Deals this week: Food Lion, La Reina, Xiangwushuo

4 May 2018 (Last Updated May 4th, 2018 10:47)

Food Lion has agreed to acquire four Bi-Lo stores from Southeastern Grocers.

Food Lion has agreed to acquire four Bi-Lo stores from Southeastern Grocers.

All the stores are located in South Carolina, US.

Located in Myrtle Beach, Florence, Surfside Beach and Columbia, the four stores will be operated under Bi-Lo’s ownership until completion of the transaction.

Food Lion is a grocery store chain operator, while Southeastern Grocers is a supermarket chain operator.

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

Egyptian online platform for rental couture La Reina has raised $1m through a Series A financing round.

Led by Algebra Ventures Fund Coop, the round also involved the participation of 500 Startups Management Company.

“The divestment will enable Puregold to rebalance its risks portfolio in the grocery retail sector and concentrate on the development of its brand.”

Chinese online second-hand goods sharing platform Xiangwushuo has raised financing through a Series B funding round.

The round was led by investment management firm Hillhouse Capital Group.

Ocado has entered a strategic partnership with Swedish grocery chain ICA.

ICA will use Ocado’s e-commerce platform and technology for its automated picking warehouses, as part of the collaboration.

Ocado is a dedicated online grocery supermarket in the UK.

Macy’s has completed the acquisition of STORY, a concept store in New York City, US.

STORY will continue to operate under the same name and rotate new themes at its Chelsea location in New York City.

STORY founder Rachel Shechtman will join Macy’s as a brand experience officer, as part of the transaction.

Macy’s is an omnichannel retail organisation offering its products through stores, websites and mobile applications.

The Great Atlantic & Pacific Tea Company (A&P) has sold its A&P®, Waldbaum’s® and Food Basics® supermarket banners for an undisclosed sum.

The company has also sold other intellectual property assets, as part of the transaction.

Hilco Streambank was the legal adviser to A&P for the transaction.

Lawson has completed the acquisition of convenience store business of Puregold Price Club.

Puregold has also accepted Lawson’s offer to buy its 70% equity interest in PG Lawson for an undisclosed sum.

Lawson is a Japanese convenience store operator, while Puregold Price Club is a consumer goods wholesaler and retailer in the Philippines.

The divestment will enable Puregold to rebalance its risks portfolio in the grocery retail sector and concentrate on the development of its brand.