SYDNEY, AUSTRALIA: Woolworths Group Limited (ASX:WOW) will acquire a controlling interest in MyDeal.com.au Limited (ASX:MYD) MyDeal by way of a Scheme of Arrangement. MyDeal is an online retail marketplace focused on home and lifestyle goods. Woolworths Group proposes to acquire all of the issued shares in the Company other than certain shares held by Sean…
All posts tagged Retailer
Norsk Solar signs pact to solarize sites of the world’s largest retailer
STAVANGER, NORWAY: Norsk Solar AS has signed a LOI (Letter of Intent) with one of the largest retailers globally for the deployment of solar energy systems on sites in selected markets. The retailer is a European multinational, and one of the largest global companies within its segment with more than 10,000 commercial sites across the…
N Brown Group plc
N Brown Group plc (LSE: BWNG) is an online retailer headquartered in Manchester, England. N Brown offers a range of products, predominantly clothing, footwear and homewares with a focus on underserved customer groups. The company is listed on the London Stock Exchange. Type: Public Traded as: LSE: BWNG Founded: 1859; 161 years ago Headquarters: …
JCPenney enters financial restructuring agreement with lenders
PLANO, TEXAS: J.C. Penney Company, one of the nation’s largest apparel and home retailers, has entered into a restructuring support agreement (RSA) with lenders holding approximately 70% of JCPenney’s first lien debt to reduce the Company’s outstanding indebtedness and strengthen its financial position. The RSA contemplates agreed-upon terms for a pre-arranged financial restructuring plan that…
Tesco to sell 20% share in Gain Land for £275 million
LONDON: Tesco PLC has announced the sale of its 20% share in Gain Land to a subsidiary of its joint venture partner, China Resources Holdings (CRH). Gain Land is the Chinese joint venture with CRH that was established in 2014. The disposal will result in net cash proceeds to Tesco of £275 million which will…
Europris acquires a 20 percent equity stake in ÖoB
FREDRIKSTAD: Europris ASA, Norway’s largest discount variety retailer by sales, has today acquired a 20 per cent equity stake in ÖoB with payment in Europris shares. The acquisition of the equity stake has now been completed by the delivery of 4,349,695 Europris shares, corresponding to 2.61 percent of the share capital. This acquisition represents an…