Urban Purveyor Group, an Australian restaurant and bar operator, has acquired Fratelli Fresh in a deal that includes the latter’s five Cafe Sopra venues, four fresh produce retail outlets and its spin-off Cafe Nice eatery.
As part of the agreement, Fratelli Fresh founder Barry McDonald will continue as an adviser while its chief operating officer Nina Gravelis will join Urban Purveyor as brand general manager.
Mobile commerce company Ticket Monster has secured a $40m investment from NHN Entertainment Corporation through a majority acquisition, benefitting the two companies to complement synergies and share expertise across core business areas.
Signa Retail, an Austrian equipment retail stores operator, has agreed to purchase a 60% stake in German sport goods retailer OUTFITTER in order to expand its business.
The remaining 40% stake will continue to be owned by OUTFITTER founder and CEO Ron Berger.
Alibaba Group Holding has entered into an agreement to buy a majority stake in Lazada Group, an online retailer of electronics based in Singapore, for a consideration of $500m. The agreement will help Alibaba to expand its platform in South East Asia.
Holman Automotive Group, a US-based new and preowned automobile retailer, has agreed to acquire Kuni Automotive.
Following the acquisition, Holman chairman of the board Melinda K Holman will join the Kuni Automotive’s board.