Godrej Consumer Products Limited (GCPL), an Indian consumer goods company, has agreed to acquire the fast-moving consumer goods (FMCG) business of Raymond Consumer Care Limited (RCCL) for INR 2,825 crores ($350 million) in cash. Raymond Consumer Care operates mainly in the deodorants and sexual wellness categories. Two of its main brands are Park Avenue and […]
Maverik – Adventure’s First Stop, a fuel marketer in the Intermountain West, alongside its parent company FJ Management has agreed to acquire Kum & Go, an American convenience store chain, from Krause Group. The financial terms of the deal were not revealed. Kum & Go has more than 400 convenience stores across 13 US sites. […]
Express, Inc. (EXPR) an American fashion apparel retailer alongside brand management firm WHP Global has agreed to acquire the Bonobos menswear brand from Walmart for $75 million. WHP Global will acquire the Bonobos brand for a sum of $50 million, while EXPRESS, INC. will acquire the operational assets and take on the related liabilities of […]
South Korean internet company Naver has completed the previously announced acquisition of Poshmark, a social e-commerce marketplace, for an enterprise value of around $1.2bn, in a move to create a global player in online fashion re-commerce. The transaction, which was announced in October 2022, is expected to accelerate Naver’s strategy to build a global e-commerce […]
Reliance Retail Ventures, an arm of Reliance Industries, will acquire Metro Cash & Carry India (Metro India), a wholly-owned subsidiary of Germany-based Metro AG, for Rs 2,850 crore, to further strengthen its new commerce business. The acquisition will also increase Reliance Retail’s store footprint across India with the addition of Metro India’s multi-category large format […]
Woolworths, an Australian trans-Tasman retailer, has agreed to acquire 55% of interest in Petspiration, a pet food retailer, for an enterprise value of approximately AUD 1.7 billion, assuming net debt of around AUD 670 million. The acquisition is expected to increase Woolworths’ presence in the pet retail space. Petspiration owns and runs PETstock, a retail […]
V-Guard Industries has agreed to acquire Sunflame Enterprises Private Ltd. (SEPL), an Indian kitchen appliances manufacturer, for INR 660 crores. According to the Indian consumer electrical and electronics major, the deal is part of its strategy for becoming a key player in the kitchen appliances segment in India. Sunflame Enterprises’ product portfolio includes cooktops, pressure […]
Fortune Brands Home & Security has agreed to acquire the Emtek and Schaub premium and luxury door and cabinet hardware brands and the US and Canadian Yale and August residential smart home lock brands from Swedish conglomerate Assa Abloy, for $800 million. The transaction complements the inorganic growth strategy of the American home and security […]
UK’s online clothing retailer NEXT, through a newly formed company, has collaborated with Tom Joule to acquire out of administration the majority of the assets of Joules, a premium lifestyle brand and group, for a cash consideration of £34m. NEXT has also acquired the existing head office of Joules for a cash consideration of £7m. […]
The Estée Lauder Companies (ELC), an American cosmetics company, has agreed to acquire the Tom Ford luxury brand and all its intellectual property for a total enterprise value of $2.8 billion. Under the proposed deal, Ermenegildo Zegna Group and Italian eyewear manufacturer Marcolin will enter long-term license agreements for Tom Ford fashion and Tom Ford […]