnit has emerged as a leading Russian food retailer with a total of […]
Retail acquisition news : InRetail Peru, a Peruvian multi format retailer has agreed to acquire Quicorp, a Peru-based pharmaceutical distributor and retailer in the Andean region for $583 million. InRetail Peru acquisition of Quicorp is expected to bolster the operations of the multi format retailer in the pharma sector further, improve its international expansion strategy, […]
Retail acquisition news : Swedish retail company Clas Ohlson has agreed to buy a stake of 10% in MatHem i Sverige, the holdings company of MatHem, a Sweden-based online grocery store for SEK 221 million ($26.16 million) According to Clas Ohlson, MatHem is one of the top e-commerce operator and the largest online grocery store […]
Retail acquisition news : Lithuanian retail chain Maxima Grupe has offered to acquire 100% of Emperia Holding, the controlling stakeholder and operator of Polish retail chain Stokrotka for nearly PLN1.19 billion (€283 million). The parties have signed an investment agreement and will see Maxima submit a tender for the proposed acquisition. Stokrotka operates 410 stores […]
Retail acquisition news : E-commerce giant Alibaba Group will invest HK$22.4 billion ($2.87 billion) for an equity stake in Sun Art Retail Group, a Chinese hypermarket chain operator to expand itself in the offline retail industry. Alibaba Group has entered into a strategic alliance with French food retailer Auchan Retail and Taiwanese conglomerate Ruentex Group […]