Danish grocer Salling accelerates VC investments, following in the footsteps of Vinted Europe On June 17, the Les Mousquetaires Group (2024 sales: €42.5 billion, up 6.4%) announced exclusive negotiations to acquire 81 Colruyt stores,…
Customer service: With AI, Saks reduces calls requiring humans by 20% Americas On August 8, Saks officially launched Sophie, an AI-powered voice and text assistant designed with the U.S.…
After Jennyfer and Boardriders Europe, Beaumanoir takes over Naf Naf Europe On August 7, 2025, the commercial court approved Beaumanoir‘s takeover bid for Naf Naf (amount undisclosed). At the helm of Caroll,…
[Amazon results] Between accelerated growth and massive investment in Q2, Amazon seeks balance Americas On July 31, Amazon published quarterly results in line with Wall Street expectations, with revenue up 13.3% and net profitability up 35%. Looking for early signs of a return on spending, and despite 31.4 billion dollars in investments during the quarter, investors punished the stock with a 6% drop at the close.
Negotiations between Seven & I and Alimentation Couche-Tard come to an end Asia Takeover talks between Alimentation Couche-Tard (ACT) and Seven & I (2024 revenue: 122 billion dollars, up by 4.4% year-on-year) have ended after a year.…
LVMH entrusts the Americas’ region to Michael Burke Americas A few days before the publication of second quarter results, LVMH (2024 revenue: 84.68 billion euros, down by 2%) appointed Michael Burke as C.E.O.…
With tourism on the rise, Lawson is capitalising parking lots by renting Asia On July 7, 2025, Japanese convenience store chain Lawson (2023 revenue: 7.56 billion dollars, up by 8.8% year-on-year) announced the launch of a trial parking rental service for tourists.…
Shein must pay €40 million fine for misleading business practices Asia Europe On July 3, the French Ministry of Economy fined ultra-fast fashion giant Shein 40 million euros for misleading business practices following an investigation by the General Direction for Competition Policy,…
Home Depot acquires GMS for US$5.5 billion and confirms shift towards an integrated B2B model Americas With 50% of revenue from professional customers and a weakening property market, The Home Depot is making a second major investment in B2B. To acquire GMS Inc., the company is offering US$5.5 billion in cash, bringing total investment in this sector to more than US$23 billion in 15 months.
In the U.S.A., Kroger and Albertsons begin targeted store closures Americas On June 20, Kroger (2024 revenue: US$147 billion, up by 1.5% year-on-year via 2,731 stores) announced closure of 60 unprofitable stores in the U.S.A.…
