Kimco Realty, a North American open-air and grocery-anchored shopping centers operator, has acquired an open-air grocery anchored portfolio in Long Island, New York for $375.8 million. The acquisition is said to increase Kimco Realty’s footprint in New York’s high barrier-to-entry market. The acquired portfolio includes eight shopping centers, namely The Gardens at Great Neck, The […]
ARKO Corp., a NASDAQ-listed convenience store operator, has agreed to acquire Pride Convenience Holdings for around $230 million, excluding the value of inventory. The acquisition of the convenience store operator in Northeast US will be executed by ARKO’s fully-owned subsidiary GPM Investments. As part of the transaction, ARKO will acquire 31 convenience stores, which include […]
V-Mart Retail, an Indian online shopping store, has agreed to acquire LimeRoad, a direct-to-consumer (D2C) fashion brand, to create the country’s fastest growing Omni-Channel value fashion retail platform. LimeRoad with 1.7 crore value shoppers offers unbranded styles and unique content. With gross merchandises value (GMV) of Rs. 700 crores at consistently strong margins and post […]
PDS Limited, an India-based design-led plug-and-play platform, has acquired a 51% stake in DBS Lifestyle to cater to its US and Europe customers directly. The company, through this traction, will further improve its footprint in the fashion and home categories in the Indian market. The internal acquisition will also help DBS Lifestyle to expedite its […]
Kroger acquisition of Albertsons : Supermarket chain Kroger has agreed to acquire American food and drug retailer Albertsons Companies (Albertsons Cos.) for a price of around $24.6 billion, which includes the assumption of around $4.7 billion of the latter’s net debt. Both the American retailers are listed on the New York Stock Exchange (NYSE). As […]
Naver acquisition of Poshmark : South Korea’s largest internet company Naver is set to acquire US-based social e-commerce marketplace Poshmark in a deal worth $1.2 billion. The transaction includes the purchase of all of the issued and outstanding shares of the NASDAQ-listed Poshmark for $17.9 per share in cash, representing a premium of 15% closing […]
E-commerce giant Amazon has signed an all-cash deal worth around $1.7 billion to acquire NASDAQ-listed consumer robot company iRobot. As per the terms of the deal, Amazon is offering to buy iRobot’s shares for $61 per share. The consideration includes the net debt of iRobot, which is engaged in designing and developing thoughtful robots as […]
British retailer Marks and Spencer Group has agreed to acquire Gist Limited, a contract logistics business, from Storeshield Limited, a subsidiary of The BOC Group, for an initial consideration of £145 million in cash. Gist Limited is the main contract logistics provider to Marks and Spencer’s M&S Food. According to Marks and Spencer, the acquisition […]
Essity, a Swedish hygiene and health company, has agreed to acquire an 80% stake in Knix Wear, a Canada-based provider of leakproof apparel for periods and incontinence, for $320 million. With the stake acquisition, Essity aims to become a leader in the global market within leakproof apparel. Essity has been involved in the leakproof apparel […]
H&T Group, a British pawnbroker and a retailer of new and pre-owned jewellery and watches, has acquired Swiss Time Services, a watch servicing and repair centre, for £4.3 million. Based in Essex, Swiss Time Services has a workforce of more than 30 people. The watch servicing and repair centre is said to have a UK-wide […]