Swiss department stores Globus are now under Central Group’s Thai governance Europe On September 30, Thailand-based Central Group (sales of €3.3 billion for Central Retail in H1 2024 up 6%), completed ownership of Switzerland’s Globus.…
Emaar Properties invests US$400 million to expand the Dubai Mall Africa, Middle East The Dubai Mall (opened in 2008) is about to undergo major works. Owner Emaar Properties is investing US$410 million to expand the world’s 6th largest shopping centre,…
10 years after leaving India, Carrefour returns via a franchising agreement Asia While Carrefour is gradually withdrawing from Africa, the group (2023 sales of €92 billion, up 10.4% on a like-for-like basis via 14,000 stores in 40 countries) announced on September 9 a return to India by June 2025.…
China: After an upbeat Q2, Walmart sells JD.com Asia After exceeding expectations in Q2, Walmart announced a sale of all shares in pure-player JD.com. By streamlining investments, the firm will continue to focus on e-commerce in the U.S.A. and the Chinese business, particularly via Sam’s Club.
Aldi invests US$9 billion in U.S.A. expansion Americas On March 7, 2024, German discounter Aldi (12,000 stores worldwide, including 2,400 in the U.S.A.…
USA: Macy’s wants to triple small format stores Americas Macy’s (sales of US$5.1 billion in Q2 2023, up by 8% year-on-year) is stepping up expansion focused on small formats.…
Japan’s 7-Eleven takes a first step into Laos with CP All Asia On September 7 2023, 7-Eleven opened a first convenience store in Laos in Vientiane, the country’s capital. A total of 7 stores are planned.…
Following Central Retail, Aeon invests massively in Vietnam Asia Following in the footsteps of Aeon and Central Retail, who are boosting investments in Vietnam, many Western retailers are willing to enter this market of almost 100 million potential customers.
Auchan outpaces Jeronimo Martins as Portugal’s leading retailer Europe In Europe, the consolidation move continues amongst supermarkets. On August 3, Auchan Retail announced the purchase of 489 Dia stores (Minipreço and Mais Perto banners) plus 3 warehouses in Portugal for €155 million.…
External growth: Carrefour acquires Cora-Match Europe On 12th July 2023, Carrefour announced the acquisition of the Cora and Match banners, subsidiaries of the Louis Delhaize group. Carrefour could now reach a market share of 22.3% and compete with E.Leclerc, the French market leader.
