Brazil: Carrefour to buy food retailer Grupo BIG
Global retail giant Carrefour has reached an agreement with Advent International to acquire the third-largest retailer in Brazil Grupo BIG, for about $1.3 billion. The deal reinforces Carrefour’s presence in Brazil, making it almost as big as its European operations outside of France. The acquisition, which is subject to Brazil antitrust approval, will be realised […]
Netherlands: Ahold Delhaize to acquire 39 Deen stores
Dutch retailer Ahold Delhaize has announced that it has reached an agreement with Deen to acquire a number of stores to be converted to operate under the Albert Heijn banner. According to the company, Deen intends to sell 80 stores, distribution centres, its remaining business units, and its head office in Hoorn. An agreement is said […]
Belgium: Lidl to open 23 new stores
Supermarket chain Lidl has announced that it plans to open 23 new stores in Belgium by the end of February 2022. According to a press release from the retailer, new stores have already opened in Zottegem and Virton, with four more set to open in Retie, Beaumont, Aubange, and Tongeren later in February. Lidl also said it […]
Italy: In’s Mercato to open 30 stores in 2021
Italian discount retailer In’s Mercato is planning to open 30 new stores this year, aiming to expand its footprint and consolidate its brand. According to ESM, the retailer, owned by Pam-Panorama Group, is also planning to refurbish 90 stores in northeast, northwest and central Italy, in addition to the 30 new store openings. The new stores […]
Sweden: Coop to open first unmanned store
Scandinavian retail chain Coop has announced the launch of its first unmanned store located at Satrahojden in Gavle, Sweden The store, part of a move by Coop to explore innovative retail solutions, was tested last summer and will be operated by Coop Mitt, a co-operative running more than 60 stores in Gastrikland, Halsingland, Dalarna, Uppland and Vastmanland. According […]
USA: Online grocery platform Instacart to partner with Meijer
Online grocery platform Instacart has announced a partnership with supermarket retailer Meijer to deliver groceries to customers across the US. Founded in 1934, Meijer is a family-owned chain with stores throughout the Midwest. In 1962, Meijer was the first retailer to launch the “supermarket” or “superstore” in the US. Nilam Ganenthiran, president of Instacart said: […]
Argentina: Walmart to sell business
US-based retailer Walmart has announced that it has reached an agreement to sell its business in Argentina to Grupo de Narvaez. Walmart will not retain an equity stake, but will support the business through transition services and sourcing agreements under the new ownership, the company said. Grupo de Narvaez has retail operations in Argentina, Ecuador, […]
China: Alibaba to take control of Sun Art
Chinese e-commerce giant Alibaba has agreed to acquire a controlling stake in grocery retailer Sun Art from Auchan for approximately $3.6 billion. Alibaba acquired a 36% stake in Sun Art in 2017, and has now increased its holding to 72%. The move indicates “Alibaba’s commitment to Sun Art and its strategy to integrate online and offline resources […]
UK: Walmart to sell Asda for £6.8 billion
Supermarket giant Walmart has entered into an agreement to sell UK grocery chain Asda to Issa Brothers and TDR Capital for £6.8 billion ($9.1 billion). The acquisition will return the chain to UK ownership following its acquisition by Walmart for £6.7 billion ($8.9 billion) in 1999. According to sources, the new owners joined together to acquire an equal […]
Brazil: Rede Polo to acquire 57 Dia stores
Rede Polo, a retailer based in the state of Rio Grande do Sul, Brazil is reportedly acquiring 57 stores from Spanish supermarket chain Dia. According to sources, Dia recently ceased operations in the state of Rio Grande do Sul, where it had 70 outlets. Four of the stores to be acquired are located in the state capital Porto […]