Carrefour gets green light for 100% takeover of Brazilian subsidiary Americas On April 25, Carrefour (2024 revenue of €87.27 billion, up 5.3% at constant exchange rates) obtained approval from the minority shareholders of the Brazilian subsidiary for the 100% acquisition of the business.…
Profit and market valuation slashed in half: will Shein postpone I.P.O.? Asia Shein may delay a London Stock Exchange I.P.O., initially planned for April 2025, to the second half of the year. According to the Financial Times on February 23,…
Following a strong 2024, Carrefour wants to spend €800 million for the Brazilian unit Americas On February 19, 2025, Carrefour published annual results: in 2024, total sales grew by 5.3% at constant rates to €87.27 billion excluding V.A.T.…
Cash & carry: Metro AG to delist from the Stock Exchange Europe After posting sales of €8.6 billion in the quarter to December 2024 (-1.5% in total), German Metro AG (623 stores in 35 countries) announced its withdrawal from the Frankfurt Stock Exchange.…
Malaysian discounter Eco-Shop wants to raise US$200 million for an IPO Africa, Middle East On January 20, 2025, preparing for I.P.O. on the Malaysian Stock Exchange by June 2025, Malaysia’s largest discount retailer by sales Eco-Shop (annual revenue of US$510 million to the end of May 2024,…
Klarna files I.P.O. document with Wall Street Americas The I.P.O. of Sweden’s Klarna is taking shape. On November 12, the Swedish BNPL company announced that it had “confidentially” filed a first version of a registration document with the SEC,…
Free With US$1.72 billion, Lulu signs the biggest I.P.O. of the year in the Gulf Africa, Middle East U.A.E.-based Lulu Retail Holding (2023 sales of US$7.3 billion via 260 supermarkets and 24 malls) raised US$1.72 billion in an initial public offering on the Abu Dhabi Stock Exchange (ADX) on November 6,…
