Food
Meal kit supplier HelloFresh acquires Factor75, a company specialising in healthy ready meals, in the United States.
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Czech billionaire Daniel Kretinsky announced he now owns over forty per cent of the voting rights of Metro. It will allow him to exert even more influence on the direction of the German group.
Fashion
Belgian plus size fashion label Paprika takes over the Dutch FNG daughter brand Promiss from entrepreneur Martijn Rozenboom. The company wants to turn it into a fully digitalized brand.
In the United States, Ahold Delhaize acquires FreshDirect, an online supermarket in New York City specializing in fresh produce.
Hunkemöller may change owner: investor group Carlyle is attempting to sell the lingerie chain. The timing is unfortunate as demand is falling sharply due to the corona crisis.
Walmart sells Japanese retailer Seiyu to investment company KKR and e-commerce company Rakuten. The company, which is headed by the Belgian Lionel Desclée, has been for sale for some time now.
Beeline Group has reached an agreement with Australian jewellery specialist Lovisa on the sale of part of its European store network under the SIX and I AM brands.
VF Corporation, parent company of, among others, Kipling and The North Face, acquires the exclusive fashion brand Supreme for 2.1 billion dollar (1.8 billion euro). The acquisition should give a new boost to the company’s e-commerce turnover.
Luxury platform Farfetch welcomes two strategically important shareholders: Alibaba and Richemont together invest 1.1 billion dollar in the company. It is a first step towards consolidation in the online luxury industry.
Nestlé takes a majority stake in Mindful Chef, a British supplier of healthy meal boxes and frozen meals. Waitrose also had an appetite for the meal supplier.
The decision has been taken after months of battle: Carrefour is allowed to take over the French organic chain Bio c' Bon and will merge the company with So.bio, a specialised chain it has owned since 2019.
Tiffany & Co and LVMH have reached an agreement after all: the takeover goes ahead, but for the reduced price of 131.50 dollar per share. That results in a discount of around 400 million dollar.
LVMH and Tiffany & Co are reportedly discussing a "discount" on the planned 16.2 billion euro acquisition. Tiffany wants LVMH to keep its purchase promise, but the French luxury house regrets the expensive deal.
Fashion brand Sonia Rykiel rises from its ashes: after the bankruptcy last year, two co-founders of Showroomprivé ensure a relaunch online. Physical stores will follow later.
Dunkin' Brands, owner of Dunkin' donut shops and Baskin Robbins ice cream shops, is negotiating a possible takeover with Inspire Brands.
LVMH may acquire Tiffany & Co, says the European competition watchdog. Remarkably the green light is not welcome at all this time, as the Vuitton mother looks for a way out of the deal.
