All Mergers & acquisitions articles – Page 19
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Opinion‘If a buyer wants to pounce on Asos, they might prefer to move sooner rather than later’
Asos was back in fashion with the City today as its shares climbed on the back of a trading update, providing welcome encouragement that chief executive José Antonio Ramos Calamonte’s turnaround efforts are working.
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AnalysisStrategy spotlight: How AO is pivoting to profitable growth as Frasers Group snaps up stake
As Frasers Group snaps up a 19% stake in AO, the two retailers are “looking forward to realising the significant potential” of working more closely in partnership.
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AnalysisWhat does Frasers stand to gain from taking a £75m stake in AO World?
Mike Ashley’s sprawling retail empire is known to lead with an aggressive acquisition strategy, but news of Frasers Group buying an 18.9% stake in ecommerce electrical retailer AO.com came as a surprise to many.
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NewsNext mulls £500m sale of Reiss stake
Fashion giant Next is considering the sale of its 51% stake in Reiss in a deal that would value the fashion brand at more than £500m.
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NewsFrasers Group snaps up £75m stake in AO World
Frasers Group has bought a 19% stake in online electricals retailer AO World.
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NewsEG Group refinances following Asda deal
Forecourts giant EG Group has reported “significant strategic progress on deleveraging and refinancing” following the sale of its UK and Ireland division to Asda.
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NewsFrasers Group ups stake in Asos as takeover speculation swirls
Tycoon Mike Ashley’s Frasers Group has increased its stake in fashion pureplay Asos, which has been at the centre of takeover talk.
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NewsAsos head of commercial change quits amid ongoing turmoil
Asos head of commercial change and operations Anthony Benham has quit after 16 years at the online retailer as turmoil at the business continues.
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NewsAuthentic Brands Group adds Hunter to portfolio
US private equity-backed Authentic Brands Group, which owns Reebok and Ted Baker, has completed the acquisition of Wellington boot brand Hunter.
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AnalysisStrategy spotlight: Five ways Frasers Group aims to elevate its proposition
In 2021/22, Frasers Group’s total sales climbed 32.5% to £4.8bn for the 52 weeks to 24 April, 2022, and it recorded pre-tax profits of £335.6m.
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NewsAsda says £2bn EG Group acquisition will create ‘new value-led consumer champion’
Asda has confirmed the acquisition of EG Group’s UK and Ireland operations for £2.27bn and said the move will create a “new value-led consumer champion”.
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NewsAsda to finalise £10bn merger with petrol stations group EG
The owners of Asda and petrol stations giant EG Group are set to finalise a £10bn merger of their operations, according to reports.
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NewsHotter owner eyes sale of footwear retailer
Hotter parent company Unbound Group has launched a strategic review and drafted financial advisers as it is understood to be mulling the sale of the footwear retailer.
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NewseBay to buy authentication company to boost pre-loved fashion business
eBay has signed an agreement to acquire an authentication and digital ID firm to help enhance the marketplace’s pre-loved fashion business.
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AnalysisWhat the Courir acquisition means for JD Sports in the UK and Europe
JD Sports chief executive Régis Schultz called it “the start of a new, distinct chapter” as the sportswear retailer looks to strengthen its brand as a part of its growth strategy in Europe. Retail Week takes a closer look at new acquisition Courir, its history and what the deal could mean for JD Sports in the UK and abroad
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NewsHolland & Barrett acquires fit-tech start-up Avie as it looks to go beyond retail
Holland & Barrett has acquired fit-tech start-up Avie as it looks to “extend its reach beyond retail through the creation of personalised wellness solutions”.
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NewsApollo enlists former Coty and Holland & Barrett bosses to advice on THG buyout
Private equity firm Apollo Global Management has recruited former Coty boss Camillo Pane and former Holland & Barrett chief executive Tony Buffin to advise on a THG buyout.
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NewsCard Factory acquires SA Greetings as it plans expansion into South Africa
Card Factory has acquired the South African greetings cards and gift packaging wholesaler SA Greetings as it looks to expand into overseas markets.
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NewsRemaining M&Co stores to close this spring
Another raft of M&Co stores have closed their doors this month, with the rest set to follow this spring, following confirmation of AK Retail Holdings’ acquisition of the fashion retailer in February this year.
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NewsTHG shares surge off the back of private equity buyout approach
THG shares have surged after the retailer confirmed it received “a highly preliminary and non-binding indicative proposal” for a buyout from private equity firm Apollo Global Management.