Latest Posts Under: Retail Industry News

L Brands in talks to sell Victoria’s Secret to Sycamore Partners

Ohio-based fashion retailer L Brands is in the process of divesting its Victoria’s Secret lingerie brand to private equity company Sycamore Partners, reported CNBC. L Brands has been looking to sell the lingerie retailer after its sales dropped apart from having competition from online retail companies. Currently, in the negotiation stage, the talks pertaining to […]

Uzbek food retail chain Korzinka secures $40m investment from EBRD

The European Bank for Reconstruction and Development (EBRD) is making an investment in Uzbek food retail chain Korzinka by acquiring a minority stake in its parent company Anglesey Food for $40 million. Anglesey Food is owned by Anglesey Investments, a Singapore-incorporated company. The Korzinka retail network comprising 50 ‘korzinka.uz’ and ‘korzinka.uz DISKONT’-branded stores in Uzbekistan. […]

OPPO expands into Levant market with new office in Amman, Jordan

Chinese smartphone manufacturer OPPO is expanding its footprint in the Middle East by entering the Levant market with a new office in Amman, Jordan. The new OPPO market development office in Amman will manage the consumer electronics manufacturer’s Levant operations. It will also serve as a sales and marketing center as well as offering maintenance […]

Consumer products giant Colgate to acquire Hello oral care brand

Colgate acquisition of Hello Oral Care : Consumer products company Colgate-Palmolive (Colgate) has agreed to acquire US oral care brands manufacturer Hello Products from Tenth Avenue Holdings for an undisclosed price. The products of Hello Oral Care brand are adult and kids toothpaste, mouthwashes, toothbrushes and floss, which are sold only in the US, mainly […]

ICAP and Charter Realty & Development acquire Baederwood Shoppes

Inland Institutional Capital (ICAP) and Charter Realty & Development have acquired a 116,778-square foot grocery-anchored shopping center called Baederwood Shoppes in Jenkintown, Pennsylvania, for a sum of $43.3 million. The acquisition was done by the joint venture of an institutional co-mingled fund sponsored by ICAP, a real estate portfolio investment and asset management services provider, […]

PayPal signs $4bn deal to buy shopping and rewards platform Honey Science

PayPal acquisition of Honey Science : PayPal has signed a deal worth around $4 billion to acquire Honey Science, Los Angeles-based technology firm, which has developed a shopping and rewards technology platform. Honey Science operates as a web browser add-on and also as a mobile app serving about 17 million customers with discount codes and […]

Retail tech startup Accel Robotics raises $30m from SoftBank and others

California-based Accel Robotics, a retail tech startup which uses artificial intelligence (AI) and computer vision to provide checkout-free experience, has raised $30 million in a Series A funding round led by SoftBank Group. Founded in 2015, Accel Robotics enables customers to grab products they need and go. As the products are automatically tallied when they […]

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