Divestitures, restructuring: BHV and El Corte Inglés seek a second wind Europe In mid-June, El Corte Inglés department stores published annual results for the year ending February 2025. After deciding in April to abolish the executive committee,…
Financière Agache, a Bernard Arnault’s holding company, exits Lagardère’s capital Europe It’s the end of a strategic partnership. According to the AMF, Bernard Arnault’s holding company Financière Agache sold the remaining 7.97% stake in the Lagardère group (Lagardère Travel Retail,…
China’s Wanda sells 48 malls in mega deal Asia In China, real estate developer Dalian Wanda Group (513 Wanda Plaza malls covering 70.9 million sq.m) is selling 48 shopping centres in a US$6.94 billion deal.…
Walmart leaves Japan by selling Seiyu for US$2.5 billion Asia On March 5, 2025, the American fund KKR and Walmart (turnover 2024 of US$681 billion, up by 5.6% at constant rates) announced the sale of the Japanese grocery retailer Seiyu,…
Auchan Russia is counting on sanctions being lifted to continue trading Asia Auchan Retail (2023 sales €32.26 billion, down 2% in a year, via 2,354 stores in 12 countries) has ended discussions with Gazprombank concerning the sale of 232 Russian stores,…
Ahold Delhaize consolidates, with two acquisitions in Belgium and Romania Europe In Europe, Ahold Delhaize is starting 2025 with a phase of consolidation. In Belgium and Romania, the business is to add 2,000 stores through acquisitions of Delfood and Profi.
Following the collapse of Big Lots, specialist retail concentrates in the U.S. Americas In a sluggish U.S. property market, discount furniture retailer Big Lots found a partial buyer. Variety Wholesalers is to take up to 400 stores.
Following an aborted merger, Albertsons claims US$6 billion from Kroger Americas The mega-merger between Kroger, the 3rd largest food retailer in the U.S.A. and Albertsons, the 6th largest,…
JD Sports buys Courir for €520 million, 10 times EBIT Europe After buying rival U.S. retailer Hibbett for US$1.1 billion in April, JD Sports Fashion (sales 2023 of €11.93 billion, up by 2.9%) made a 2nd acquisition.…
Auchan Retail to sell Russian stores to Gazprombank Europe Auchan Retail is in the process of withdrawing from Russia, with the sale of all 232 stores, according to La Lettre. While the company announced that it will remain in Ukraine, it is considering closing in Hungary, thereby shedding €4.46 billion in sales.
