UK CMA begins phase 1 probe into Sainsbury’s acquisition of Asda

(adsbygoogle = window.adsbygoogle || []).push({}); The UK Competition and Markets Authority (CMA) has started the first phase of a formal probe into the proposed Sainsbury’s acquisition of Asda from Walmart. Under its investigation, the British competition watchdog will undertake a detailed assessment into how the merger between the two More...

by businessnewstoday | Published 5 months ago
By businessnewstoday On Sunday, July 1st, 2018

Old Navy to open store at PREP Property’s Shoppes shopping mall in Parma

Retail industry news : PREP Property Group has signed a lease with Old Navy to enable the opening of the Gap-owned clothing retail brand’s store at The Shoppes shopping mall in Parma, Ohio in late fall 2018. To More...

By businessnewstoday On Wednesday, June 13th, 2018

New Amazon fulfillment center in Tulsa, Oklahoma to bring 1,500 jobs

Retail industry news : A new Amazon fulfillment center in Tulsa, Oklahoma is set to open, creating 1,500 full-time roles says the e-commerce giant (adsbygoogle = window.adsbygoogle || []).push({}); To More...

By businessnewstoday On Saturday, June 9th, 2018

ITC acquires herbal floor cleaning brand Nimyle from Arpita Agro Products

Indian FMCG giant ITC has acquired a herbal floor cleaning brand called Nimyle for an undisclosed amount from Kolkata-based Arpita Agro Products to enter into the home care products segment. The Nimyle neem-based More...

By businessnewstoday On Wednesday, May 2nd, 2018

Sainsbury’s to merge with Asda to create largest supermarket chain in UK

Retail acquisition news : British retail giant Sainsbury’s has agreed to acquire rival UK supermarket chain Asda from Walmart in exchange of £2.975 billion in cash and a stake of 42% in the combined business. The More...

By businessnewstoday On Sunday, April 29th, 2018

150 new tech jobs at Argos as catalogue retailer pushes for digital growth

New tech jobs at Argos : British catalogue retailer Argos, a subsidiary of supermarket company Sainsbury’s, said that it will add 150 new tech jobs to support its growing digital business with an aim to further More...

By businessnewstoday On Sunday, April 29th, 2018

Sainsbury’s in advanced discussions to acquire Asda from Walmart

Retail acquisition news : British supermarket company Sainsbury’s and Walmart-owned Asda Stores are reported to be in talks over a £10 billion merger deal in a move to create the largest UK supermarket chain. The More...

By businessnewstoday On Tuesday, April 17th, 2018

M&S job losses – 450 jobs to go in Hardwick distribution center closure

M&S job losses : British retailer Marks & Spencer (M&S) will shutter its Hardwick distribution center near Warrington, England, a move that will affect 450 jobs. M&S will cease operations at the More...

By businessnewstoday On Saturday, April 7th, 2018

New Amazon fulfillment center in Las Vegas to provide 1,000+ jobs

Retail industry news : A new Amazon fulfillment center in Las Vegas to be constructed shortly in the north part of the resort city will bring more than a thousand full-time jobs in the region. To be developed by More...

By businessnewstoday On Tuesday, March 27th, 2018

JD Sports Fashion to acquire US sportswear retailer Finish Line for $558m

Retail acquisition news : UK sportswear retailer JD Sports Fashion has made a conditional acquisition agreement to buy US sportswear retailer Finish Line for about $558 million in an all-cash deal, in a move to More...