EU alleges Temu obstructed foreign subsidies inspection
The European Commission (EC) has issued a Statement of Grounds (SoG) to Temu owner PDD Holdings and Irish subsidiary WhaleCo,…
03 Aug 2026
Couche-Tard agrees Żabka acquisition in 32.62bn-zloty deal
Canadian convenience store retailer Alimentation Couche-Tard has agreed to acquire the entire issued and outstanding share capital of Polish convenience retailer Żabka Group in a transaction with equity value of…
03 Aug 2026
Seven & i secures Y300bn from PayPay, SoftBank and Sumitomo Mitsui
Seven & i Holdings has secured Y300bn ($1.91bn) from SoftBank, PayPay and Sumitomo Mitsui Card via a third-party allotment of treasury shares, as the Japanese retail group deepens a wider…
31 Jul 2026
Sainsbury’s agrees £120m sale of Argos to Swift Partners
Sainsbury's has signed a deal to sell Argos to Swift Partners, with the transaction set to deliver cash proceeds of at least £120m ($161.3m). The UK supermarket group said the…
31 Jul 2026
Adidas Q2 revenue climbs 14% on FIFA World Cup demand
Adidas recorded net sales of €6.74bn ($7.75bn) for the second quarter of 2026, with currency-neutral revenue up 14% year-on-year. The company said the rise was supported by direct-to-consumer performance and…
31 Jul 2026
eBay completes $1.2bn acquisition of fashion resale platform Depop
US online marketplace eBay has finalised its purchase of fashion resale platform Depop, closing a deal first agreed with previous owner Etsy in February. The purchase brings Depop into eBay’s…
31 Jul 2026
Prada Group revenues climb 16% to €3.04bn in first half
Italian luxury fashion house Prada Group posted net revenues of €3.04bn ($3.50bn) for the first half of 2026, up 16% year-on-year (YoY), with organic growth of 5%. The group said…