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Smyths Toys acquires Toys ‘R’ Us in Central Europe

Irish Smyths Toys has announced a deal with bankrupt toys giant Toys ‘R’ Us to take over all of its 93 stores in Germany, Austria and Switzerland. Financial details about the deal were not disclosed.

Hans Anders surpasses 200 million euro turnover mark

Dutch optician chain Hans Anders’ turnover grew 6 % last year, to 203.7 million euro, but it also announced it would divest from the French market.

Chinese investment group now owns fashion chain Naf Naf

French fashion chain Naf Naf, part of the Vivarte group, has a new owner. A chinese group, led by fashion group La Chapelle, paid 52 million euro to acquire it.

Will Hema struggle to get sold?

Dutch department store chain Hema, on sale since September, is not attracting much attention, because interested parties feel it is overpriced. Previous attempts to sell the company have also failed. 

French Connection sells Toast to Bestseller group

British fashion retailer French Connection, known for its FCUK quote, has sold its Toast subsidiary to Danish clothing group Bestseller, which also owns brands like Vero Moda and Jack & Jones.

Ssense acquires and pulls the plug on fashion platform Polyvore

Polyvore, a well-known American social media network and fashion inspirational platform, has been shut down as soon as e-commerce group Ssense acquired it. The users are dismayed and immediately launched a petition.

Lotus Bakeries will manufacture fruit snacks in South Africa
  • Published in Food

Starting in 2019, Lotus Bakeries will manufacture Bear’s fruit snacks itself. The Belgian cookie manufacturer signed a deal with South African Grassroots, which will result in a new factory in 2019.

Emté supermarkets split between Jumbo and Coop
  • Published in Food

Jumbo and Coop have announced how they will split the Emté supermarkets they have acquired. 79 will go to Jumbo and 51 will become Coop supermarkets.

Canadian owner for Dockx Bruxsel shopping center

Canadian investor, Alberta Investment Management Corporation, paid about 300 million euro for Docks Bruxsel, a shopping center in Brussels. Developer Equilis had been looking for a buyer as soon as it completed the project in 2016.

HelloFresh buys American competitor and achieved strong growth in 2017
  • Published in Food

HelloFresh’ turnover last year grew 52 %, bringing it closer to profitability. The German meal box delivery service believes it will become profitable before the end of the year.

Bureau of Competition approves Yoox Net-a-Porter bid

The Italian Bureau of Competition has approved Swiss Richemont’s acquisition of Italian fashion webshop Yoox Net-a-Porter. The full bid, yet to be accepted, values the company at 2.7 billion euro.

Délifrance joins FFC's portfolio
  • Published in Food

Dutch Franchise Friendly ConceptsDélifrance Benelux acquisition is in full swing. The franchise organization will obtain the French sandwich chain’s Benelux master franchisee on 1 April.

Jumbo and Coop obtain Emté supermarket chain
  • Published in Food

Sligro Food Group sold its struggling supermarket chain Emté to a group which consists of supermarket companies Jumbo and Coop.

Duvel Moortgat adds Italian brewery
  • Published in Food

Duvel Moortgat increased its minority stake in Italian brewery Birrificio del Ducato to 70 %. The Belgian brewery, known for Vedett, has been part of the brewery near Parma since 2016.

American chains consolidate to fight Amazon

American retailer Albertsons has acquired its competitor Rite Aid, after the latter had already sold a series of stores to Walgreens. The acquisitions are mainly a reaction to Amazon and other online players’ onslaught.

Monoprix wants to acquire web shop Sarenza

Store chain Monoprix, part of French Groupe Casino, entered negotiations to acquire online shoe seller Sarenza, one of France’s prime online brands.

Hudson’s Bay dismisses Galeria Kaufhof bid

German Signa Holding’s “unsolicited” bid for German department store chain Galeria Kaufhof has been rejected. Hudson’s Bay Company’s board, which currently owns the chain, unanimously voted no.

Bain Capital acquires stroller brand Bugaboo

Investment group Bain Capital acquired pram brand Bugaboo. It wants to enter a next phase of its growth strategy with the help of its new owner.

Irish company acquires Dole Food
  • Published in Food

Irish Total Produce has acquired American Dole Food, which previously was a target for Belgian Greenyard. At first, it will obtain 45 % of shares, but it has an option to buy the entire company.