US home improvement retailer Home Depot has agreed to acquire HD Supply, a building products distributor, for $56 per share or about $8 billion in cash. Based in Atlanta, HD Supply caters to the multifamily and hospitality end markets across North America with its maintenance, repair and operations (MRO) products. It is said to have […]
Walmart has agreed to sell a stake of 85% in Seiyu, a Japanese supermarket chain, to KKR and a subsidiary of Rakuten, for a combined price of over $1 billion. The US retailing giant will retain a stake of 15% in Seiyu. The deal value 100% of the Japanese supermarket business at ¥172.5 billion (approximately […]
VF Corporation, a US-based apparel and footwear company, has agreed to acquire streetwear brand Supreme from The Carlyle Group and Goode Partners, for $2.1 billion. Supreme sells apparel, accessories, and also footwear under its namesake brand across the world via direct-to-consumer channels, mainly through digital, which contributes more than 60% of its total revenue. The […]
Alimentation Couche-Tard, a Canadian convenience store chain, has agreed to acquire Convenience Retail Asia (BVI) (Circle K HK) for HK$2.79 billion (nearly $360 million) from Convenience Retail Asia, a Hong Kong retailer. Circle K HK is the operator of a network of Circle K-licensed convenience stores. The network includes 340 company-operated sites across Hong Kong […]
Sentinel Net Lease, a Los Angeles-based is a real estate investment firm, has acquired a couple of Schnucks Fresh Foods grocery stores in Illinois for $18.3 million. The first store, which is located in Loves Park, has been acquired for $11.7 million. It has a space of 142,357 sq ft and is located on 15 […]
Bluestar Alliance has won the “stalking horse” position for tween fashion brand Justice, which is presently owned by Tween Brands, which is part of US retailer of women’s clothing Ascena Retail Group. The bid of Bluestar Alliance, which is valued over $60 million, consists of $44 million in cash and also the intellectual property and […]
Reliance Industries has secured equity investments totaling INR172.75 billion ($2.36 billion) for its retail holding subsidiary Reliance Retail Ventures Limited (RRVL) through multiple deals. On Sunday, the Indian conglomerate owned by Mukesh Ambani struck a deal worth INR 18.37 billion ($250 million) with global investment firm TPG in exchange for a 0.41% stake in Reliance […]
Walmart has agreed to divest a majority stake in British supermarket retailer Asda to the Issa brothers and investment funds managed by TDR Capital for an enterprise value of £6.8 billion. The Issa brothers are founders and co-CEOs of EG Group, a UK-based convenience and forecourts retailer. Walmart will hold on to an equity investment […]
Reliance Retail Ventures (RRVL), a subsidiary of Reliance Industries, has agreed to acquire the retail and wholesale business and the logistics and warehousing business from Indian retailing network Future Group for INR 247.13 billion ($3.38 billion). Future Group currently owns the hypermarket chain Big Bazaar, and small store neighborhood retail chains – EasyDay Club and […]
EC Design, a US-based lifestyle products company, has acquired Australia-based design and stationery brand kikki.K for an undisclosed price. The stationery retailer, which was founded by Swedish entrepreneur Kristina Karlsson in 2001, had entered voluntary administration about four months ago. EC Design, which is the parent company of Erin Condren, said that it intends to […]