FTD receives court approval to sell Consumer and Florist businesses
US-based floral and gifting retailer FTD Companies has received approval from the US Bankruptcy Court for the District of Delaware…
All articles by Gujjarlapudi Satish
Gujjarlapudi Satish
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Farfetch to acquire 100% interest in luxury brands platform New Guards
Global fashion platform Farfetch is to acquire 100% of the shares of luxury fashion brands platform New Guards Group for…
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Liberty Tax agrees to buy specialty retailer Vitamin Shoppe
US-based Liberty Tax has signed definitive agreement to purchase omnichannel, specialty retailer The Vitamin Shoppe in an all-cash transaction. The…
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Walgreens to close around 200 locations in US
US drugstore chain Walgreens has announced plans to close around 200 locations in the US as part of its transformational…
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Transform Holdco to close 26 large-format Sears and Kmart stores
Integrated retailer Transform Holdco, which owns Sears and Kmart, has announced plans to close 26 large-format Sears and Kmart stores…
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July’s top news stories
Walmart to invest $1.2bn in supply-chain logistics in China American multinational retail corporation Walmart revealed plans to invest nearly RMB8bn…
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Luxury retailer Barneys receives court approval for bankruptcy motions
Luxury specialty retailer Barneys New York has received approval for all ‘First Day’ motions filed under Chapter 11 in the…
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Nike buys retail predictive analytics firm Celect
Sportswear retailer Nike has completed the acquisition of US-based retail predictive analytics and demand sensing firm Celect. Established in 2013,…
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Sports Direct expands portfolio with Jack Wills acquisition
Mike Ashley’s retail empire Sports Direct has purchased the business and assets of UK-based clothing retailer Jack Wills out of…
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Tesco to cut 4,500 jobs at 153 Metro stores
UK supermarket chain Tesco has announced plans to cut 4,500 jobs at 153 Tesco Metro supermarkets in the UK. The…