Retail | FI SENSE

November 27, 2020

Ascena Retail Group, which owns clothing brands such as Ann Taylor and Loft, said o it will be acquired by Premium Apparel LLC for $540 million on a cash-free and debt-free basis. Premium Apparel, a unit of private equity firm Sycamore Partners, has committed to retain a substantial portion of the retail stores and associates […]

November 5, 2020

The sovereign wealth fund is investing $1.3 billion in Reliance Retail for a 2.04% equity stake in the largest retail chain in India. The investment values Reliance Retail, which was founded in 2006, at $62.4 billion, the Indian firm said. Reliance Retail, which serves more than 3.5 million customers each week (as of early this year) through […]

November 4, 2020

Cartlow, an U.A.E and Saudi Arabia platform the deals in refurbished goods at a bargained price has announced it has successfully raised US$2 million in a Pre-Series A round of financing. The round of funding was patronized by Arzan VC, Vision Ventures, OTF Jasoor Ventures, and several other investors. Founded by Mohammed Sleiman and launched in […]

September 30, 2020

Egyptian online fashion rental platform La Reina has announced it has successfully raised a six figure (USD) seed investment in a statement. The investment was secured from 500 Startups, Algebra Ventures, and some other angel investors. The startup had previously raised US$1 million in a funding round led by Algebra Ventures in 2018 the statement noted. The […]

September 3, 2020

GrocerApp, a Lahore-based grocery delivery startup announced in a statement that it has raised US$1 million in a seed round. The round of funding is reported to have been led by Dubai based internet investment group, Jabbar Internet Group. This deal is Jabbar’s first in Pakistan comes immediately after a sale of one of its […]

August 28, 2020

Lahore-based online retailer for baby products is reported to have raised $250,000 in a seed round of funding. The funding round was led by Singapore-based High Output Ventures with Pakistan-focused VC Karavan, US-based Virtual Force and other angel investors from the Middle East. Started 2014 by Irfan Ahmed, Baby Planet sells baby products ranging from […]

August 27, 2020

French supermarket retailer Carrefour has agreed to procure 172 stores under the Supersol banner in Spain, in a deal worth an enterprise value of $92.3 million which would strengthen Carrefour’s number two position in Spain. Carrefour established that the stores and supermarkets being acquired were mainly in Andalusia and the Madrid region and that they […]

August 21, 2020

New Zealand’s a2 Milk Co Ltd announced it has agreed to buy a 75.1% stake in dairy products maker Mataura Valley Milk from China Animal Husbandry Group in a ($252 million) deal. The offer follows talks regarding a2’s potential investment in Mataura’s Southland manufacturing facility, to support the increasing scale of the dairy producer’s […]

August 19, 2020

Reliance Retail has procured a 60% stake Vitalic for about $83.2 million, it said today, as India’s largest retail chain looks to expand into new categories and compete more closely with American e-commerce group Amazon. Reliance Retail said the deal, which grants it a 100% ownership of Vitalic’s subsidiaries (Netmeds, Tresara, and Dadha Pharma), valued the parent […]

August 19, 2020

Canadian warehouse robotics business Attabotics, disclosed it has raised $50 million in a funding round led by the Ontario Teachers’ Pension Plan Board. Following a surge in interest for automation in the retail sector, the robot logistics company established “Consumer behavior has shifted dramatically through COVID. It’s accelerated so much the demand for e-commerce,” said […]

Category: Retail

Sycamore unit to acquire Ann Taylor, Loft, others for US$540m

Ambani’s Reliance Retail raises $1.3b from PIF

Cartlow raises US$2m to accelerate sales of refurbished products

La Reina raises six-figure investment to boost operations.

Grocery delivery startup GrocerApp raises $1m seed round

Pakistani e-commerce startup Baby Planet raises $250,000 for expansion

Carrefour acquires 172 stores in Spain worth $92.m

New Zealand’s a2 Milk buys a $252m stake in Mataura Valley Milk

India’s Reliance Retail acquires $83.2m stake in Vitalic

Attabotics raises $50m in a funding round

Firstminute Capital launches second US$111M fund

Primer secures US$18M Series A

HungryPanda raises US$70M for a food delivery app

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