Walmart is to sell its UK supermarket chain Asda to a consortium comprising private equity group TDR Capital and the founders of petrol station operator EG Group. The purchase price is £6.8 billion ($8.8 billion).
Hammerson has announced its new CEO, an executive who’s prepared to take on one of the toughest current jobs in the real estate sector as retail property owners remain under intense, even existential, pressure.
The news just keeps coming from The Hut Group, the giant UK-based beauty retailer and technology company. On Wednesday, it announced that it had acquired Perricone MD, the popular US prestige skincare brand, for $60m.
London’s Seven Dials area has launched an initiative designed to help start-ups but also to boost the mix of appealing brands in the neighbourhood as it fights back in the battle to attract visitors post-lockdown.
Asda looks set to change hands, possibly as early as this week, with owner Walmart having entered exclusive talks with private equity firm TDR Capital. Walmart is expected to sell a controlling stake for over £6.5bn.
Eyewear giant Marcolin has named Alessandro Beccarini as its Style & Product Development Director with responsibility for the management and development of all the group’s eyewear collections worldwide.