Walmart said on Monday that it has sold an 80 percent stake in its Brazilian operations to private equity firm Advent International, exiting an underperforming business in its third major international deal since April.
British online supermarket pioneer Ocado has signed a partnership with Swedish market leader ICA Group, its third major deal in six months as food retailers race to meet the challenge of online competition.
Otto Group could eventually list its fast-growing fashion unit About You, but it's clear a stock exchange move is some time away yet as it focuses on finding a strategic partner and growing internationally first.
Acne is reportedly up for sale and Carven on the look out for new investors. Add to this the recent announcement of Piquadro's potential acquisition of Lancel, and the fashion and luxury sector looks set for a shake-up.
Britain’s Ocado has sealed a deal to allow Canada’s second largest food supermarket group Sobeys to use its e-commerce platform, sending the British online retailer’s shares up 28 percent on the new international tie-up.