Albertsons agrees to merge with Rite Aid
US-based grocery retailer Albertsons has entered a definitive agreement to merge its business with drugstore chain Rite Aid. The transaction…
All articles by Umesh Ellichipuram
Umesh Ellichipuram
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Chanel buys minority stake in Farfetch
French fashion retailer Chanel has acquired a minority stake in UK-based online fashion retail platform Farfetch. Financial details of the…
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VF plans to sell apparel brand Nautica
Global apparel and footwear company VF is planning to divest its Nautica apparel brand in order to focus on its…
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Burberry to strengthen e-commerce presence with Farfetch partnership
Global luxury brand Burberry has partnered with online fashion retail platform Farfetch to further strengthen its presence in the e-commerce…
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FAO Schwarz unveils global expansion strategy
US-based toy retailer FAO Schwarz is set to expand its global presence by entering a new partnership with Chinese toy…
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Russia’s VTB Group to buy 29% stake in Magnit for $2.4bn
Russian financial services provider VTB Group has signed an agreement with Magnit owner Sergei Galitsky to acquire his 29.1% stake…
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Co-op set to open 30 new stores in London
UK-based food retailer Co-op is planning to open 30 new food stores and refurbish seven existing stores in the Greater…
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H-E-B acquires Favor Delivery in US
US-based supermarket chain H-E-B is set to improve its delivery service with the purchase of on-demand delivery service provider Favor…
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iFresh to accept payments through Alipay’s Mobile Wallet in US
US-based supermarket chain and online grocer iFresh is to start accepting payments through Alipay’s Mobile Wallet platform. Operated by Alibaba’s…
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Dollar General expands partnership with Nielsen
American variety store chain Dollar General has expanded its strategic partnership with UK-based data analytics company Nielsen. Under the partnership,…