Fashion
The creditors of the fashion group Gerry Weber have almost unanimously approved an insolvency plan, therefore paving the way for a new start with new owners.
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With the acquisition of Ellos (Sweden), fashion group FNG wants to achieve synergies of up to 30 million euros. Analysts at ABN Amro, however, have raised questions about this, both in terms of financing and the actual benefit of the acquisition.
Property
The launch of Westfield on the European continent was celebrated in Paris. The shopping centre operator will have ten Unibail-Rodamco shopping centres under their responsibility, ranging from France to Sweden.
Cosmetics
Belgian Distriplus (the holding company of drogmetics chains Di and Planet Perfume and subsidiary of the Groupe Jacques Bogart) acquires the seventeen Milady perfume shops in Luxembourg.
Food
Rumours about a takeover bid by Carrefour for its rival Casino are re-emerging, a deal that would lead to a strong number one in both France and Brazil. Daniel Kretinsky however may still put a stop to it...
French liquor giant Pernod Ricard has had an excellent year, especially in China, and wants to build on that through a major acquisition and a new distillery.
Furniture
British carpet store chain Carpetright has moved 45 million euros worth of debt from banks to its major shareholder Meditor.
General
Alibaba Group seems to be handling the current trade war between China and the US quite well, as its turnover and profit growth went into double figures again. Moreover, the Chinese company is preparing the acquisition of competitor Kaola.
Daniel Kretinsky's attempts to acquire 67.5 % of shares in German retailer Metro have failed. The Czech billionaire now wants to take a seat in the Board of Directors.
Time is running out for Daniel Kretinsky's takeover bid on German retail holding Metro. The offer ends on 7 August, but is a deal still possible given the many people opposing it?
French-Italian optics group EssilorLuxottica has bought its Dutch competitor GrandVision in a deal that values the latter on 7.1 billion euros. The merger of the companies owning the Ray-Ban glasses and Pearle stores respectively is still subject to approval of the competition watchdogs.
The duty-free shops of International Duty Free (IDF) at the Brussels airport will be acquired by the Lagardère group. The French group will pay 250 million to CNP, a Frère family vehicle.
French fashion house Sonia Rykiel is bankrupt. Now that the search for an acquirer has failed, the 1968 fashion brand is left with 30 million euros of loss and declining sales.
In a quest for cash, French supermarket group Casino is selling its subsidiary Vindémia in the Indian Ocean. In the domestic market of France, three hypermarkets will also be sold to competitors.
German retail group Metro is calling on its shareholders not to accept the EP Global Commerce takeover bid because it would be too low. The food service company has just published sound quarterly results.
Asahi from Japan has bought Australian brewery group Carlton & United Breweries for ten billion euros. Seller AB InBev, the largest brewery group in the world, wants to lower its debt rate with this deal, after the disappointment of a failed IPO.
