All International articles – Page 39
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NewsIssa brothers’ Asda swoop ‘not a traditional private equity deal’
Asda’s chief financial officer has said the £6.8bn sale of the retailer is “not a traditional private equity deal” as the billionaire Issa brothers reflect the grocer’s values and long-term strategic aims.
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NewsWalmart completes sale of Asda to Issa brothers for £6.8bn
Walmart has completed the sale of UK grocery chain Asda to global convenience and forecourts retail business co-founders the Issa brothers for £6.8bn.
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NewsClarks pension trustees draft in advisors to secure fresh investment
The pension trustees of shoe specialist Clarks have drafted in advisers in a bid to bring fresh investment into the struggling retailer which has been battered by the effects of the coronavirus.
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NewsKingfisher offloads Russian Castorama chain for £73m
Kingfisher has sold its Castorama division in Russia to domestic chain Maxidom in a £73m deal.
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NewsHotel Chocolat strikes Hut Group deal in US as coronavirus hammers profits
Hotel Chocolat has struck a deal with The Hut Group’s Ingenuity technology arm to bolster its presence in the US after the retailer’s profits were hammered by the coronavirus crisis.
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Retail VoiceHow retailers can craft an international roadmap in these testing times
Building and sustaining a successful cross-border ecommerce strategy for your company is easier than it might first appear.
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NewsPrivate equity firm Lone Star drops out of race to buy Asda
US private equity firm Lone Star has reportedly dropped out of the bidding war to purchase Asda, leaving asset manager Apollo as the leading suitor.
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NewsWalmart TikTok deal in doubt after Trump calls for US ‘total control’
US president Donald Trump has poured cold water on the mooted Oracle and Walmart takeover of TikTok, demanding the US companies have total control over the app.
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AnalysisAnalysis: Three ways Inditex beat the fashion blues to return to profit
Zara owner Inditex swung back into the black during its second quarter, despite the ongoing impact of the coronavirus pandemic.
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AnalysisThe Big Question: What one thing should retailers do to prepare for no-deal Brexit?
As fears rise that a no-deal Brexit is now the most likely outcome of trade talks between the UK and the EU, Retail Week asks experts how retailers should be preparing for such a cliff-edge scenario.
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Retail VoiceFour global marketplaces you haven’t heard of (but need to)
Retailers are facing up to a new reality. With online retail sales still 50% higher than pre-pandemic levels, there are new opportunities for businesses to connect with shoppers on their path to purchase by partnering with global marketplaces.
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NewsTiffany sues LVMH after it pulls out of $16bn takeover
The world’s largest luxury group LVMH is being sued by Tiffany after it said it was pulling out of its agreed $16.6bn takeover of the jeweller.
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NewsBoden profits fall amid major investments in online and fulfillment
Boden reported a drop in profits for 2019, as it invested more in its online offerings and fulfilment capabilities, with a particular focus on the US.
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NewsAlibaba targets 2,600 new international brands for Tmall
Alibaba is aiming to add 2,600 new international brands to its Tmall marketplace by Singles’ Day, as the coronavirus has led to “significant growing demand” in China for imported goods.
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NewsIceland founder wins discount for completing buyback early
Iceland founder Malcolm Walker has negotiated a reduction in the amount he is paying to return the grocer to full family ownership, with the former majority stakeholder agreeing a discount in exchange for early payment.
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NewsForever 21 owner ABG completes £250m Brooks Brothers deal
Authentic Brands Group (ABG) and Simon Property Group have completed their $325m (£249m) acquisition of Brooks Brothers.
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NewsWalmart throws down gauntlet to Amazon with subscription service launch
Walmart has lifted the lid on details of its long-awaited subscription service as it ramps up its fightback against online rival Amazon.
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NewsWalmart and Microsoft join forces on TikTok bid
Walmart has joined forces with Microsoft to launch a multibillion-dollar bid for TikTok’s US business.
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NewsWorld Retail Congress goes digital for 2020
The World Retail Congress, sister brand to Retail Week and Retail Week Live, is launching a virtual Congress that will be streamed live on September 15-17.
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NewsFrasers Group considers mothballing Bob’s Stores chain after Nike severs ties
Frasers Group has launched a strategic review of its Bob’s Stores chain in the US after Nike revealed it will stop supplying product to the business.
