M&A

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...

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...

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...

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...

With the announced sale of Grupo Pao de Açucar, Brazil's 2nd largest retailer in terms of sales, the French retailer is preparing for significant change for Latin America, the largest market in...

Following an article in the Times stating that Amazon might be interested in a potential takeover of Ocado, shares in the British pure-player, which also has a business as a logistics provider for...

Interrupting a proposed merger between Casino and Teract, Intermarché is joining the fray. The firm wants to take over about 100 Casino French supermarkets to gain 0.7% market share. This is...

In search of cash, Brazilian beauty retailer Natura & Co had been looking to sell a gold nugget called Aesop since February. L’Oréal (2022 sales of €38.3...

On 24 March, Adeo announced an intention to “cede control” of 113 Russian Leroy Merlin stores. However, the holding company wants to “keep its hand” in the poker game. The...

Taking advantage of TotalEnergies' withdrawal from petrol stations, the Canadian company Couche-Tard is filling the space and expanding operations in Germany, the Netherlands, Belgium and...

Under the leadership of new C.E.O. Fabio Barbosa, appointed last June after the resignation of Roberto Marques, the international beauty group Natura & Co is considering selling all or part of...

Five years after the acquisition of Westfield, URW is accelerating a sale of assets in the U.S.A. to reduce debts. 

The Polish government announced an intention to acquire the country’s leading convenience store chain, Zabka (8,000 franchise stores, 2021 turnover of US$2.5 billion, up by 22%...

In the U.S.A., the food retailer Kroger announced the purchase of competitor Albertsons on 14th October 2022. While this deal looks defensive in the short term, it is also offensive in the long...

The Canadian Couche-Tard‘s offer of €20 per Carrefour share was rejected by the French government, citing food security and employment issues. Carrefour, whose share price has fallen to...