Reliance Retail secures $1.3bn investment from Saudi Arabia’s PIF
Indian conglomerate Reliance Industries (RIL) has secured an investment of approximately $1.3bn for its retail...
Kuwait’s retail co-ops union issues boycott directive on French products
Kuwait non-governmental Union of Consumer Co-operative Societies has reportedly issued a directive to boycott French...
Lulu International Holdings and ADQ sign agreement to expand in Egypt
Abu Dhabi holding company ADQ has reached a non-binding agreement with hypermarket and supermarket chain Lulu International Holdings (LIHL).
Mubadala in advanced talks with RIL’s retail division to invest up to $1bn
Abu Dhabi state-owned holding company Mubadala is reportedly in “advanced talks” with India-based Reliance Industries...
South Africa’s TFG agrees to acquire stores and select assets of Jet
South African retail company The Foschini Group (TFG) has submitted a conditional offer to the...
Steinhoff agrees to dispose of shares in Conforama France to Mobilux
South African retail holding company Steinhoff International Holdings (group) has agreed to divest its shares...
Massmart commences talks with unions to cut 1,800 jobs
South Africa-based retail chain Massmart Holdings has begun talks with employee unions to axe up...
ACI Worldwide: Global retail eCommerce sales grew 81% in May
A research conducted by electronic payment service company ACI Worldwide has revealed that global retail...
Ikea reportedly reopens three of six stores in Israel
Swedish furniture brand IKEA has reportedly resumed operations in Israel with the reopening of its...