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January 11, 2019

Deals this week: Microsoft, Secoo, Kroger

Microsoft and Kroger have collaborated to launch a new connected store aimed at improving customer experience.

Microsoft and Kroger have collaborated to launch a new connected store aimed at improving customer experience.

Kroger Technology products powered by Microsoft Azure will be employed by Kroger for the delivery of retail as a service (RaaS) solutions to customers.

Microsoft Azure has been implemented by the Kroger Technology team in two pilot stores in Redmond, Washington and Monroe, Ohio.

The solution will allow the stores to offer personalised services through insights, which will improve store associate productivity.

Microsoft Azure will be used by the retailers for storing and processing data generated in smart shelves and shops, and on the app of Kroger.

Microsoft is a multi-national technology company headquartered in Redmond, Washington while Kroger is a retail company founded in Cincinnati, Ohio.

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Secoo has agreed with Oracle to deploy a new office automation system.

Utilising the management consulting service of Accenture, Oracle will implement its cloud solutions to aid the enterprise resource planning (ERP) and human capital management (HCM) systems of Secoo.

“Gousto has secured £18m ($19.9m) in funding from Unilever Ventures, Joe Wicks, and BGF.”

Oracle will enhance Secoo’s strategic development by building kernel cutting-edge technologies and multi-dimensional business management through artificial intelligence (AI). The collaboration will further enable Secoo to develop its lifestyle businesses.

Oracle is a multi-national computer technology company, while Secoo is an e-commerce platform based in China.

Kroger has raised $600m through the issue of international bonds.

The bonds will carry a coupon rate of 5.4% a year until they mature in January 2029.

The book-runners for the bond offering were Goldman Sachs, Banco Santander International, Fifth Third Bancorp, Bank of America Merrill Lynch, Wells Fargo & Co, and RBC Capital Markets.

Kroger is a retail company headquartered in Cincinnati, Ohio, US.

CVS Pharmacy intends to acquire 20 retail pharmacies from Ritzman Pharmacies.

The deal is scheduled for completion in February 2019.

Both companies involved in the transaction are pharmaceutical dealers based in the US.

Gousto has secured £18m ($19.9m) in funding from Unilever Ventures, Joe Wicks, and BGF.

Gousto is a British meal kit retailer headquartered in London.

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