By Planet Retail2011-03-11T00:00:00+00:00
Hypermarket chain Lenta has reportedly edged closer to a bid to buy out its rivals, US private equity firms TPG and bank VTB, which operate under the name Luna.
Lenta is looking to pay some RUB22.5bn (£490m) for their 30.8% stake in its operations.
The Walmart board convened last week to decide on its preferred bidder in the Asda takeover deal.
Aldi has pledged to invest £1.3bn into upgraded stores and distribution centres over the next two years after it saw record sales figures last year.
Tesco and Morrisons have reinstated rationing of essential products amid fears that customers are starting to stockpile again.
With both Tesco and Superdry pulling out of international ventures on the same day, Retail Week asks whether UK retail is scaling back its global ambitions.
The coronavirus crisis will wipe $2.1trn (£1.7trn) off of global retail sales in 2020, new data has predicted.
The coronavirus outbreak has sparked fears and headlines worldwide since emerging in the Chinese city of Wuhan at the start of the year.
Site powered by Webvision Cloud