News brief

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
U.S. Legends manages the Champs-Élysées Paris 2024 megastore
On June 27, the Champs Elysée Olympic Games megastore, managed by the U.S. company Legends, was opened on Place Clémenceau. At the bottom of the avenue, this covers 1,000 sq.m of...
3 July 2024
Naf Naf taken over by Turkey’s Migiboy for €1.5 million
On June 18, the Parisian Commercial Court of Bobigny granted Naf Naf (2022 sales of €141 million, debts of €40 million in 2023) to Migiboy Tekstil (2023 sales of €55.9 million down...
27 June 2024
Luxury brand Polène makes inroads in South Korea with a flagship
Founded in 2016, French luxury leather goods brand Polène (5 stores, with 3 in Paris, 1 in Tokyo and 1 in New York) is continuing to expand. On June 15, 2024, the retailer opened a flagship...
26 June 2024
In the U.S.A., Japanese discounter Daiso plans to increase store count 10-fold by 2030
In the United States, while Family Dollar has closed 600 stores since the start of the year, Japanese discounter Daiso (a subsidiary of Korean investor AsungHMP, which has an 84.2% stake since...
26 June 2024
Chalhoub launches 2-hour delivery in Riyadh with Level Shoes
In June 2024, a year after launching a two-hour home delivery service in Dubai, Chalhoub’s Level Shoes (selling 250 shoe brands and two flagships in Dubai Mall and Riyadh Park Mall) decided...
25 June 2024
Watsons invests US$250 million to upgrade in-store beauty experience
On June 6, 2024, Hong Kong-based Watsons (A.S Watson Group, turnover of US$23 billion in 2023) unveiled a US$250 million investment programme for its stores. This includes 1,200 new stores and...
25 June 2024
Yoox-Net-A-Porter bids farewell to China under pressure from competitors
On June 14, Switzerland’s Richemont (2023 sales of €20.62 billion, up by 3.3%), owner of Cartier, Van Cleef & Arpels, etc., announced the closure of the Yoox Net A Porter (YNAP)...
20 June 2024
E.Leclerc to activate e-retail media in 300 petrol stations
While revenue of e-retail media grew by 24 % last year in France to €1.11 billion and continues to gain share in the advertising market (12% after 9% in 2023), E.Leclerc is accelerating...
17 June 2024
Leroy Merlin halves Board and starts a vast redundancy plan
Leroy Merlin (GMV 2023 of €9.93 billion in France up by 1.3% year-on-year) announced the loss of about 500 jobs in France, representing around 1.8% of the group’s workforce. The timing...
12 June 2024
Fast fashion giant Shein tries circularity
Following a launch in the U.S.A. in 2022, the second-hand clothing resale platform Shein Exchange, was launched in France on June 3. Available from the mobile app, it offers only clothing...
11 June 2024
Casino subsidiary suspends stablecoin issuance
“As part of the entry into force of the European MiCA regulation (June 30, editor note) and in accordance with its compliance commitment, Lugh, issuer of the stablecoin euro, announces the...
7 June 2024
Ikea launches a recruitment campaign for a new store on Roblox
On June 24, Ikea launched a first metaverse store in the UK. Recruited between June 14 and 18, the 10 store advisors on Roblox (“The Co-Worker Game”, developed by Swedish gaming...
6 June 2024
Benetton Co-Founder to step down as Chairman amid allegations of fraud
On May 25, in Italy, Luciano Benetton, Co-Founder of the eponymous Italian fashion retailer (sales of €1.09 billion in 2023 up by 8.5%, after a 19%-uplift in 2022), announced his intention to...
6 June 2024
OneStock raises US$72 million to boost connectivity
On May 21, 2024, US fund Summit Partners (RELEX, Akeneo, Klaviyo, Optimove, Later and Mi9 Retail) announced a US$72 million investment in French OMS provider OneStock (100 clients including Yves...
31 May 2024
Retail media: PayPal creates an advertising division headed by an ex-Uber
PayPal (427 million active accounts in Q1 2024, for 6.5 billion transactions) is to launch an advertising sales platform, PayPal Ads. Based on users’ transactional and behavioural data...
31 May 2024
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Most viewed articles of the month on mind Retail
What readers clicked on the most last month.
What readers clicked on the most last month.
1
Eric Meulien, Al Futtaim: “The next step in our roadmap is to replace the in-store POS system”
Operating in 18 countries and managing brands such as Ikea, Zara and Marks & Spencer, Emirati group Al-Futtaim (2025 revenue: US$9.7 billion, up by 6%) has a unique vantage point from which to...
2
Marketplaces: How Orange and Virgin Australia reinvent their value creation models
Looking to turn their audience into a commercial platform without having to carry the risk of holding stock, new verticals are entering the marketplace space, with new models designed to enhance...
8 October 2026
3
How Maison A.Constant built a unified customer database with n8n
Eager to bring together customer data and improve data accuracy, jewellery and watch retailer Maison A.Constant built its own Single Customer Repository (SCR) using n8n, an orchestration platform...
4
Cashback: Younited secures an exclusive contract with Bouygues Telecom
Following Orange and the launch of a marketplace, Bouygues Telecom is strengthening a customer loyalty strategy by focusing on purchasing power with a new cashback offer. For French fintech...
16 October 2026