Posts Tagged ‘Retail news’

Jones Group Inc. acquires Europe’s largest luxury shoe retailer based in the United Kingdom

Comments Off | 06-5-2011

The Jones Group Inc. announced it has acquired Kurt Geiger, Europe’s largest luxury shoe retailer based in the United Kingdom, from Graphite Capital, a leading UK mid-market private equity firm.
The investment was for a cash consideration of approximately $350 million (or 215 million pounds Sterling) in cash, inclusive of debt acquired. The transaction, which was

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3i acquires a minority stake in the UK’s GO Outdoors

Comments Off | 04-20-2011

3i has acquired a minority stake in UK based camper utilities specialist Go Outdoors. The owners of Sheffield-based GO Outdoors said they had entered into an agreement in which 3i will acquire existing and newly issued GO Outdoors shares, representing a significant minority stake in the total share capital of GO Outdoors.
Paul Caplan, President and

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Ageas UK acquires Castle Cover Limited for a sum of £52.8 million

Comments Off | 03-25-2011

Ageas UK (formerly Fortis) announced Thursday the acquisition of Castle Cover Limited for a sum of £52.8 million. The investment is in line with Ageas UK’s multi-distribution strategy and will increase its customer numbers to around 8 million. Within Ageas UK’s Retail operation, the acquisition is expected to create a combined retail customer base of

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Morrison Supermarkets acquires UK’s multi channel online retailer of baby products Kiddicare

Comments Off | 02-18-2011

Morrison Supermarkets announced the acquisition of Kiddicare along with the rights for its technology platform. Kiddicare is a multi channel online retailer of baby products and the transaction cost £70 million. Last year, the multi channel online retailer had a turnover of £37.5 million and has grown by 75% in the past three years.
Currently, Kiddicare

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Morrisons in agreement with Asda to acquire additional selling space via acquisition of 16 former Netto UK stores

Comments Off | 01-14-2011

Morrisons announced it has entered into a conditional agreement with Asda to acquire 120,000 square feet of additional selling space through the purchase of 16 former Netto UK stores at a cost of £28.1 million. These stores will fit very well into Morrisons’ portfolio of 437 existing stores, said the firm.  The additional selling space

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Silverfleet Capital acquires UK footwear business Office from Sir Tom Hunter’s West Coast Capital (WCC)

Comments Off | 12-20-2010

Silverfleet Capital has acquired UK footwear business Office from Sir Tom Hunter’s West Coast Capital (WCC). The financial terms were undisclosed, but reports value the deal at around £150 million. Silverfeet Capital is a European private equity firm.
The UK business, Office first opened in 1981 as Office London and, following significant expansion throughout the 80s

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Leading independent property company Wereldhave purchases Poole based Dolphin Shopping Centre in England

Comments Off | 12-18-2010

Wereldhave announced Thursday it had reached an agreement to acquire the Dolphin Shopping Centre in Poole, Dorset, England. This asset comprises an existing mid-sized, mainly covered two level, shopping centre in one of the south coast’s major urban areas. The investment volume extends to some €101 million, about £85 million, (including costs) reflecting a net

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Meyer Bergman and Thor Equities acquire London’s premier retailer Burlington Arcade for £104 million

Comments Off | 10-26-2010

London’s premier retail destination Burlington Arcade has been acquired by Meyer Bergman and Thor Equities. The prestigious West End facility was acquired for an estimated investment sum of 104 million pounds.  A statement from the two firms said the investment has been undertaken through a joint venture that will initially be split 80/20. However, the

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Clas Ohlson, Sweden’s third- largest retailer after Ikea and H&M, planning to open up to 200 stores in Britain in expansion bid

Comments Off | 08-31-2010

Reports emerged over the weekend that one of Sweden’s foremost retailers is mulling an expansion in the UK. Clas Ohlson, the third biggest retailer in Sweden, is keen on establishing around 200 stores in Britain, a move that will create an impressive 7000 jobs. Clas Ohlson comes third to Ikea and H&M, Swedish clothing chain

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