1. News
August 3, 2018updated 10 Nov 2021 6:00am

Deals this week: Fossil Group, Metro Retail Stores, Velasca

Fossil Group Inc has entered a global licensing agreement with Bayerische Motoren Werke Aktiengesellschaft (BMW) for developing and distributing BMW-branded watches and smartwatches through 2023.

Fossil Group Inc has entered a global licensing agreement with Bayerische Motoren Werke Aktiengesellschaft (BMW) for developing and distributing BMW-branded watches and smartwatches through 2023.

Fossil Group and BMW will also design BMW-branded watches and accessories, which will be launched next year.

The collection will be available in more than 4,000 BMW retailers and Fossil Group’s key retailers worldwide.

Metro Retail Stores Group Inc intends to form a joint venture (JV) with an aim to expand its product range.

Metro Retail is a department store, hypermarket and supermarket operator based in the Philippines.

The firm has recently participated in a business-matching fair organised by Security Bank and MUFG Bank between companies based in Japan and the Philippines.

Velasca has secured €2.5m ($2.9m) in a funding round led by P101 SGR.

The funding round has also involved participation from Milano Investment Partners and other private investors.

Velasca is a men’s luxury shoes and accessories manufacturer based in Italy.

The firm intends to use the funds for national and global expansion, with major emphasis on the development of its Omnichannel model.

Order Handler has raised funding from DCM China through a series A round.

The funding round has also involved participation from Meituan-Dianping.

“The new academy will improve the skills of its employees and fortify its digitisation efforts in the business.”

Order Handler is an e-commerce company, while DCM China is a venture capital firm.

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

Walmart Canada intends to invest more than $175m in the construction of a frozen grocery facility in Surrey, British Columbia (BC).

The construction of the new 300,000ft² facility will begin in early-2021. Scheduled to begin operations in early-2022, the facility will create up to 200 jobs.

The retailer has also joined forces with a warehouse technology firm for the design of a modern and innovative building.

Hennes & Mauritz (H&M) has collaborated with GP & J Baker for introducing a women’s wear collection.

H&M is a clothing retail firm based in Sweden, while GP & J Baker is a wallpaper and textile house based in the UK.

The new collection features GP & J Baker archival prints in fashionable designs created by the in-house team of H&M.

The collection includes Magnolia, the classic Oriental Bird, Blossom, and Hydrangea Bird prints. It will be available globally in select stores and online from 2 August 2018.

Marks & Spencer (M&S) has partnered with Decoded for the launch of a new retail data academy called M&S Data Academy.

The new academy will improve the skills of its employees and fortify its digitisation efforts in the business.

The leadership team of M&S will also learn new technologies such as machine learning and artificial intelligence through its Data Leadership programme.