All Mergers & acquisitions articles – Page 97
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OpinionComment: The UK still offers investment opportunities
The UK and its retail industry still tick the boxes for investment opportunities.
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NewsTesco plots online party food launch using its ‘dark’ stores
Tesco is planning a launch into the party food market with a new online delivery service as it takes on competitors such as Marks & Spencer, Sainsbury’s and Waitrose for a slice of the lucrative business.
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NewsTesco acquires ebook provider Mobcast founded by Andy McNab
Tesco has acquired ebook platform provider Mobcast for £4.5m as the grocers’ march on the digital entertainment market continues.
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NewsJJB suitors circle as Bill Gates faces £20m loss
JJB shareholder Bill Gates is facing a £20m loss after the struggling sportswear retailer warned investors its shares could be worthless.
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NewsJJB founder Whelan signals interest in up-for-sale retailer
JJB Sports founder Dave Whelan could step in to take over some of the retailer’s stores.
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OpinionComment: Global appeal will be driver of deals
Uncertainty over the economy and increased pressure on consumer spending is dampening M&A activity globally.
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NewsCity positive over potential CVC bid for M&S
Shore Capital analyst Clive Black has welcomed speculation in the media and the City that private equity firm CVC could bid for Marks & Spencer.
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AnalysisAnalysis: Asda takes on Tesco in battle for spend
Asda’s chief executive is getting ready to fight off a revived Tesco.
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News
Sainsbury's inks deal with digital video service
Sainsbury’s has signed a deal with Rovi Corporation to provide a new digital video service for its microsite Sainsbury’s Entertainment.
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AnalysisRetail Week on the Road: Ireland
This week’s final instalment of our On the Road series visits Cork, where food specialist Musgrave is in expansion mode, before heading to Tallaght to visit department store chain Heatons, and Dublin’s upscale department stores Arnotts and Brown Thomas.
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OpinionComment: A decade of change and more to come
Our firm’s recent 10th anniversary has caused us to reflect on what has happened in the retail sector over the past decade – an extraordinary period of change and corporate activity – and to wonder what might happen in the next 10 years.
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NewsBest Buy appoints chief executive as takeover talks stall
US electricals retailer Best Buy has appointed turnaround specialist Hubert Joly as its new chief executive.
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NewsPotential Allders bidders wary on property fears
Allders administrator Duff & Phelps is struggling to sell the iconic department store because of doubts over the property.
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Pet etailer MedicAnimal acquires grooming site
Online pet food retailer MedicAnimal has acquired pet grooming site Petmeds.co.uk.
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NewsCarlyle Group lines up £50m deal for Graze
American private equity firm Carlyle Group is understood to have registered interest in taking a stake in mail order food company Graze.
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AnalysisAnalysis: Co-op’s battle continues as new era dawns
With its boss stepping down amid challenging market conditions and falling sales, can the Co-op reverse its decline and continue to compete against the big four?
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News
Richard Schulze in bid to purchase Best Buy
Best Buy founder Richard Schulze is vying to buy the electronics giant in a $9bn (£5.8bn) deal.Schulze, who was ousted as chairman in June, already owns 20% of the retailer and is looking to team up with private equity firms to buy the remainder.Schulze’s financial adviser Credit Suisse said it ...
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News
Lowe’s aims to acquire Canadian competitor
Home improvement retailer Lowe’s aims to acquire Canadian competitor Rona for C$1.8bn (£1.15bn).Rona has already publicly rejected the offer stating that “it is not in the best interest of the company and its stakeholders” and that it would prefer to remain focused on executing its business plan.Rona is implementing its ...
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NewsCo-op refinancing may lead to acquisition
The Co-operative Food could acquire a smaller operator after the retailer secured a refinancing of almost £1bn this week.
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News
Media-Saturn acquires electronics etailer 003.ru
Germany-based Media-Saturn, part of the Metro Group, has acquired Russian electronics etailer 003.ru from founder Vladislav Oulendeev, subject to approval by anti-trust authorities.Media-Saturn chief executive Horst Norberg said: “Our objective is to position our new subsidiary in Russia as an inexpensive online retailer, similar to Redcoon in Western Europe.”