Casino Group to sell 567 Leader Price stores in France to Aldi for €735m

(adsbygoogle = window.adsbygoogle || []).push({}); French retail company Casino Group has agreed to sell three warehouses and 567 Leader Price stores in France to German discount supermarket chain Aldi’s subsidiary Aldi France in a deal worth €735 million. The consideration includes a €35 million earn-out, which will be paid More...

by businessnewstoday | Published 2 weeks ago
By businessnewstoday On Wednesday, March 18th, 2020
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Costco acquires logistics solutions provider Innovel Solutions for $1bn

Costco acquisition of Innovel Solutions : US warehouse clubs chain Costco Wholesale Corporation has acquired Innovel Solutions, a provider of third-party end-to-end logistics solutions for $1 billion from Transform More...

By Soujanya Ravi On Monday, March 16th, 2020
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Paper Source acquires 30 stores of bankrupt gift retailer Papyrus

Paper Source, a Chicago-based stationery and gift retailer has acquired 30 closed stores of the bankrupt lifestyle brand and gift retailer Papyrus in the US for an undisclosed price. In January 2020, Schurman Fine More...

By businessnewstoday On Sunday, March 15th, 2020
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Coronavirus outbreak : Natural Grocers implements early store closures

Natural Grocers by Vitamin Cottage said that amid the novel coronavirus outbreak, all its 157 Natural Grocers stores will be closing early at 7:35 PM to carry out sanitization. The US organic grocery store chain More...

By Soujanya Ravi On Thursday, March 12th, 2020
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Amethis takes minority stake in Kenyan supermarket chain Naivas

Amethis, an Africa-focused investment fund manager, and its partners have bought a minority stake in Kenyan supermarket chain Naivas Group. The other investors joining the France-based Amethis in the acquisition More...

By businessnewstoday On Tuesday, March 10th, 2020
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US Foods to acquire Smart Foodservice Warehouse Stores for $970m

US Foods acquisition of Smart Foodservice : US Foods has agreed to acquire Smart Foodservice Warehouse Stores, an Oregon-based warehouse grocery store chain from funds managed by affiliates of Apollo Global Management More...

By businessnewstoday On Monday, March 9th, 2020
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Dollar General opens first store in Wyoming at Pine Bluffs

Dollar General Pine Bluffs store opening news : US variety store chain Dollar General has opened its first store in Wyoming, located at Pine Bluffs, to expand its national footprint to 45 states. The retailer’s More...

By Soujanya Ravi On Tuesday, March 3rd, 2020
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iAnthus to open Northeast Be. cannabis retail store on Staten Island, NYC

US cannabis cultivator iAnthus Capital will be officially inaugurating its first Northeast Be. cannabis retail store on Staten Island, New York City on 26 March. The company, which owns, operates, and partners with More...

By Soujanya Ravi On Saturday, February 29th, 2020
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PacSun opens two teen apparel stores in Los Angeles and New York City

PacSun, a California-based teen apparel retailer, is expanding with new stores in Los Angeles and New York City. The newly opened PacSun Los Angeles store is spread across 5,000 square feet, while the New York teen More...

By Soujanya Ravi On Friday, February 28th, 2020
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German supermarket chain Lidl opens 800th UK store at Dumbarton, Scotland

Lidl Dumbarton store opening news : German discount supermarket chain Lidl has inaugurated its 800th store in the UK at Dumbarton in Scotland. Last week, three other new Lidl stores were also opened at Cambridge, More...