M&As this week: Compagnie Financiwre Richemont, Nicole Crafts, Momentous Entertainment

17 November 2017 (Last Updated November 17th, 2017 11:29)

Compagnie Financiere Richemont has completed the acquisition of Italian company Stefano Serapian.

Compagnie Financiere Richemont has completed the acquisition of Italian company Stefano Serapian.

Based in Switzerland, the acquirer is a luxury goods company focused on watchmaking, jewellery and fashion accessories, whereas the target company manufactures and sells briefcases, handbags and purses.

“The acquisition will enable A.C. Moore to provide an omnichannel customer shopping and expand its creative digital commerce worldwide.”

US-based arts and crafts retailer and A.C. Moore parent company Nicole Crafts has acquired Blitsy, an online retailer of arts and crafts products.

The acquisition will enable A.C. Moore to provide an omnichannel customer shopping and expand its creative digital commerce worldwide.

Alibaba Group Holding has reached an agreement to acquire a minority stake in Supermarket Grocery Supplies, with the objective of strengthening itself to counter  rival company Amazon.

Based in India, the target company owns and operates online food and grocery site BigBasket.com.