Retail sector deal volume increases 29.4% despite coronavirus outbreak

3 April 2020 (Last Updated April 3rd, 2020 12:52)

The number of deals announced in the global retail sector increased by 29.4% during the week ended 29 March 2020, compared to the previous week, according to GlobalData’s deals database.

The number of deals announced in the global retail sector increased by 29.4% during the week ended 29 March 2020, compared to the previous week, according to GlobalData’s deals database.

GlobalData analyst Aurojyoti Bose said: “While deal activity remained subdued globally on the back of volatile market conditions due to the outbreak of the coronavirus (COVID-19), the retail sector witnessed growth in deal activity, which is primarily attributed to growth in debt offering deals volume.”

Most other key deal types witnessed decrease in volume during the week ended 29 March 2020, compared to the earlier week. Deal volume of mergers and acquisitions (M&A) experienced a 21.1% drop.

The number of private equity and venture financing deals declined by 50% and 28.6%, respectively.

Bose added: “The US witnessed growth in deal activity primarily on the back of growth in debt offerings deals. Activity remained mostly flat or with marginal increase/decrease in most of the other key countries.”

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