Category: Retail

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 […]

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 […]

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