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June 15, 2018updated 05 Nov 2021 12:02pm

Deals this week: Carrefour, Asda

Carrefour has joined forces with Google to offer a new grocery shopping experience for its customers in France.

Carrefour has joined forces with Google to offer a new grocery shopping experience for its customers in France.

Both the companies aim to provide an innovative shopping experience in store, online on smartphones, and through voice services across the country.

Carrefour’s customers will have a new buying experience by early-2019 through Google platforms, including Assistant, Google Home, and Google Shopping website in France.

Carrefour engineers and Google Cloud AI experts will create new buying experiences for customers in an innovation lab to be opened in Paris, France.

Asda has collaborated with Foodmaestro platform to introduce personalised online nutritional search aid service for its online groceries.

The partnership will enable Asda’s customers to find food based on their requirements and the service will offer custom filters that allow its customers to filter products according to their diet, lifestyle or nutritional choices.

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Customers can also sort the available results by sugar, salt, carbohydrates and fat. The new service is available on the Asda Groceries site and its latest versions of apps.

Foodmaestro provides data for the service, while data is delivered to Asda through Nielsen Brandbank’s Extended Attributes service.

Restoration Hardware Holdings Inc (Restoration Hardware Inc) intends to raise $300m through a private placement of notes due 2023.

Based in the US, Restoration Hardware is a retailer of home furnishings.

Bank of America Merrill Lynch is the financial adviser for the transaction.

The firm intends to use the funds to pay the net cost of the convertible note hedge transactions and outstanding borrowings.

“The transaction will enable Reece to expand its network from 18 to 30 stores.”

Canadian Tire Corporation Limited intends to raise C$250m ($193.19m) through a private placement of Series E unsecured medium-term notes.

The notes will pay an annual interest rate of 2.646% until they mature on 6 July 2020.

RBC Capital Markets LLC and BMO Capital Markets are the joint book-runners for the transaction.

Canadian Tire also plans to raise C$400m ($309.11m) through a private placement of 3.167% Series F unsecured medium-term notes due 6 July 2023.

The firm intends to use the funds to pay a portion of the purchase price of Helly Hansen and repay its debt, as well as for general corporate purposes.

Xingbianli has raised funds through a venture funding round from Ant Financial Services Group (formerly Alipay).

The funding round has also involved participation from Lightspeed Venture Partners, a venture capital firm based in the US.

Xingbianli is an operator of checkout-free convenience stores, while Ant Financial is a provider of online third-party payments. Both the companies involved in the transaction are based in China.

The firm plans to use the funds for research and development and for developing a new smart vending machine.

At Home Group Inc intends to raise funds through an underwritten secondary public offering of eight million shares.

The stakeholders involved in the offering include certain affiliates of AEA Investors LP and Starr Investment Holdings LLC.

The underwriter, BofA Merrill Lynch, has been granted a 30-day option to buy an additional 1.2 million shares.

Reece Limited has entered an agreement to purchase Edward Gibbon, as well as Zip Plumbing Plus stores situated in Christchurch and Takanini, New Zealand.

Based in New Zealand, Edward Gibbon has ten stores in the main centres of the country’s south and north islands.

The transaction will enable Reece to expand its network from 18 to 30 stores, which sell plumbing, bathroom and HVAC-R products and equipment.

Back Market Inc has raised $48m through a venture funding round from Groupe Arnault SAS, Eurazeo SA, Aglae Ventures, and Daphni SAS.

All the companies involved in the transaction are based in France.

The firm intends to use the funds to expand its marketplace of refurbished products.

Farmdrop has secured £10m ($13.2m) through a Series B funding round led by LGT Impact Ventures and Belltown Ventures.

The funding round has also involved participation from VC firm Atomico.

The latest round brings the total funding secured by Farmdrop to £20.75m ($27.5m).

The firm plans to expand in Northern England through the launch of a new hub in Manchester by next year.