Asda Group has announced the completion of acquiring EG Group’s UK business for an enterprise value of £2.07 billion, marking a major strategic step in growing its convenience and foodservice offerings. This acquisition accelerates Asda’s reach, bringing their value pricing model to millions more across the UK. Expanding Asda’s Reach Through Strategic Acquisitions The purchase […]
In a strategic move to fortify its presence in the European sports retail market, Frasers Group plc has penned a binding agreement with Signa Retail Department Store Holding GmbH to acquire SportScheck, Germany’s prominent sports retailer. Deepening Footprints in Germany The integration of SportScheck into the Frasers Group is set to further entrench its foothold […]
The Casino Group disclosed that its Board of Directors greenlit a pre-agreement with Grupo Calleja, the dominant grocery retailer in El Salvador. This agreement pertains to the sale of Casino Group’s 34.05% equity in Almacenes Éxito S.A., effectively making an offer to Grupo Calleja to acquire 100% of Éxito Group’s shares, pending a successful acquisition […]
In a strategic move to solidify its market presence in Spain, retail giant Carrefour has inked a deal to acquire 47 SuperCor stores from El Corte Inglés. With an enterprise value of €60 million, this acquisition includes supermarkets and convenience stores primarily situated in high-profile regions such as Madrid, Catalonia, Andalucia, and Comunidad Valenciana. Stores […]
C&S Wholesale Grocers, a leading name in the U.S. wholesale grocery supply and supply chain solutions sector, is expanding its reach through a definitive agreement to acquire 413 stores, eight distribution centers, and two offices. The assets have been made available due to the merger between The Kroger Co. and Albertsons Companies Inc. While the […]
ALDI has unveiled plans to acquire iconic brands Winn-Dixie and Harveys Supermarket from Southeastern Grocers in a strategic move that signals its continued growth in the US. This deal, encompassing around 400 locations spread across five states, reinforces ALDI’s ambition to dominate as a value-driven grocer. Jason Hart, ALDI’s CEO, remarked on the synergy between […]
JD Sports Fashion, a renowned sports-fashion retail company, announced plans to acquire the remaining 49.98% stake in Iberian Sports Retail Group (ISRG) for a cash consideration of €500.1 million. The acquisition will be financed using JD Sports Fashion’s available cash resources. The deal will result in JD Sports Fashion owning 100% of Iberian Sports Retail […]
British supermarket chain Asda Group has announced the acquisition of convenience and fuel retail company EG Group’s UK and Ireland operations for an enterprise value of £2.27 billion. The deal, led by the Issa brothers, investment funds managed by TDR Capital LLP, and Walmart, will see Asda bolster its presence in the convenience and fuel […]
Aditya Birla Fashion and Retail Limited (ABFRL), an Indian fashion and apparel company which is part of the Aditya Birla Group, has agreed to take a controlling stake of 51% in TCNS Clothing, a women’s branded apparel company, for a sum of around INR 1,650 crores. The India-based TCNS Clothing owns ethnic brands such as […]
Majors Management, an American convenience stores chain, has agreed to acquire MAPCO Express, an operator of gas stations and retail convenience stores, for an undisclosed price. The transaction is contingent on a separate deal under which 112 MAPCO fuel and convenience retail sites are being sold to Alimentation Couche-Tard. According to Majors Management, its deal […]