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Morrisons’ acquisition of McColl’s is a game-changer

Morrisons’ acquisition of McColl’s is a game-changer
UK retailer Morrisons beat off fierce competition from Asda to purchase convenience store chain McColl’s, which had entered administration. This represents a key move for Morrisons, as McColl’s will be […]
Thu 16/06/2022 by Richard Wilkinson

Cencosud enters US with purchase of The Fresh Market

Cencosud enters US with purchase of The Fresh Market
Chilean holding company Cencosud has reached an agreement to buy 67% of the premium supermarket The Fresh Market (TFM), which will allow it to enter the US market. Matías Videla, […]
Mon 16/05/2022 by Richard Wilkinson

Hortifrut to take over Atlantic Blue

Hortifrut to take over Atlantic Blue
An agreement has been reached for Hortifrut to purchase Atlantic Blue, a Spanish leader in the development, production and marketing of berries in Europe and Northern Africa. The deal will […]
Tue 26/10/2021 by Richard Wilkinson

Dole and Total Produce price falls on debut

Dole and Total Produce price falls on debut
On the day the Dole Plc shares debuted, their value dropped by over 6%, giving the firm a valuation of just below US$1.4 billion. Dole Food and Total Produce formally […]
Mon 09/08/2021 by Richard Wilkinson
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French government opposes take-over of Carrefour

French government opposes take-over of Carrefour
France’s government has opposed the proposed €16.2 billion takeover of French supermarket chain Carrefour by Canadian convenience store group Couche-Tard, according to Reuters. Labour Minister Elisabeth Borne said Thursday on […]
Wed 20/01/2021 by Richard Wilkinson

Investigation launched into Asda takeover

Investigation launched into Asda takeover
The planned £6.8 billion takeover of Asda by the Issa brothers and private equity firm TDR Capital is the subject of a probe by the UK’s competition watchdog (CMA), after […]
Wed 16/12/2020 by Richard Wilkinson

Alibaba secures controlling stake in Sun Art

Alibaba secures controlling stake in Sun Art
Online retail giant Alibaba has acquired a controlling stake in leading Chinese hypermarket and supermarket operator Sun Art Retail Group. As Retail Gazette reports, the move, costing approximately US$3.6 billion, […]
Wed 28/10/2020 by Richard Wilkinson

Asda owners reassure investors following Deloitte’s sudden exit

Asda owners reassure investors following Deloitte’s sudden exit
Asda’s new owner EG Group seeks to reassure shareholders following its auditor Deloitte’s unexpected resignation. The separation is understood to be partly due to concerns regarding a lack of independent […]
Wed 21/10/2020 by Richard Wilkinson

Walmart sells off Asda

Walmart sells off Asda
Walmart has sold its majority stake in Asda in a deal that values the UK supermarket chain at £6.8 billion.
Thu 15/10/2020 by Richard Wilkinson

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