All Mergers & acquisitions articles – Page 103
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News
Dia to take over troubled German drugstore chain Schlecker
Dia is taking over the Spanish division of troubled German drugstore chain Schlecker for e70.5m (£55.9m). The deal includes 1,127 outlets in Spain and 41 stores in Portugal, as well as four distribution centres, three in Spain and one in Portugal. Dia will also retain the 4,000 former Schlecker employees.The ...
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NewsDave Whelan and Decathlon still in the frame for JJB Sports stores
JJB Sports founder Dave Whelan and French sports retailer Decathlon remain in the hunt for former JJB stores after its collapse into administration on Monday.
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NewsJJB Sports collapses as Sports Direct acquires 20 shops
UPDATED: JJB Sports has collapsed into administration, with arch-rival Sports Direct acquiring 20 stores.
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News
Walgreens to close 76 USA Drug-affiliated stores
Walgreens is to close its 76 USA Drug-affiliated stores by November as part of its acquisition of LaFrance Pharmacy.The closures will be in Tennessee, Mississippi and Arkansas. The programme comes after Walgreens announced the $438m (£269.9m) LaFrance acquisition in July.Walgreens spokesman Jim Graham said: “Our decisions about store closures are ...
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NewsSports Direct closes in on JJB Sports deal despite Adidas obstacle
Unwanted JJB Sports stores are likely to face rapid closure if, as expected, likely buyer Sports Direct snaps up the retailer’s prime stores and stock.
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NewsJJB Sports to appoint administrator but sale expected in "next few days"
JJB Sports intends to appoint KPMG as adminstrator and a pre-pack deal is expected in the “next few days”.
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OpinionComment: Hamleys deal opens the door to overseas growth
This week’s acquisition of Hamleys, which famously describes itself as the “finest toy shop in the world”, paves the way for the retailer to test that claim on a truly global scale.
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AnalysisInternational analysis: Best Buy aims to stabilise as clock ticks on buyout
US consumer electronics specialist Best Buy has reached an agreement to satisfy recent requests from founder Richard Schulze in connection with his offer to take the retailer private.
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OpinionComment: Uphill slog to get Blacks in shape
The 80% plunge in first-half profits at JD Sports, mainly attributable to recently acquired outdoor specialist Blacks, looks pretty awful at face value.
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NewsGordon Brothers buys Dublin department store Clerys out of receivership
Restructuring firm Gordon Brothers has acquired Dublin department store Clerys out of receivership.
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NewsHamleys acquired by French toys giant Ludendo
Hamleys has been bought by French toys giant Groupe Ludendo.
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InterviewQ&A: Alliance Boots executive chairman Stefano Pessina
As health and beauty retailer and wholesaler Alliance Boots acquires a 12% stake in chinese chain Nanjing Pharmaceutical, Retail Week speaks to the group’s chairman Stefano Pessina about his plans for the business and what’s next in his quest for global domination.
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NewsJJB quarter-day rent fears quashed
Suggestions that JJB adviser KPMG is in a race against time to complete a sale of the troubled retailer before rent quarter day have been dismissed.
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NewsJon Moulton pulls out of race to buy JJB Sports
Venture capitalist Jon Moulton has pulled out of the running to buy ailing sportswear retailer JJB Sports.
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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.