Articles tagged Deals & Rumours

Food behemoths Kraft and Heinz are to merge with one another to create the third-largest food and beverage company in the United States.

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Retail News - Tesco to offload Dunnhumby for an estimated £2bn

An American private equity firm has expressed interest in the acquisition of Dunnhumby - the data company which established the Tesco Clubcard.

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Tesco chief executive Dave Lewis’ turnaround project continues with the acquisition of 21 of its superstores in a deal with British Land which will see £733 million of assets swap hands.

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Online musical instrument retailer Gear4music.com is rumoured to be considering a floatation, following a record year of sales in the year to the end of February.

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Retail giant Sir Philip Green has offloaded struggling homewares chain BHS for a token sum of £1, The Guardian reports.

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E-commerce phenomenon Alibaba is to invest $200 million in photo-messaging app Snapchat, according to source cited by Reuters.

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After nearly a decade of fruitless endeavours in China, Amazon, the world’s largest online retailer, has bowed to overwhelming market dominance by domestic firms and paired up with its largest competitor in the region, Alibaba.

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Retail News - DFS names share price for London listing

DFS has announced it will price its shares at between 245p and 310p at its initial public offering (IPO) which could value to homewares retailer at up to £585 million.

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Retail News - Poundland share price plummets after its largest investor cuts its share

Shares in Poundland declined by 5.5 per cent to 393.9p in early morning trading today after Warburg Pincus - the discounter’s largest shareholder - offloaded ten million more shares than it had originally planned to sell.

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Retail News - Alibaba buys $590m stake in Meizu

Alibaba Group Holding Ltd is to take a USD 590 million stake in a small smartphone manufacturer as the company experiments with ways to expand its mobile operating system.

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