Acquisition

French government opposes take-over of Carrefour

French government opposes take-over of Carrefour
Photo: Réussir Fruits et Légumes
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
All rights reserved
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
All rights reserved
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
Evelyn Simak (geograph.org.uk)
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

Edeka to acquire remaining 10% stake in Netto

Edeka to acquire remaining 10% stake in Netto
J. Triepke, Flickr
Edeka has bought the last 10% of Netto. As retailanalysis.igd.com reports, the German supermarket giant already owned a majority stake in its discount chain, Netto Marken-Discount, with Tengelmann holding a […]
Thu 20/08/2020 by Richard Wilkinson

Carrefour expands Taiwan network with takeover

Carrefour expands Taiwan network with takeover
All rights reserved
Carrefour is expanding its presence in Taiwan, just as it pulls out of China. The French retailer announced an agreement to acquire Wellcome Taiwan, consolidating its position as the leading […]
Wed 17/06/2020 by Richard Wilkinson

LCL continues expansion in Netherlands market

LCL continues expansion in Netherlands market
MundoMaritimo
Leading logistics operator LCL continues to consolidate its presence in the Dutch fresh produce sector with the purchase of coldstorage and distribution facilities of Dutch company Saphir (part of the […]
Tue 05/05/2020 by Richard Wilkinson

T&G Global to take over Freshmax’s produce division

T&G Global to take over Freshmax’s produce division
All rights reserved
One of New Zealand’s largest fresh produce companies, T&G Global has signed an agreement to purchase the domestic fresh produce division of Freshmax NZ. T&G Global CEO Gareth Edgecombe said […]
Mon 23/12/2019 by Richard Wilkinson

Subscribe to our magazine

Subscribe to our Newsletter

Subscribe

Most read on social media

Popular news