News brief

Announced in October 2022, the US$25 billion (including debt) mega-merger between Kroger and Albertsons was temporarily suspended on July, 25 2024. This decision comes after the publication of the...

19 August 2024

Manufactures Dior under court administration for ‘exploitation’ of workers

In Italy, on June 10, the Milan court declared Manufactures Dior ‘incapable of preventing and controlling’ the exploitation of workers in sub-contracting. The Italian subsidiary was...

2 August 2024

The Saudi public investment fund wants 50% of Selfridges

On July 15, following the publication of an insolvency report on the Austrian property company Signa, the Saudi Arabian Public Investment Fund (PIF) wants an increased stake in Selfridges (2023...

2 August 2024

Department stores: faced with pressure from the market, Nordstrom wants to go private

According to WWD, the American department stores’ chain Nordstrom announced an intention to go private, following a press release from the Nordstrom brothers last April. Similar to...

30 July 2024

Galeries Lafayette enters second-hand jewellery and watch market

In Paris, Galeries Lafayette sees second-hand as a ‘drive to store’ opportunity. On June 23, the chain opened Hojo Vintage in the Haussmann flagship store, a 30 sq.m boutique selling...

29 July 2024

Luxury goods: in the 1st half, LVMH cannot escape market slowdown

On July 23, LVMH (2023 sales: €86.15 billion, up 9%, after a 23% increase in 2022) published results for the first half to the end of June. Sales, down 1% at constant exchange rates to...

25 July 2024

Between expansion and price cuts, Action’s turnover jumps by 20 %

Dutch discounter Action (2023 sales: €11.32 billion, up 28%) announced sales of €6.23 billion, up 20% in the first semester. Like-for-like sales were up 9%. Action’s 17 million...

24 July 2024

Supreme acquired by optics giant Essilorluxottica for US$1.5 billion

On July 17, optics manufacturer Essilorluxottica (sales of US$27.21 billion in 2023, up by 7.1% at constant exchange rates) announced a purchase of New York-based Supreme from VF Corp for...

19 July 2024

Fursac sells vintage products from other brands…but not their own

According to our sources, men’s fashion retailer Fursac (a subsidiary of the SMCP group, with sales of €1.2bn in 2023 at 3% LFL at constant exchange rates, then down by 5% in Q1 2024)...

18 July 2024

Auchan to cut 25% of GLA, the equivalent of 18 hypermarkets

While the transfer of 31 Casino stores to Auchan began on 14 May, Auchan (2023 sales: €32.9 billion, flat vs 2022), in a bid to rationalise costs, intends to reduce GLA in France by 25%...

17 July 2024

USA: malls only 2.3% away from returning to pre-Covid-19 traffic

According to Placer.ai, shopping centre traffic in the U.S.A. is almost back to pre-Covid-19 levels. While foot traffic in 2021 was 10.9% lower than in 2019, figures improved by 2023. Last...

16 July 2024

Luxury: Shunned in Asia, Burberry sales fall 20% in Q1

On July 15, Burberry (sales of US$3.75 billion for the financial year to the end of March 2024, stable) announced sales of US$579 million for the 3 months to the end of June, down 20% at constant...

15 July 2024

Despite lower debt, Zouari struggles to take control of Picard

On June 26, Picard’s debt (€1.8 billion in sales in 2023, up by 5.9% in one year) was re-negotiated and reduced by shareholders. These are a British investment fund Lion Capital (51%)...

12 July 2024

Retail media: Boulanger leaves Criteo to sign with Valiuz Adz

Boulanger (sales €4.35 billion by 2023) and Valiuz Adz, the retail media agency of the Valiuz data alliance (Auchan, Decathlon, Leroy Merlin…), which includes Boulanger, announced a...

12 July 2024

JD.com could invest €2.4 billion to boost delivery capacity in the U.K.

In the U.K., delivery and locker company Evri (75% owned by Advent and 25% by Germany’s Otto) may have found a new owner in JD.com. Other interested parties include Poland’s InPost...

5 July 2024

In Poland, convenient stores giant Zabka targets US$8 billion valuation for I.P.O.

Luxembourg-based investment fund CVC Capital Partners Plc plans to float Zabka, Poland’s leading convenience store retailer, on the Warsaw Stock Exchange in September 2024. With 10,000...

4 July 2024

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Aroma-Zone and Najar reveal the behind-the-scenes of a strategic partnership

As the adoption of AI results in increasing cost volatility for companies, mind Retail spoke in Monaco with Christelle Glaszer, Manager of Indirect Purchases at Aroma-Zone natural beauty retailer...

13 March 2026

After-sales service: Prolong aims to become the OS of repair and adds 3 luxury brands

Signing of three high-end clients, launch of a maintenance passport, imminent Seed funding round and cloud migration project in China… At a 1-to-1 conference in Monaco, the Founder of Prolong...

12 March 2026

Regulatory: With 200,000 Digital Product Passports issued, Darty scales up

While the European Commission is set to vote on delegated acts to specify requirements for home appliances, Darty is accelerating a Digital Product Passport (DPP) push by integrating new products...

11 March 2026

Electronic labels: Hanshow accelerates breakthrough and signs with a leading British retailer

While the leader in electronic labels, Vusion exceeded €1.47 billion in revenue in 2025, rival Hanshow is stepping up a global offensive, winning a strategic account in the U.K. and a new POC for...

27 February 2026

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Profound raises US$96 million in Series C funding, becoming a first GEO unicorn

Founded in 2024 in New York by James Cadwallader, GEO startup Profound raised US$96 million on February 24, 2026, in a Series C round led by Lightspeed Venture Partners, including Sequoia Capital...

25 February 2026

Klépierre, URW, Carmila: in 2025, retail media and services accounted for nearly 10% of net rental income

Published on February 12 and 19, annual financial results of the three major European property companies show that Klépierre, Unibail-Rodamco-Westfield, and Carmila are no longer singing from the...

24 February 2026