German shoe manufacturer Birkenstock to sell minority stake to L Catterton and Financière Agache

(adsbygoogle = window.adsbygoogle || []).push({}); Birkenstock, a German shoe manufacturer, has agreed to sell a majority stake to private equity firm L Catterton and its affiliates including Financière Agache. Financière Agache is the family investment company of billionaire Bernard Arnault, who is the chairman and chief executive More...

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By businessnewstoday On Friday, February 26th, 2021
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Clothing retailer Gap to open $140m Customer Experience Center in Longview

American clothing retailer Gap Inc. revealed plans to open a $140 million Customer Experience Center in Longview, Texas. The new Gap Inc. Customer Experience Center is expected to cope up with the increasing customer More...

By businessnewstoday On Thursday, February 4th, 2021
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Amazon to open fulfillment center in Alcoa, Tennessee

E-commerce giant Amazon has revealed plans to establish a fulfillment center in Alcoa, Tennessee in 2022. The new Amazon fulfillment center, which is being developed by Hillwood Development Company, will generate More...

By businessnewstoday On Wednesday, January 27th, 2021
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Aditya Birla unit to acquire stake in designer brand Sabyasachi

Aditya Birla Fashion and Retail (ABFRL) has announced plans to acquire a stake of 51% in Indian designer brand Sabyasachi for INR 3.98 billion ($55 million). Sabyasachi’s revenues for FY20 was INR 2.74 billion. The More...

By businessnewstoday On Thursday, January 21st, 2021
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SEBI approves Reliance Industries acquisition of Big Bazaar and other businesses of Future Group

The Securities and Exchange Board of India (SEBI) has approved the previously announced INR 247.13 billion ($3.39 billion) acquisition of Big Bazaar and other businesses of Future Group by Reliance Retail Ventures More...

By Soujanya Ravi On Wednesday, January 20th, 2021
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Alarm.com launches Touchless Video Doorbell in US

Alarm.com, a US-based home automation company has developed a touchless video doorbell that can ring without any physical contact, thereby reducing public health risks and making home visits and deliveries safer More...

By businessnewstoday On Wednesday, January 6th, 2021
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Indian B2B ecommerce platform udaan bags $280m in new funding round

udaan, an India business-to-business (B2B) ecommerce platform, has secured $280 million in additional financing from existing and new investors. The existing investors of udaan, which took part in the funding round More...

By businessnewstoday On Friday, January 1st, 2021
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Hut Group to acquire online skin care retailer Dermstore for $350m

British e-commerce company The Hut Group (THG) has signed an all-cash deal worth $350 million to acquire online skin care retailer Dermstore from Target Corp. Dermstore is a pure-play online retailer of prestige More...

By businessnewstoday On Friday, December 25th, 2020
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Home Depot wraps up acquisition of building products distributor HD Supply

US home improvement retailer Home Depot has wrapped up its previously announced $8 billion acquisition of US building products distributor HD Supply. Headquartered in Atlanta, HD Supply is a national distributor More...

By Soujanya Ravi On Wednesday, December 16th, 2020
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EG Group to buy OMV Deutschland’s forecourt portfolio in Germany for €485m

British convenience retailer EG Group has signed a binding agreement with OMV Deutschland to acquire a network of 285 petrol station forecourts in Southern Germany for €485 million. The petrol station forecourts More...