All articles by Anagha Unnikrishnan

• Groupe Fnac raises bid to acquire electrical retailer Darty

  French retail chain Groupe Fnac has reportedly increased its bid to $1.3bn to acquire electrical retailer Darty.Fnac has offered the…

• Lulu Hypermarket to open store at The Mall, Abu Dhabi

  Lulu Hypermarket has revealed plans to expand its footprint across the Middle East.As part of the strategy, Lulu Hypermarket has…

• UK retailer BHS files for administration

  UK-based high street chain British Home Stores (BHS) has reportedly filed for administration, risking roughly 11,000 jobs.Duff & Phelps have…

• Sears plans to close 78 stores in US in 2016

  US-based retail conglomerate Sears Holdings has unveiled plans to close ten Sears stores and 68 Kmart outlets this year.The latest…

• Tesco sells South Korean business Homeplus for £4.2bn

  Tesco has agreed to sell its South Korean business Homeplus to MBK Partners-led consortium for $6.1bn (£4bn). As per the…