Latest Posts Under: Retail acquisition news

Costco acquires logistics solutions provider Innovel Solutions for $1bn

Costco acquisition of Innovel Solutions : US warehouse clubs chain Costco Wholesale Corporation has acquired Innovel Solutions, a provider of third-party end-to-end logistics solutions for $1 billion from Transform Holdco (TFCO), the operator of the Sears and Kmart stores. For several years, Innovel Solutions has provided US department store chain Sears and, more recently, third […]

Amethis takes minority stake in Kenyan supermarket chain Naivas

Amethis, an Africa-focused investment fund manager, and its partners have bought a minority stake in Kenyan supermarket chain Naivas Group. The other investors joining the France-based Amethis in the acquisition were DEG, MCB Equity Fund and World Bank Group member IFC. The financial details of the transaction were not disclosed. Founded in 1990 by the […]

US Foods to acquire Smart Foodservice Warehouse Stores for $970m

US Foods acquisition of Smart Foodservice : US Foods has agreed to acquire Smart Foodservice Warehouse Stores, an Oregon-based warehouse grocery store chain from funds managed by affiliates of Apollo Global Management for $970 million in an all-cash deal as per the latest retail acquisition news. The US foodservice distributor believes that the acquisition will […]

L Brands to sell 55% stake in Victoria’s Secret to Sycamore Partners for $525m

US fashion retailer L Brands has agreed to sell 55% stake in Victoria’s Secret Lingerie to private equity firm Sycamore Partners for about $525 million. As per the terms of the deal, Victoria’s Secret, which has been valued at $1.1 billion, will be separated from the fashion retailer into a privately-held company under the majority […]

Steinhoff to sell UK furniture retailing business to Alteri Investors

European retail sector investor Alteri Investors has agreed to acquire Blue Group, the UK furniture retailing business of South African retail company Steinhoff International, as per the latest retail acquisition news. Blue Group is the owner of Bensons for Beds, Harveys Furniture and upholstery and bedding manufacturers Relyon, Steinhoff UK Beds and Formation Furniture. Louis […]

Shopify to acquire US warehouse automation company 6 River Systems

Shopify acquisition of 6 River Systems : Canadian e-commerce company Shopify has agreed to acquire outstanding securities of US warehouse automation company 6 River Systems in a transaction valued at approximately US$450 million. The acquisition of 6 River Systems will add cloud-based software and collaborative mobile robots Chuck to the recently introduced Shopify Fulfillment Network. […]

Party City to divest Canadian business to Canadian Tire for $131m

Canadian Tire Corporation (CTC) has signed an agreement with Party City, a US-based retail chain of party stores, to purchase the latter’s Canadian business for C$174.4 million ($131 million). The acquisition will help Canadian Tire become Canada’s leading party supply and celebration destination. Party City with 65 Canadian retail stores in seven provinces is a […]

Casino Group to sell Indian Ocean retailer Vindemia to GBH for €219m

French retailer Casino Group has agreed to offload its subsidiary Vindemia, a major retailer in the Indian Ocean territories – Reunion Island, Mayotte, Madagascar, and Mauritius, to GBH for €219 million as per the latest retail industry news. Vindemia was established in Reunion Island in 1972. It was acquired gradually by Casino Group between 2001 […]

Jackson Mitchell acquires supermarket chain Little Giant Farmer’s Market

Retail acquisition news : Jackson Mitchell Holdings, the parent company of Mitchell Grocery, has acquired supermarket chain Little Giant Farmers Market, which operates five grocery stores in Georgia, for an undisclosed price. Little Giant Farmer’s Market will be a 100% owned subsidiary of Jackson Mitchell. Its stores are located in Riverdale, Jonesboro, Newnan, and Decatur. […]

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