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.
Grocery giant Sainsbury’s has revamped its same-day delivery and click-and-collect service to tap into growing customer demand for super-fast delivery.
Pret a Manger will open more than 200 new stores across the UK and turbocharge its international expansion over the next two years following a £100m investment from owner JAB and founder Sinclair Beecham.
The government has struck a deal with a US firm that supplies 60% of the UK’s food-grade carbon dioxide to restart production after being warned of imminent food shortages.
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.
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