All Mergers & acquisitions articles – Page 95
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News
Otto Group acquires Neckermann.de. brand name
Otto Group has acquired the brand name and private labels of insolvent pure-play retailer Neckermann.de.The purchase includes the right to use the Neckermann trademarks, logos and internet domains in Germany. Otto Group also has the right to use Neckermann’s mailing list in Germany, although that is still subject to certain ...
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NewsOpCapita finally says “sorry” as 5,000 Comet employees face redundancy
Former Comet owner OpCapita has finally spoken out as 5,000 staff are set to be made redundant by Christmas.
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News
Electronics specialist Darty to sell Italian business
French electronics specialist Darty is to sell its Italian business to DPS Group, while retaining a 15% stake.Darty will pay the electrical goods and services provider E3m (£2.4m) as part of the deal to offload its 20 stores. The transition will cost Darty about E11m (£8.9m). In its last fiscal ...
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NewsClive Coombes sets out rescue vision for Comet
Property tycoon Clive Coombes has set out his vision to rebuild Comet if he pulls off a last-gasp deal to save the electricals retailer.
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AnalysisProfile: John Roberts, chief executive, DRL
The chief executive of DRL has set his sights on rescuing the Comet brand to expand his electricals group. Gemma Goldfingle reports
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AnalysisAnalysis: Is Clive Coombes really Comet's white knight?
It emerged today that property tycoon Clive Coombes could save up to 180 Comet stores from closure if his bid is accepted by administrator Deloitte. Retail Week takes a look at the implications.
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AnalysisIn focus: House of Fraser
As sportswear tycoon Mike Ashley looks to take a stake in House of Fraser, Retail Week takes a closer look at the department store.
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AnalysisComet: The state of play
Almost a month after Comet’s collapse into administration, Retail Week takes a look at the state of play at the beleaguered retailer.
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NewsDreams founder teams up with Lord Harris to line up bid
Dreams founder Mike Clare is lining up a takeover of the bed specialist with a consortium including Carpetright chairman Lord Harris.
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GalleryStore gallery: USC revamps its house of brands
A makeover of USC’s Buchanan Street store may have been cost-conscious but it shows off a big selection of brands.
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NewsMore job losses at Comet as home delivery axed
Nearly 500 jobs are set to be axed at Comet next week as administrators are poised to terminate the group’s home delivery operation.
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AnalysisAnalysis: Retailers race to grab Comet's market share
Electricals rivals are squaring up to grab share of Comet’s sales in the wake of its demise, but can they avoid a similar fate?
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OpinionComment: Why is Comet the latest retail casualty?
So, another leading high street name has collapsed. The administrators have indicated that they will continue to trade the business as they look for buyers.
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News
Carrefour to sell Malaysian operations to Aeon
Carrefour is selling its operations in Malaysia to Japanese retailer Aeon for E250m (£200.8m).Carrefour is the fourth-largest retailer in the country, with 26 hypermarkets and a turnover of E400m (£321.3m) for the year to June 30.According to Carrefour, the disposal reflects its strategy of “allocating resources to mature countries where ...
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NewsComet management confirms plan to enter administration next week
Comet’s management has confirmed to staff this morning that it plans to enter administration next week.
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News
Amazon in acquisition talks with bookseller Saraiva
Amazon is in acquisition talks with Brazilian bookseller Saraiva, according to sources.Saraiva is based in São Paulo and sells through stores and online. It is thought Amazon could leverage the deal to establish itself in the fast-growing Brazilian ecommerce market.Amazon declined to comment.
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AnalysisAnalysis: Why Asos would be a good acquisition for Amazon
The news Amazon has considered acquiring Asos was questioned by analysts today given the US etail giant could have made the move long before the fashion etailer grew to be valued at nearly £2bn. Retail Week takes a look at why Asos could still make a good buy for Amazon.
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NewsOpCapita considers Comet sale
Private equity firm OpCapita is considering a sale of electricals retailer Comet less than a year after purchasing it for £2.
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News
Migros Zürich to takeover German grocer Tegut
Migros Zürich, a co-operative of Swiss retailer Migros, is to complete a takeover of German grocer Tegut by January 2013.Tegut operates about 290 outlets in Germany. In 2011 it generated sales of e1.17bn (£944m). Migros Zürich said the takeover will strengthen its business.