Damiani Group completes Baume & Mercier acquisition
Italy’s The Damiani Group has concluded the acquisition of Swiss watchmaker Baume & Mercier from luxury retailer Richemont. The transaction follows a…
All articles by Shubhendu Vimal
Shubhendu Vimal
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Frasers Group sells Sports Direct Malaysia stake to MAP Active for $150m
Frasers Group has agreed to sell its full stake in Sports Direct Malaysia to MAP Aktif Adiperkasa (MAP Active) for…
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Kroger to acquire Giant Eagle for $1.65bn
US supermarket chain Kroger has struck an agreement to acquire privately held food and pharmacy retailer Giant Eagle in a…
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EU imposes €3 duty on low-value parcels from outside bloc
The EU has introduced a temporary €3 ($3.42) customs duty on parcels worth up to €150 imported from outside the…
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TG Jones restructuring plan approved by London court – report
UK retailer TG Jones has secured a London court approval for a restructuring plan featuring significant rent reductions and a…
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German retail sales climb 1.1% in May
German retail sales climbed in May, with turnover increasing by 1.1% in real terms against the previous month, provisional data…
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Cumberland Farms completes $830m sale of Australian business
Cumberland Farms, the convenience retail arm of UK-based EG Group, has completed the sale of its Australian business to Ampol…
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Nike swings to Q4 profit on tariff refund boost, but China slump deepens
US sportswear retailer Nike reported full-year revenue of $46.39bn for fiscal year 2026, while fourth-quarter (Q4) profit rose on an…
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Accent rejects Frasers takeover approach as “materially inadequate”
Accent Group has rejected an unsolicited takeover approach from UK retailer Frasers Group, calling the A$0.65 ($0.45) a share proposal “opportunistic”…
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Sainsbury’s sales rise 3.1% as grocery momentum offsets clothing decline
Sainsbury's first-quarter sales increased by 3.1% to £8.04bn in the 16 weeks to 20 June 2026, with the UK supermarket…