1. News
August 16, 2021

Tallink Grupp divests Baltic Retail onshore fashion business

The sale will allow Tallink Grupp to focus on its core operations.

Estonian shipping company Tallink Grupp has reached an agreement to divest its 100% stake in Baltic Retail, a domestic fashion retail business, to Talwest Grupp.

Free Report
img

Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

Established in January 2018, Baltic Retail is a wholly owned subsidiary of Tallink focused on fashion retail sales in Estonia.

The company employs 35 people and operates eight retail stores in shopping centres in Tallinn.

It also holds franchise rights to five fashion brands, namely Esprit, Vero Moda, Jack and Jones, SuperDry and United Colors of Benetton.

Following the deal, Talwest Grupp will take over the onshore franchise rights of these five brands.

Tallink Grupp, along with its subsidiaries, will continue to operate through smaller onshore travel retail outlets and its goods store, Tallink Express in Tallinn.

It will also continue to roll out Burger King restaurants in the region.

The companies have not disclosed the financial terms of the transaction.

Tallink Duty Free head Aimar Pärna said: “Baltic Retail and the expansion into the onshore fashion retail market made perfect sense a few years ago, before the pandemic and building on our decades of experience with travel and fashion retail on board.

“We have extensive knowledge, strong partnerships with global brands and pre-pandemic great ideas and plans for growth and expansion on shore. However, right now, we must readjust our plans and refocus.

“Our sights are currently firmly set on securing and strengthening our core business and onboard operations, as well as on the growth and expansion of our online retail presence.

“In the current world and new shopping habits where online has come to dominate, this is where our energy and efforts should be directed in the short to medium term.”

Tallink Grupp said that the sale of Baltic Retail will not affect its consolidated financial results or those of its subsidiaries.

Free Report
img

Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.