All Mergers & acquisitions articles – Page 22
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News
Private equity firm Lone Star drops out of race to buy Asda
US private equity firm Lone Star has reportedly dropped out of the bidding war to purchase Asda, leaving asset manager Apollo as the leading suitor.
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News
Walmart TikTok deal in doubt after Trump calls for US ‘total control’
US president Donald Trump has poured cold water on the mooted Oracle and Walmart takeover of TikTok, demanding the US companies have total control over the app.
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News
Waitrose to close three stores and sell one to Tesco
Waitrose is set to close three stores and sell another to Tesco after struggling to make the sites profitable in the long term.
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News
Next seals deal for Victoria’s Secret UK business
Next has reportedly sealed a deal to snap up a majority stake in Victoria’s Secret’s struggling UK business.
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Analysis
Analysis: Does a new golden age beckon for UK grocers following pandemic?
Morrisons boss David Potts described the first half of the year as the “renaissance of the British supermarket”. Retail Week analyses whether the stats back up his assertion and what it means for the wider grocery market
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News
Philip Day considers sale of Jaeger and Austin Reed
Edinburgh Woolen Mill boss and retail mogul Philip Day has brought in advisers to assess the sale of a number of his brands, after receiving unsolicited offers.
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News
Tiffany sues LVMH after it pulls out of $16bn takeover
The world’s largest luxury group LVMH is being sued by Tiffany after it said it was pulling out of its agreed $16.6bn takeover of the jeweller.
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News
Iceland founder wins discount for completing buyback early
Iceland founder Malcolm Walker has negotiated a reduction in the amount he is paying to return the grocer to full family ownership, with the former majority stakeholder agreeing a discount in exchange for early payment.
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News
Forever 21 owner ABG completes £250m Brooks Brothers deal
Authentic Brands Group (ABG) and Simon Property Group have completed their $325m (£249m) acquisition of Brooks Brothers.
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News
M&S and Ocado joint venture goes live
The joint venture between Marks & Spencer and Ocado has gone live, with the two retailers pledging to expand capacity by 40% by the end of next year.
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Opinion
‘Walmart’s TikTok interest is $30bn worth of evidence that retail has changed forever’
If ever something deserved an exclamation mark, it was the news that retail powerhouse Walmart hopes to snap up video-sharing social media network TikTok in a deal worth as much as $30bn.
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News
Walmart and Microsoft join forces on TikTok bid
Walmart has joined forces with Microsoft to launch a multibillion-dollar bid for TikTok’s US business.
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News
Frasers Group rescues DW Sports from administration in £37m deal
Frasers Group has rescued Dave Whelan’s DW Sports from administration in a £37m deal.
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News
Mike Ashley’s Frasers Group bids for DW Sports
Mike Ashley has reportedly launched a bid for former rival Dave Whelan’s collapsed sports chain DW Sports.
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Opinion
‘JD-Footasylum case shows how retail mergers have just got tougher’
The Competition and Markets Authority (CMA) last week slapped JD Sports and its largest shareholder with a £300,000 fine for allegedly breaking an order from the watchdog over its acquisition of Footasylum.
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News
CMA finally approves Amazon’s Deliveroo investment after 15-month investigation
The Competition and Markets Authority (CMA) has formally approved Amazon’s 16% investment in UK delivery app Deliveroo after a 15-month investigation.
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Analysis
Borrowed time: Is retail hurtling towards a credit crunch?
When the government shut all non-essential retail stores in March many businesses were forced to increase borrowing to simply stay afloat. But are these levels of debt unsustainable? Retail Week looks at whether retail is facing a ticking liquidity time bomb.
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News
Ebay sells Gumtree to Norwegian rival Adevinta in $9bn deal
Ebay has sold its online classifieds business, which includes its Gumtree platform in the UK, in a $9bn (£7.1bn) deal as it ramps up focus on its core marketplace proposition.
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Opinion
‘Walmart’s Asda Price must be right to secure private equity backing’
On, then off. On, then off. And now back on again. Walmart has resumed efforts to sell off a majority stake in Asda – and hopes it will prove to be third time lucky.
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News
Rivals lambast CMA’s provisional findings on Deliveroo–Amazon tie-up
A number of food retailers and other rivals have criticised the Competition and Markets Authority’s provisional clearance of Amazon’s proposed investment in Deliveroo.