Reliance Retail and Delta Galil partner for apparel innovation in India
Indian retailer Reliance Retail Ventures and Israel-based apparel manufacturer Delta Galil Industries have entered a strategic joint venture (JV) partnership…
09 Sep 2024
Big Lots signs sale deal with Nexus, initiating Chapter 11 process
Ohio-based US discount retail chain Big Lots has signed an agreement with an affiliate of Nexus Capital Management under which Nexus will acquire all the retailer’s assets and ongoing business…
06 Sep 2024
Seven & i board rejects takeover bid from Alimentation Couche-Tard
Japanese retail conglomerate Seven & i Holdings has rejected a substantial $38.5bn cash bid from Canadian retailer Alimentation Couche-Tard (ACT). Responding to the proposal, special committee chair and Seven &…
06 Sep 2024
Asos divests majority stake in Topshop and Topman
Online fashion retailer Asos has signed a binding agreement with Heartland’s subsidiary to create a new joint venture (JV) which will acquire the Topshop and Topman (TSTM) brands. The agreement…
05 Sep 2024
Shoprite agrees to sell furniture business to Pepkor
South African grocery retailer Shoprite has reached an agreement to sell its furniture business, including the OK Furniture and House & Home brands, to Pepkor Holdings. The transaction, which will…
02 Sep 2024
Artisan seeks update on Seven & i Holdings’ takeover bid from ACT
Artisan Partners Asset Management, an investor in Seven & i Holdings, has pressured the company to provide an update on the takeover bid from Alimentation Couche-Tard (ACT) by 19 September…
30 Aug 2024
Sainsbury’s to acquire 10 Homebase stores for $171.41m
British supermarket chain Sainsbury's has agreed to buy ten leasehold stores from home improvement retailer HHGL, which operates as Homebase. The locations will be transformed into big Sainsbury's supermarkets. The…