Deals this week: Jewel Foods Stores, Unilever, Adidas
Jewel Foods Stores (Jewel-Osco) has signed an asset purchase agreement for the acquisition of 19 Strack & Van Til stores, as well as other assets of Central Grocers.
Jewel-Osco is a grocery store operator, while Central Grocers is a co-operative wholesaler.
Both the companies involved in the transaction are based in the US.
The deal will help Jewel-Osco to expand its operations into Indiana.
UK-based consumer goods company Unilever has announced plans to acquire Quala’s personal care and home care business.
Quala is a Colombian consumer goods company.
The acquisition will support Unilever's business in Latin America.
Finnish eyecare product retailer Silmaasema Fennica has announced plans to raise €35m ($37.43m) through an initial public offering of shares of its common.
Silmaasema plans to use the proceeds from the offering to fund its growth plans and support its capital structure.
Hubei Eastern Gold Jade has announced plans to raise Rs2.98bn ($431.62m) through private placement of shares.
Based in China, Hubei Eastern is a retailer of jade and gold jewellery. The company plans to invest the funds in its projects.
Passenger vehicle retailer China Yongda Automobiles Services Holdings has announced plans to raise approximately HK$888.3m ($114.05m) by issuing 135 million new shares priced at HK$6.58 ($0.84) each.
China Yongda will use the funds to expand its dealership network and supplement its general working capital.
Tesco has partnered with Spoon Guru to enable customers to choose food based on their specific dietary requirements while shopping online.
The first-of-its-kind deal will enable customers to find groceries according to their food preferences.
Both based in the UK, Tesco is a grocery retailer, while Spoon Guru is a technology start-up.
Adidas has announced its plans to divest its TaylorMade, Adams Golf and Ashworth golf brands to an affiliate of KPS Capital Partners for $425m.
Adidas is a Germany-based sportswear producer, while KPS Capital Partners is an American investment company.
The sale is part of Adidas’ strategy to concentrate on its footwear and apparel brands.