Deals this week: Italia Independent Group, B&R Stores, Shenzhen Zhihuicheng E-Commerce

Italia Independent Group has announced plans to raise €5m ($5.6m) through an issue of bonds carrying 7% interest rate.

Based in Italy, Italia Independent is an eyewear manufacturer and distributor.

US-based grocery stores operator B&R Stores has signed an agreement with the Lovegrove family to acquire the latter’s Lovegrove’s Grocery in Waverly, Nebraska, US.

"PetSmart plans to use the proceeds to finance the acquisition of Chewy."

The Lovegrove’s Grocery will be rebranded as Russ’s Market Express following the transaction.

Shenzhen Zhihuicheng E-Commerce (operating as Taoshihui) has raised CNY100m ($14.52m) through Series A+ funding round led by Shenzhen Qianhai Yongxuan Venture Capital Enterprise.

Shenzhen Zhihuicheng is a rural e-commerce platform operator.

All entities involved in the deal are based in China.

PetSmart (formerly PetFood Warehouse) has announced two private offerings of senior notes due 2025 to raise $1.35bn and $650m.

A speciality pet products retailer based in the US, PetSmart plans to use the proceeds to finance the acquisition of Chewy.