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.
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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.
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Dutch Franchise Friendly Concepts’ Délifrance Benelux acquisition is in full swing. The franchise organization will obtain the French sandwich chain’s Benelux master franchisee on 1 April.
Sligro Food Group sold its struggling supermarket chain Emté to a group which consists of supermarket companies Jumbo and Coop.
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 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.
Store chain Monoprix, part of French Groupe Casino, entered negotiations to acquire online shoe seller Sarenza, one of France’s prime online brands.
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.
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 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.
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.
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.
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.
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 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.
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.