Severgroup acquires 42% interest in Russian hypermarket group Lenta
Private investment company Severgroup has acquired a 42% interest in Russian grocery retail chain Lenta, for a total consideration of…
All articles by Umesh Ellichipuram
Umesh Ellichipuram
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ESL affiliate acquires Sears Holdings’ assets for $5.2bn
ESL Investments affiliate Transform Holdco has acquired the go-forward retail footprint, assets and component businesses of Sears Holdings. The acquisition…
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Retail chain Lulu launches green initiative in Al Barsha, Dubai
UAE-based retail chain LuLu Hypermarket has partnered with Dubai Municipality to distribute 6,000 eco-friendly reusable bags in Al Barsha, Dubai.…
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MPs to launch probe into Sainsbury’s and Asda deal
MPs are intending to launch a probe into the proposed £12bn merger between Sainsbury's and Asda. This probe is not part…
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DSW further expands presence in GCC
US-based branded shoes and accessories retailer Designer Shoe Warehouse (DSW) has announced the opening of its newest international store. The…
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Hudson Group brings FAO Schwarz’s toys and candy stores to US airports
North American travel retailer Hudson Group has signed an agreement to serve as the exclusive airport retailer for FAO Schwarz…
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Consob approves Richemont offer to acquire YNAP
Swiss luxury goods group Compagnie Financière Richemont (Richemont) revealed that Italian stock market regulator Commissione Nazionale per le Società e…
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BJ’s expands partnership with Instacart in US
US-based warehouse club chain BJ's Wholesale Club (BJ’s) expanded its partnership with grocery delivery service provider Instacart to offer members…
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Bankrupt Toys R Us is closing all US stores
Toys R Us has filed a motion seeking Bankruptcy Court approval to begin the process of conducting an orderly wind-down…
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Walmart to expand online grocery delivery in US
US-based supermarket Walmart is planning to expand its online grocery delivery service to more than 100 metro areas across the…