Delivery Hero to acquire Latin American business of Glovo in €230m deal

(adsbygoogle = window.adsbygoogle || []).push({}); Delivery Hero, a German online food ordering company, has agreed to acquire the Latin American (LATAM) operations of on-demand delivery start-up Glovo for up to €230 million. The consideration includes performance-based payment of up to €60 million. Glovo enables its users to buy, More...

by businessnewstoday | Published 1 week ago
By businessnewstoday On Tuesday, September 15th, 2020

Amazon India opens two new fulfilment centres in Hyderabad

Amazon India has expanded its fulfilment infrastructure in the South Indian state of Telangana with a couple of new fulfilment centres in Hyderabad. The e-commerce retailer said that the expansion will help sellers More...

By businessnewstoday On Tuesday, September 15th, 2020

British clothing retailer Next to form JV with Victoria’s Secret UK

US fashion retailer L Brands has signed a deal with British clothing retailer Next Plc under which the latter will form a joint venture with its Victoria’s Secret business in the UK and Ireland (Victoria’s Secret More...

By businessnewstoday On Wednesday, September 9th, 2020

Silver Lake to invest $1bn in Indian retailer Reliance Retail

Indian conglomerate Reliance Industries said that US private equity firm Silver Lake will invest INR 7,500 crore ($1.02 billion) for a stake of 1.75% in the former’s subsidiary Reliance Retail Ventures Limited More...

By businessnewstoday On Sunday, August 30th, 2020

Reliance Retail Ventures to acquire Big Bazaar and other businesses of Future Group

Reliance Retail Ventures (RRVL), subsidiary of Reliance Industries, has agreed to acquire the retail and wholesale business and the logistics and warehousing business from Indian retailing network Future Group for More...

By businessnewstoday On Thursday, August 13th, 2020

US department store chain Stein Mart files for bankruptcy protection

Stein Mart, a US department store chain, has filed for bankruptcy protection in the US Bankruptcy Court for the Middle District of Florida – Jacksonville Division. The Florida-based department store chain based More...

By businessnewstoday On Tuesday, August 4th, 2020

US-based EC Design acquires Australian stationery retailer kikki.K

EC Design, a US-based lifestyle products company, has acquired Australia-based design and stationery brand kikki.K for an undisclosed price. The stationery retailer, which was founded by Swedish entrepreneur Kristina More...

By businessnewstoday On Monday, August 3rd, 2020

7-Eleven to acquire Speedway from Marathon Petroleum for $21bn

7-Eleven acquisition of Speedway : Convenience stores company 7-Eleven has agreed to acquire the Speedway convenience store chain from US petroleum refining company Marathon Petroleum for $21 billion in an all-cash More...

By businessnewstoday On Thursday, July 23rd, 2020

​Flipkart acquires Walmart India, launches Flipkart Wholesale digital marketplace

​Flipkart acquisition of Walmart India : Indian e-commerce company The Flipkart Group has acquired a 100% stake in Wal-Mart India (Walmart India) from US retail giant Walmart for an undisclosed price. The acquisition More...

By businessnewstoday On Thursday, June 25th, 2020

Publix Super Markets opens new GreenWise Market grocery store in Odessa

Publix Super Markets has opened a fourth Florida location for its GreenWise Market grocery store chain, located just north of Tampa in Odessa. The new GreenWise Market grocery store can be found at State Road 54 More...