M&A

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...

24 September 2024

Fnac Darty launches takeoverbid for Unieuro to create a European leader

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...

13 September 2024

Couche Tard offers US$38 billion for control of 7/Eleven

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...

30 August 2024

Merger with Albertsons: Kroger raises a bid by US$1 billion

Announced in October 2022, the US$25 billion (including debt) mega-merger between Kroger and Albertsons was temporarily suspended on July, 25 2024. This decision comes after the publication of the...

19 August 2024

Supreme acquired by optics giant Essilorluxottica for US$1.5 billion

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...

19 July 2024

Despite lower debt, Zouari struggles to take control of Picard

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. These are a British investment fund Lion Capital (51%)...

12 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

Aldi invests US$9 billion in U.S.A. expansion

On March 7, 2024, German discounter Aldi (12,000 stores worldwide, including 2,400 in the U.S.A.) announced an investment of €9 billion over 5 years for American expansion. The firm also...

25 March 2024

BNPL: Crédit Agricole Consumer Finance acquires Pledg

On February 15, Crédit Agricole Consumer Finance (owner of Sofinco) announced plans to acquire BNPL specialist Pledg. This 100% takeover (without financial details) should enable the...

19 February 2024

Social commerce: TikTok acquires an Indonesian e-commerce giant

In Indonesia, the parent company of TikTok ByteDance (2022 revenue of US$85.2 billion, operating margin of US$20 billion) finalized the acquisition of the online retailer Tokopedia. Tokopedia is...

1 February 2024

The Body Shop soon to be taken over by the Eurelius fund

After selling Aesop to L'Oréal, Brazilian giant Natura &Co was committed to selling The Body Shop. The investment company Aurelius has reportedly shown an interest.

7 November 2023

UK : After Missguided, will Shein acquire TopShop?

Shein continues a strategic shift towards a marketplace business, already launched in the U.S.A. Brazil and now due in Europe. It has just acquired Missguided and may add Topshop in its portfolio.

31 October 2023

India: Reliance Retail steps up fund-raising ahead of possible IPO

While Amazon and Walmart are stepping up investments in India, Reliance Retail Ventures (2022 sales of US$31.7 billion, net margin of 3.5% of sales) raised US$250 million from the New-York based...

3 October 2023

USA: Shein makes historic breakthrough in physical retailing

While the Republican Attorney Generals in 16 states asked the SEC to investigate whether Shein’s supply chain uses forced labour, the pure-player (US$23 billion turnover in 2022 via 150...

1 September 2023

Auchan outpaces Jeronimo Martins as Portugal’s leading retailer

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...

8 August 2023

External growth: Carrefour acquires Cora-Match

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...

17 July 2023

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Save launches an e-commerce site to support a shift towards sales

Having just reached break-even, the French subsidiary of refurbished specialist Save intends to go beyond an historical model of repair to develop sales of accessories and refurbished products...

23 January 2026

Shoptimus AI scales up in grocery smart shopping lists and prepares for a new funding round

After securing a strategic partnership with Spanish grocer Bon Preu, retail tech firm Shoptimus AI—first spotted by Carrefour—is accelerating a rollout. By leveraging AI agents to automate grocery...

11 January 2026

Agentic AI: Hymalaia attracts retailers and announces imminent fundraising

According to our sources, the young start-up Hymalaia is continuing development in retail with 4 new retailers currently in POC and an imminent fundraising. We examine the details.

16 December 2025

Refurbished smartphones: why Largo relies on Speeral automation

The start-up founded by the duo behind Teester and Skeepers is accelerating automation of second-hand product flows. The strategy is to use AI to direct products to high-traffic marketplaces such...

9 December 2025

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Black Friday: Amazon’s AI assistant Rufus featured in 38% of sessions in the US

While peak season sales, revealed at the NRF Big Show, rose by 4.1% in the US from November 1 to December 31, 2025, Rufus, Amazon’s conversational chatbot, confirmed its traction. During the...

15 January 2026

Global retail tech investment rose by 7.4% in 2025

In 2025, venture capital continued to flow into commerce technologies. With 27.5 billion dollars invested in retail tech, the average deal size increased while the number of transactions declined.

23 January 2026

Circana: French e-commerce ended 2025 with strong growth, hypermarkets continue to decline

After four years of decline, volumes of fast-moving consumer goods (FMCG) rose again in 2025 in France and Europe, although they did not compensate for four years of losses. The rebound was...

15 January 2026

2026 trends – BNPL, mobile checkout, wallets: new challenges for payments

(Trends 3/6) Faced with soaring Visa and Mastercard fees, European retailers are looking for alternative payment methods that protect margins while boosting conversion. From wallets and...

16 January 2026

China bans JD.com, Alibaba and Meituan from forcing promotions

On January 7 2026, China published new regulations banning the country’s major e-commerce platforms such as Alibaba from forcing merchants to apply promotions. These measures, which will...

8 January 2026

Cyberattack: Coupang targeted by investor lawsuit in the U.S.

Under investigation following a cyberattack that exposed data for 33.7 million customers and resignation of C.E.O. Park Dae-Jun on December 10 2025, South Korean e-commerce retailer Coupang (2024...

6 January 2026