Swiss luxury goods company Richemont has acquired Delvaux, a Belgian luxury leather goods manufacturer, for an undisclosed price. Founded in 1829, Delvaux is claimed to be among the oldest luxury leather goods companies in the world. It is called the inventor of the modern luxury handbag as way back in 1908, the Belgian leather goods […]
Aditya Birla Fashion and Retail Limited said that it has acquired an additional stake of 7.69% in Finesse International Design Private Limited, the owner of the Shantanu & Nikhil fashion brand. The fashion retail company already had a stake of 51% in Finesse International Design. Aditya Birla Fashion and Retail said that the additional stake […]
American office retail company Staples has proposed to acquire the consumer business of ODP Corporation, a provider of business services, products, and digital workplace technology solutions, for $1 billion in an all-cash deal. ODP’s consumer business comprises Office Depot and OfficeMax retail stores, its direct channel business, and intellectual property. Staples, through its parent company […]
Boxed, Inc., an American e-commerce grocery shopping platform, has agreed to merge with Seven Oaks Acquisition Corp. in a deal that values the combined company at around $900 million. The deal with the special purpose acquisition company (SPAC) will enable Boxed to become a publicly listed company. Established in 2013, the company is said to make […]
SIGNA Sports United (SSU), a German online sporting goods retailer, and UK-based online bike retailer WiggleCRC Group have agreed to merge with Yucaipa Acquisition Corporation, a publicly traded special purpose acquisition company, based on a pro forma enterprise valuation of $3.2 billion. The combined firm will retain the SIGNA Sports United name and will be […]
Tata Digital Limited, a fully-owned subsidiary of Tata Sons, has acquired a majority stake in Supermarket Grocery Supplies Private Limited (BigBasket), an Indian online grocery store company, for an undisclosed price. Hari Menon – CEO of BigBasket said: “We are extremely excited about our future as a part of Tata group. As a part of […]
7-Eleven said that it has revealed signing agreements to divest 293 Speedway and 7-Eleven stores to three separate buyers for an undisclosed price. The deals follow the closing of 7-Eleven’s $21 billion acquisition of Speedway from Marathon Petroleum Corp. In mid-March, 7-Eleven signed a deal to offload 124 Speedway and 7-Eleven sites in the Midwest, […]
Russian retailer Magnit, via its main operating subsidiary – Tander, will acquire DIXY Holding, the holding company for DIXY retail chain in Russia, for RUB 92.4 billion ($1.25 billion) DIXY presently operates 2,651 convenience stores in Russia whose 2020 annual revenue was RUB 281.4 billion. DIXY Holding also owns 39 superstores in Russia under the […]
Grupo Comercial Chedraui, a Mexican grocery store chain, through its subsidiary Bodega Latina Corporation, has agreed to acquire Smart & Final Holdings for around $620 million. The sellers of the US-based warehouse-style food and supply stores chain are funds managed by affiliates of Apollo Global Management. The consideration includes the assumption of certain indebtedness. Based […]
Convenience stores company 7-Eleven has wrapped up its previously announced $21 billion acquisition of convenience store chain Speedway from Marathon Petroleum. Speedway’s portfolio includes nearly 3,800 stores, which are located in 36 states across the US. The deal was announced last August. Commenting on 7-Eleven acquisition of Speedway, Joe DePinto – President and CEO of […]