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 […]
US retailing giant Walmart has agreed to divest Walmart Argentina, its business in Argentina, to Latin American group Grupo de Narváez for an undisclosed price. Walmart said that Grupo de Narváez with its strong local expertise through retail operations across Argentina, Ecuador and Uruguay, brings strong local expertise to help its Argentine business thrive. Walmart […]
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 […]
EDP Renewables (EDPR), a Spanish renewable energy company, has commissioned its 200MW Harvest Ridge Wind Farm, built with an investment of around $280 million in Douglas County, Illinois. The Harvest Ridge wind project joins six other operational wind farms of EDPR in Illinois to collectively generate enough clean energy to power nearly 412,000 average homes […]
Flipkart acquisition of Walmart India : Indian e-commerce company The Flipkart Group has acquired a 100% stake in Wal-Mart India (Walmart India) from US retail giant Walmart for an undisclosed price. The acquisition is part of Flipkart’s plan to transform the kirana retail ecosystem through the launch of a new digital marketplace called Flipkart Wholesale. […]
Instant ramen creator Nissin Foods has expanded its Cup Noodles portfolio in the US with the launch of Cup Noodles Stir Fry, the first soupless offering from the brand, as per the latest food product launch news. The Japanese food company said that Cup Noodles Stir Fry was inspired by the growing popularity of Asian […]
US supermarket giant Walmart has added four new grocery delivery companies – Point Pickup, Skipcart, AxleHire, and Roadie to its team to grow its Online Grocery Delivery services. The four grocery delivery companies will enable the retailer’s Online Grocery Delivery in metro areas in four states with further expansion planned in the near future. Currently, […]
Walmart acquisition of Bare Necessities : US retail giant Walmart has acquired Bare Necessities, an American online lingerie retailer for an undisclosed price as per the latest retail acquisition news. Bare Necessities is one more addition to Walmart’s portfolio of digital apparel brands such as Bonobos, Modcloth and ELOQUII. Bare Necessities, established in 1998, offers […]
The UK Competition and Markets Authority (CMA) has started the first phase of a formal probe into the proposed Sainsbury’s acquisition of Asda from Walmart. Under its investigation, the British competition watchdog will undertake a detailed assessment into how the merger between the two supermarket chains could impact competition for shoppers. The CMA probe into […]
Retail acquisition news : British retail giant Sainsbury’s has agreed to acquire rival UK supermarket chain Asda from Walmart in exchange of £2.975 billion in cash and a stake of 42% in the combined business. The merger deal, which is aimed to create the largest supermarket chain in the UK, values Asda at nearly £7.3 […]