Aldi invests US$9 billion in U.S.A. expansion Americas On March 7, 2024, German discounter Aldi (12,000 stores worldwide, including 2,400 in the U.S.A.…
BNPL: Crédit Agricole Consumer Finance acquires Pledg Europe By acquiring Pledg, Crédit Agricole Consumer Finance aims to leverage the technology of a fractional payment specialist to strengthen online and in-store BNPL offerings The start-up, which raised €15 million in 2021, has not, however, enjoyed the same success as players such as Alma or Klarna.
Social commerce: TikTok acquires an Indonesian e-commerce giant Asia In Indonesia, the parent company of TikTok ByteDance (2022 revenue of US$85.2 billion,…
The Body Shop soon to be taken over by the Eurelius fund Americas After selling Aesop to L'Oréal, Brazilian giant Natura &Co was committed to selling The Body Shop. The investment company Aurelius has reportedly shown an interest.
UK : After Missguided, will Shein acquire TopShop? Asia Shein continues a strategic shift towards a marketplace business, already launched in the U.S.A. Brazil and now due in Europe. It has just acquired Missguided and may add Topshop in its portfolio.
India: Reliance Retail steps up fund-raising ahead of possible IPO Asia While Amazon and Walmart are stepping up investments in India, Reliance Retail Ventures (2022 sales of US$31.7 billion,…
USA: Shein makes historic breakthrough in physical retailing Americas While the Republican Attorney Generals in 16 states asked the SEC to investigate whether Shein’s supply chain uses forced labour,…
Auchan outpaces Jeronimo Martins as Portugal’s leading retailer Europe In Europe, the consolidation move continues amongst supermarkets. On August 3, Auchan Retail announced the purchase of 489 Dia stores (Minipreço and Mais Perto banners) plus 3 warehouses in Portugal for €155 million.…
External growth: Carrefour acquires Cora-Match Europe On 12th July 2023, Carrefour announced the acquisition of the Cora and Match banners, subsidiaries of the Louis Delhaize group. Carrefour could now reach a market share of 22.3% and compete with E.Leclerc, the French market leader.
Casino sells GPA in Brazil and prepares for significant shareholder dilution Americas With the announced sale of Grupo Pao de Açucar, Brazil's 2nd largest retailer in terms of sales, the French retailer is preparing for significant change for Latin America, the largest market in terms of sales. In France, following two bids yesterday, shareholders are facing a scenario of extreme dilution.
