Co-op plans to divest 300 stores
The Co-op has appointed investment bank Rothschild to look for buyers for approximately 300 stores, as part of its efforts…
All articles by Umesh Ellichipuram
Umesh Ellichipuram
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Levi Strauss seeks approval for direct retailing in India
US-based apparel maker Levi Strauss & Co plans to transform its existing wholesale units in India into retail outlets.It has…
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Sears Hometown upgrades stores in Washington, US
US-based hardware and appliance retailer Sears Hometown and Outlet Stores is set to open three revamped stores in Washington, US,…
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Walgreens Boots Alliance sells Alliance Healthcare Russia to 36.6
US-based retail pharmacy Walgreens Boots Alliance has sold its pharmaceutical distribution division Alliance Healthcare Russia to Russian health and beauty…
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Canadian retail giant Loblaw plans to invest $1.3bn
Canadian food and pharmacy company Loblaw will invest $1bn ($775m) into its retail operations this year, while the remaining $300m…
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Franprix aims to renovate 860 stores in France by 2017
Convenience store chain Franprix intends to renovate around 860 stores in France by next year, in order to offer new…
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Vivendi to acquire equity interest in entertainment retailer Fnac
Media firm Vivendi will acquire a 15% interest in retailer Groupe Fnac, with an aim to bolster its digital businesses…
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Alibaba agrees to acquire controlling stake in Lazada
Alibaba has signed an agreement to purchase a controlling stake in Lazada, an e-commerce platform in South East Asia.The transaction…
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Lulu Group to invest $751m in India over four years
UAE-based hypermarket operator Lulu Group has announced plans to invest Rs50bn ($751m) in India over the next four years.It intends…
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Sears Holdings secures $500m loan
Department store operator Sears Holdings has secured a $500m loan, which will mature next July.The short-term loan was partially financed…