All Mergers & acquisitions articles – Page 34
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NewsGrocers urge CMA to block Amazon-Deliveroo deal
Retailers are ratcheting up the pressure on competition authorities to block Amazon’s investment in Deliveroo, just days before a final verdict on the deal is due.
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NewsJobs saved as ‘substantial’ part of Oddbins bought out of administration
More than half of off licence chain Oddbins stores will remain open after the retailer was bought out of administration by an unknown bidder.
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NewsBoohoo snaps up remaining stake in PrettyLittleThing
Boohoo has acquired the minority 34% stake to wholly own PrettyLittleThing shortly after mounting a defence of its ownership of the brand against a short-seller attack.
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NewsScS ‘well positioned’ to navigate coronavirus as it reopens stores
ScS has said it is “well positioned” to survive the ongoing coronavirus crisis after it reopened 80 stores and its distribution network for deliveries in England.
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NewsMoss Bros and Crew Clothing owner wrangle over deal
Men’s fashion specialist Moss Bros and former suitor Brigadier Acquisition Company are both seeking to defend their positions over their deal-gone-sour.
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NewsMajestic Wine expands tie-up with Deliveroo
Majestic Wine has announced an expansion of its partnership with Deliveroo, both in terms of delivery locations as well as range.
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NewsBoohoo eyes further acquisitions as it completes £200m fundraise
Pureplay fashion retailer Boohoo has successfully raised close to £200m in less than 24 hours as it eyes already struggling high street brands stricken further by the coronavirus.
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NewsMoss Bros U-turns to resume online trading
Moss Bros is reopening its ecommerce arm with a “reduced workforce” from tomorrow, following recent government guidance about returning to work.
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NewsJD Sports and Sports Direct square up for Office takeover
Retail rivals JD Sports’ Peter Cowgill and Sports Direct’s Mike Ashley are among the prospective bidders for footwear chain Office.
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VideoFace time: JD Sports boss Cowgill slams CMA’s ‘reckless’ Footasylum ruling
JD Sports’ executive chair Peter Cowgill speaks to Retail Week about the CMA’s ‘pre-judged’ decision to block its acquisition of Footasylum, despite the operational challenges faced by all retailers as a result of the coronavirus pandemic.
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NewsHalfords expects full-year profits at top end of range
Halfords has said it expects full-year profits for this financial year to come in at the top end of the expected range, while noting a downturn in overall group sales for the current trading period.
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NewsCMA blocks JD Sports-Footasylum merger despite coronavirus uncertainty
Following a phase two investigation, the CMA found the merger would “lead to a substantial lessening of competition nationally” in the footwear sector and would leave customers with “fewer discounts or receiving lower quality customer service”.
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NewsHammerson’s £400m retail park deal in doubt as buyer tries to pull out
Institutional landlord Hammerson has said the previously agreed £400m sale of its retail park portfolio is hanging by a thread, as the prospective buyer is looking to pull out of the deal.
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NewsCMA holds firm on JD Sports-Footasylum acquisition despite coronavirus crisis
The Competition and Markets Authority (CMA) is set to maintain its stance on JD Sports’ acquisition of Footasylum despite the damaging impact coronavirus has had on the latter’s finances.
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NewsLaura Ashley brand rescued by Gordon Brothers
Restructuring and investment firm Gordon Brothers has bought the Laura Ashley brand and its intellectual property from administrators PwC.
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NewsMoss Bros buyer attempts to retract offer amid coronavirus disruption
Crew Clothing owner Brigadier Acquisition Company is aiming to have its offer the acquire Moss Bros in a £22.6m deal lapse.
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OpinionOpinion: Amazon-Deliveroo CMA verdict must spark more collaboration
It was a judgement that should have been reached a long time ago, but one that, given its timing, could carry far greater significance for retail.
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NewsIkea acquires AR start-up to supercharge lockdown shopping experience
Ikea has acquired augmented reality (AR) start-up Geomagical Labs in a bid to drive shoppers to purchase more big-ticket items without needing to visit a store.
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NewsCath Kidston to shut UK stores in pre-pack deal
Fashion retailer Cath Kidston’s 60 UK stores are likely to be closed and the business will focus on trading online and wholesale.
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NewsHalfords transfers 11 Cycle Republic stores to Pure Electric
Halfords has agreed to transfer the ownership of half of Cycle Republic stores to specialist retailer Pure Electric, saving 85 jobs.