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Richemont wants to gain full control over Yoox Net-a-Porter

Swiss luxury group Richemont proposed to obtain a majority stake in online retailer Yoox Net-a-Porter. The move is a way to implement its online strategy faster.

Will Unilever acquire tonic brand Fever-Tree?
  • Published in Food

Tonic brand Fever-Tree appointed a new director, Kevin Havelock. Considering he leads Unilever’s sodas division, there is speculation that Unilever may acquire Fevertree Drinks and that has boosted its share.

LensGroup acquires two German web shops

Belgian LensGroup, which owns lens web shop LensOnline, has acquired two German competitors.The entry on the German market means the company is now active in five European countries.

Nutella acquires Nestlé's American chocolate division
  • Published in Food

Nestlé and Ferrero struck a deal regarding the former’s American chocolate division. The Nutella manufacturer will pay 2.4 billion euro to become the world’s third largest chocolate manufacturer. At the same time, Nestlé can turn its attention to healthier options in the United States.

Carrefour buys stake in Showroomprivé

Carrefour has obtained a 17 % minority stake in flash sale seller Showroomprivé with the intent of increasing its digital and non-food reach. Former shareholder Conforama did suffer a loss.

“Ferrero close to Nestlé's American chocolate division"
  • Published in Food

Italian Ferrero and Swiss Nestlé are close to a deal for the former to acquire the latter’s American chocolate division. Nutella and Tictac’s manufacturer would be willing to pay 2.8 billion dollars to get brands like Butterfinger and Baby Ruth.

Les Mousquetaires acquires Bricorama
  • Published in DIY

The French Bureau of Competition has approved franchise group Les Mousquetaires' acquisition of DIY chain Bricorama. The deal will catapult Les Mousquetaires into the third position in the French DIY industry.

Quiksilver acquires competitor Billabong

American surfing brand Quiksilver acquired its Australian competitor Billabong after it had tabled a bit late last year. The Australian company has been in financial turmoil for a while and both have now reached an agreement.

Greenyard Foods will not acquire Dole after all
  • Published in Food

Acquisition talks between Belgian fruit and vegetable processor Greenyard Foods and its American competitor Dole have not yielded anything. Greenyard would have become the world’s largest fruit and vegetable processor, had the deal been finalized.

Nestlé sells American chocolate division
  • Published in Food

Nestlé wants to sell its candy division in the United States. It is unable improve its competitive position and therefore hopes to attract 3 billion dollars.

Market shows little interest in Hema

It seems the sale of Dutch store chain Hema is not going all too well. According to local business paper FD, there are only two or three interested parties. Not a single strategic partner seems interested, only investment firms.

Continental Foods negotiations halted
  • Published in Food

Investment firm CVC has decided not to sell Continental Foods for the time being. Negotiations with an interested buyer for Devos Lemmens’ parent company fell through in the end.

Greenyard to become global market leader thanks to Dole acquisition
  • Published in Food

Belgian fruit and vegetables seller Greenyard has confirmed it is close to acquiring American competitor Dole Food, although the target is twice its own size. Together, they would become the world’s largest in this industry.

Unibail-Rodamco acquires competitor Westfield

Unibail-Rodamco acquired its competitor Westfield for 14 billion euro and will gain control over 35 shopping center (33 in the United States). The resulting company will become the world’s largest real estate company.  

Dr. Oetker acquires Belgian industrial bakery
  • Published in Food

German Oetker Gruppe, known for its frozen Dr. Oetker pizzas, has acquired Belgian industrial bakery Diversi Foods. The company is a major frozen bread supplier for Belgian and Dutch supermarket chains.

New owner for Kijkshop

Store chain Kijkshop has a new owner: Swedish investment firm LPCA sold all of its shares to another Swedish company, SparkistanStClemens.

Quiksilver wants to acquire Billabong

Surfing brand Quiksilver tabled a 150 million dollar (125 million euro) bid for its competitor, Billabong. It may be the latter’s only way out, with compounding losses in the past few years.

Nestlé considers Hain Celestial acquisition
  • Published in Food

Nestlé is allegedly interested in a Hain Celestial acquisition. The food company manufactures organic and vegetarian food and is currently valued at about 3.5 billion euro.

Barbie rejects G.I. Joe & co (for now?)

Toy giant Mattel has allegedly turned down competitor Hasbro’s bid, according to press agency Reuters’ anonymous sources close to the deal. It is still unclear what the repercussions would be.

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