All Mergers & acquisitions articles – Page 26
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NewsFortress increases bid for Morrisons to £6.7bn
The consortium led by US private equity firm Fortress has increased its offer for Morrisons in a bid to fend off rival suitors.
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NewsAsda boss Roger Burnley steps down with immediate effect
Asda boss Roger Burnley has left the grocer with immediate effect, months before he had initially been due to step down – and with no successor in place.
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NewsThe Hut Group snaps up Cult Beauty in £275m deal
The Hut Group has acquired online beauty marketplace Cult Beauty for £275m and raised its full-year sales outlook as a result.
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NewsSweaty Betty acquired by US firm Wolverine in $410m deal
Sweaty Betty has been purchased by US footwear manufacturer Wolverine Worldwide and will join the company’s portfolio of footwear and lifestyle brands, including Hush Puppies and Keds.
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NewsMorrisons suitor CD&R poised to kick off bidding war
Morrisons is bracing itself for a counter takeover offer this week as shareholder opposition mounts against Fortress’ £6.3bn bid.
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NewsFortress expects CMA to clear Morrisons takeover bid
The private equity consortium led by Fortress has said that it does not expect the CMA to oppose its proposed bid for Morrisons following growing opposition from shareholders.
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NewsBloom & Wild snaps up French rival in European expansion drive
Bloom & Wild has acquired French rival Bergamotte for an undisclosed sum, marking its second European acquisition in four months.
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NewsSingaporean sovereign wealth fund joins Fortress Morrisons consortium
Singaporean sovereign wealth fund GIC has joined the consortium bid led by Fortress for supermarket giant Morrisons.
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NewsMorrisons’ largest shareholder hits out at Fortress takeover bid
Morrisons’ largest shareholder Silchester International has refused to give its backing to a £6.3bn takeover by US private equity firm Fortress.
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NewsSephora acquires online beauty retailer Feelunique as ‘first step’ into UK
Sephora has acquired online beauty company Feelunique, which chief executive Martin Brok hailed as the “first step for Sephora’s presence” in the UK.
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NewsMorrisons frontrunner Fortress hints at business review plan
Private equity firm Fortress has hinted that it would launch a wide-ranging review of the Morrisons business if it succeeds in its proposed £6.3bn takeover of the grocer.
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NewsPrivate equity battle for Morrisons set to intensify as CD&R mulls offer
The battle between private equity firms to take over grocery giant Morrisons is set to intensify, with reports that Clayton, Dubilier & Rice is working on another bid.
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NewsBoohoo partners with Alshaya to grow Debenhams in the Middle East
Boohoo has made a move into bricks-and-mortar stores after signing an exclusive deal with Middle Eastern operator Alshaya group.
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AnalysisAnalysis: How Asos and Nordstrom will make Topshop’s American dream a reality
Asos has announced a joint venture with US department store chain Nordstrom, marking its first foray into bricks-and-mortar. Retail Week speaks with boss Nick Beighton about why he thinks Nordstrom is the right partner for its new brands.
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NewsMorrisons reassures anxious farmers over Fortress takeover
Morrisons has written to farmers to insist that its prospective new owners will protect the grocer’s character and relationship with suppliers.
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NewsMorrisons: Government seeks assurances over Fortress takeover bid
Ministers will push for a crunch meeting with Morrisons’ senior leadership to seek assurances over its potential acquisition by US private equity firm Fortress.
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AnalysisAnalysis: Would Majestic owners Fortress be a good fit for Morrisons?
Since Fortress’s £6.3bn offer for Morrisons was recommended to shareholders on Saturday, the private investment giant has become the favourite to take over the grocer. Retail Week looks at what kind of owner Fortress would likely be.
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NewsOcado pens deal with Spanish grocer as sales soar
Ocado has announced a partnership with Spanish grocer Alcampo to develop its online business.
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Opinion‘Acquisitive brands are betting big and betting early on emerging trends’
The pace of change in retail has never been greater, driven by the twin factors of rapidly evolving consumer behaviour and technological developments.
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NewsMorrisons braces for bidding war after accepting £6.3bn takeover
Rival private equity firms are reportedly considering tabling rival bids for UK grocer Morrisons after it accepted a £6.3bn takeover yesterday.