Retail Media: Equativ acquires Kamino Retail Europe The Equativ marketplace (owned by Bridgepoint since 2023) announced on September 26, 2024, the acquisition of Kamino Retail,…
Lulu Group set to raise over US$1.5 billion via I.P.O. Africa, Middle East Announced 2 years ago, Emirati retailer Lulu Group (2023 sales of US$8 billion via 260 supermarkets and 24 malls) is set to go public at the beginning of November 2024.…
TJX invests US$360 million in the Dubai-based Brands For Less Africa, Middle East While Primark announced a strategic partnership with Alshaya Group to enter the Gulf, the American TJX Co.…
Miniso’s acquisition of Yonghui supermarkets worries markets Asia On September 23, Miniso (2023 sales: US$1.58 billion, up 14%) announced an investment of US$893 million to acquire a 29.4% stake in Chinese supermarket player Yonghui Superstores (2023 sales: US$11.6 billion).…
Fnac Darty launches takeoverbid for Unieuro to create a European leader Europe Following the approval given by the Italian financial markets authority on August 23, Italian home-electrical retailer Unieuro (2023 sales of €2.63 billion) has until October 25 to accept Fnac Darty’s takeover bid.…
Couche Tard offers US$38 billion for control of 7/Eleven Americas Three years ago, North American convenience stores specialist Couche Tard failed to takeover Carrefour. On August 19, the owner of Circle K stores (sales of US$69.3 billion in the year to April 2024 down by 3.6%) confirmed a takeover offer for 7/Eleven,…
Merger with Albertsons: Kroger raises a bid by US$1 billion Americas Announced in October 2022, the US$25 billion (including debt) mega-merger between Kroger and Albertsons was temporarily suspended on July,…
Supreme acquired by optics giant Essilorluxottica for US$1.5 billion Americas Europe 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 US$1.5 billion,…
Despite lower debt, Zouari struggles to take control of Picard Europe 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.…
Naf Naf taken over by Turkey’s Migiboy for €1.5 million Africa, Middle East 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 by 23.6%) for €1.5 million.…
