All Mergers & acquisitions articles – Page 51
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AnalysisBooker gives Tesco tasty foodservice opportunity
While much of the focus on Tesco’s merger with wholesaler Booker has centred on retail competition issues, catering supply is one of the central motivators of the tie-up.
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OpinionTesco and Co-op deals signal food retail shake-up
Two-thirds of us regularly or occasionally visit a supermarket more than once a day. It’s a trend especially evident among the young: 18- to 24-year-olds are twice as likely to regularly visit a supermarket twice a day than the over-55s.
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InterviewRetail Week Live: John Rogers on how to beat Amazon
Sainsbury’s pulled off the biggest retail acquisition of the year in 2016 when it snapped up Argos owner Home Retail Group in a £1.4bn deal.
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News
Tesco-Booker deal wins CMA approval following probe
Tesco’s proposed merger with wholesale supplier Booker has edged closer as the £3.7bn deal was provisionally cleared by the Competition and Markets Authority.
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OpinionOpinion: As M&A activity slows, don’t forget the float
Despite the rush for retail consolidation sparked by Tesco’s move for wholesale titan Booker, 2017 has been a relatively slow year for mergers and acquisitions.
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NewsNisa members give green light to £137.5m Co-op deal
Nisa members have voted in favour of the Co-op’s £137.5m takeover bid following a crunch ballot today.
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NewsGo Outdoors profits and sales rise as it eyes expansion
Go Outdoors, which was acquired by JD Sports this year, posted a healthy boost in full-year sales bolstered by new stores.
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NewsHobbs bought by Phase Eight and Whistles owner Foschini
Phase Eight and Whistles owner The Foschini Group (TFG) has acquired upmarket womenswear retailer Hobbs for an undisclosed sum.
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NewsNisa rebels aim to block Co-op’s takeover
A group of Nisa shopkeepers hope to block the Co-op’s £143m takeover of the convenience retailer.
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NewsBrightHouse bondholders close in on takeover deal
A consortium of BrightHouse’s bondholders is reportedly working towards a debt-for-equity deal for the struggling business.
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NewsPlanet Organic hires advisers to consider sale
Planet Organic’s owners are considering a sale of the healthy eating specialist.
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NewsWaterstones’ owner Mamut considers £250m sale
Waterstones may be sold by its Russian owner, who has drafted in advisers to explore options.
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NewsSports Direct gears up for cycling store roll out
Sports Direct has snapped up triathlon specialist brand Tri UK and plans to roll out six new stores next year, including a Nottingham flagship.
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NewsWiggleCRC boosts European presence with Bike24 deal
WiggleCRC has snapped up German cycling etailer Bike24 to ramp up its European reach in a reported £100m acquisition.
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NewsTesco target Booker’s profits surge as sales rise
Tesco’s intended acquisition Booker has reported a jump in profits in its first half, although its sales rise was dampened by plummeting demand for tobacco.
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NewsToday in retail: Co-op closes in on Nisa deal
The Co-op’s swoop for Nisa took a giant step forward today when the symbol group and wholesaler’s board recommended the £137.5m offer to shareholders.
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NewsNisa board recommends Co-op’s £137.5m offer
Nisa’s board has “unanimously” recommended the Co-op’s offer worth up to £137.5m to its shareholders.
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NewsBrightHouse circled by consortium of US hedge funds
BrightHouse is being circled by a consortium of bondholders as pressure mounts on the rent-to-own retailer to strike a refinancing deal.
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NewsOasis, Coast, Warehouse sale abandoned by Kaupthing
Icelandic bank Kaupthing has abandoned plans to sell Oasis, Coast and Warehouse after insisting the market “does not currently recognise the value” of the businesses.
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NewsWholesalers call on CMA to block Tesco-Booker merger
The bosses of the UK’s seven biggest wholesale businesses have called on the Competition and Markets Authority (CMA) to block the deal.