Alliance Boots annual profit up 6.1% to £1.2bn
UK-based drugstore major Alliance Boots has reported 6.1% increase in profits to £1.2bn for the year ended 31 March 2013…
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Australian Retailers Association laments over lack of support from federal budget
Industrial retail body Australian Retailers Association (ARA) has stated that the federal budget lacked schemes to relieve the retailers from…
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Starbucks outlines retail expansion in Asia
American coffee chain giant Starbucks has outlined extensive expansion plans aimed at Asian markets including China, Thailand, India and Myanmar…
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Private equity firm TowerBrook to acquire True Religion for $835m
Private equity firm TowerBrook Capital Partners has entered into a merger agreement to acquire American clothing company True Religion Apparel…
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e-retailer Alibaba to buy 28% stake in mapping firm AutoNavi for $294m
Chinese e-Commerce giant Alibaba is set to acquire 28% stake in digital mapping company AutoNavi for $294m in a bid…
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McDonald’s Indian franchisee to open 90 outlets by 2014
McDonald's Indian franchisee Hardcastle Restaurants plans to expand its retail footprint in the country by opening 80 to 90 stores…
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Shop price inflation in UK down at 0.4% in April 2013
Overall shop price inflation in UK dropped to 0.4% in the month of April 2013, against 1.4% recorded in the…
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Warburg Pincus mulls over sale of Poundland for £600m
US-based private equity group Warburg Pincus is mulling over the sale of Poundland, a budget retail chain in the UK,…
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Luxury retailer Neiman Marcus put up for sale by equity owners
American luxury specialty department store chain Neiman Marcus is put up for sale by its private equity owners TPG Capital…
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Coles offloads 75% stake in 19 shopping centres to ISPT for $532m
Australian supermarket chain Coles has forged a joint venture with Australian property fund manager ISPT to offload 75% stake in…