All Mergers & acquisitions articles – Page 96
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NewsUpdated: Abel & Cole acquired by Aunt Bessie's Yorkshire puddings owner
Organic vegetable box company Abel & Cole has been sold to William Jackson, the maker of Aunt Bessie’s Yorkshire puddings.
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News
PPR to sell Fnac book and electronics chain
Luxury group PPR plans to sell its Fnac book and electronics chain as well as La Redoute, according to the Journal du Dimanche.The retailer is forging ahead with plans to divest both retail divisions in order to focus on its core luxury goods business.
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AnalysisOverseas investors: What do retailers need to know?
Sainsbury’s is believed to be the latest retailer attracting overseas investment attention in what has been a busy year for international deals.
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OpinionComment: Competition in sports retail
Mike Ashley’s Sports Direct was the market leader in its category last week and remains so this week following the drawn-out demise of JJB Sports.
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News
Woolworths sells its Dick Smith electronics chain
Woolworths has sold its Dick Smith electronics chain in Australia and its Indian wholesale venture for a combined AU$55m (£35.4m).Private equity firm Anchorage Capital Partners was the winning bidder, paying an initial AU$20m (£12.9m).Additionally, Woolworths will sell Woolworths Wholesale to Infiniti Retail – part of India’s Tata Group – for ...
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AnalysisAnalysis: Exploring the challenges of retail acquisitions
Over the past year a number of acquisitions have been made by retailers. Liz Morrell explores the challenges of the deals and subsequent integration.
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News
Dia to take over troubled German drugstore chain Schlecker
Dia is taking over the Spanish division of troubled German drugstore chain Schlecker for e70.5m (£55.9m). The deal includes 1,127 outlets in Spain and 41 stores in Portugal, as well as four distribution centres, three in Spain and one in Portugal. Dia will also retain the 4,000 former Schlecker employees.The ...
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NewsDave Whelan and Decathlon still in the frame for JJB Sports stores
JJB Sports founder Dave Whelan and French sports retailer Decathlon remain in the hunt for former JJB stores after its collapse into administration on Monday.
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NewsJJB Sports collapses as Sports Direct acquires 20 shops
UPDATED: JJB Sports has collapsed into administration, with arch-rival Sports Direct acquiring 20 stores.
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Walgreens to close 76 USA Drug-affiliated stores
Walgreens is to close its 76 USA Drug-affiliated stores by November as part of its acquisition of LaFrance Pharmacy.The closures will be in Tennessee, Mississippi and Arkansas. The programme comes after Walgreens announced the $438m (£269.9m) LaFrance acquisition in July.Walgreens spokesman Jim Graham said: “Our decisions about store closures are ...
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NewsSports Direct closes in on JJB Sports deal despite Adidas obstacle
Unwanted JJB Sports stores are likely to face rapid closure if, as expected, likely buyer Sports Direct snaps up the retailer’s prime stores and stock.
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NewsJJB Sports to appoint administrator but sale expected in "next few days"
JJB Sports intends to appoint KPMG as adminstrator and a pre-pack deal is expected in the “next few days”.
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OpinionComment: Hamleys deal opens the door to overseas growth
This week’s acquisition of Hamleys, which famously describes itself as the “finest toy shop in the world”, paves the way for the retailer to test that claim on a truly global scale.
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AnalysisInternational analysis: Best Buy aims to stabilise as clock ticks on buyout
US consumer electronics specialist Best Buy has reached an agreement to satisfy recent requests from founder Richard Schulze in connection with his offer to take the retailer private.
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OpinionComment: Uphill slog to get Blacks in shape
The 80% plunge in first-half profits at JD Sports, mainly attributable to recently acquired outdoor specialist Blacks, looks pretty awful at face value.
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NewsGordon Brothers buys Dublin department store Clerys out of receivership
Restructuring firm Gordon Brothers has acquired Dublin department store Clerys out of receivership.
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NewsHamleys acquired by French toys giant Ludendo
Hamleys has been bought by French toys giant Groupe Ludendo.
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InterviewQ&A: Alliance Boots executive chairman Stefano Pessina
As health and beauty retailer and wholesaler Alliance Boots acquires a 12% stake in chinese chain Nanjing Pharmaceutical, Retail Week speaks to the group’s chairman Stefano Pessina about his plans for the business and what’s next in his quest for global domination.
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NewsJJB quarter-day rent fears quashed
Suggestions that JJB adviser KPMG is in a race against time to complete a sale of the troubled retailer before rent quarter day have been dismissed.
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NewsJon Moulton pulls out of race to buy JJB Sports
Venture capitalist Jon Moulton has pulled out of the running to buy ailing sportswear retailer JJB Sports.