Unilever to raise stake in Indian retail arm HUL
Anglo-Dutch consumer goods company Unilever has offered INR292.2bn (€4.1bn) in a bid to raise stake in its Indian arm Hindustan…
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Best Buy to offload stake in European joint venture in £500m deal
American multinational consumer electronics corporation Best Buy has entered into a definitive agreement to offload its 50% stake in European…
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Scotland prohibits tobacco products display in large shops
The federal government of Scotland has prohibited large shops from exhibiting tobacco products as part of its health improvement measures…
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Whitbread to unveil 1,100 Costa Coffee outlets by 2016
UK-based hotel and coffee shop operator Whitbread is seeking expansion of its Costa Coffee chain to increase the store count…
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Canon to unveil 200 Canon Image Square stores in India by 2015
Canon India, a subsidiary of Japanese electronics company, has outlined plans to further its Canon Image Square chain in the…
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Thai retailer CP All to acquire controlling stake in Siam Mikro for $6.6bn
Thailand-based convenience store chain CP All is set to acquire 64.3% stake Dutch cash-and-carry retailer Siam Makro from SHV Holdings…
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Asda plans £700m investment in UK
UK-based supermarket chain Asda has outlined plans to invest £700m to expand its multi-channel business and to launch new online…
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Jewellery brand Gitanjali plans apparel market foray with 300 new retail locations
India-based jewellery brand Gitanjali Group is seeking business expansion into apparels market with the launch of a line of clothing…
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KKR to acquire 65% stake in clothing retailer SMCP
US-based private equity firm Kohlberg Kravis Roberts (KKR) has entered into a definitive agreement to buy 65% stake in French…
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Brazil retailer Grupo Pão de Açúcar to open 100 supermarkets in 2013
Brazilian retail major Grupo Pão de Açúcar is outlining plans to invest BRL2.02bn ($1bn) to launch 100 Minimercado Extra supermarkets…