Walmart Sells Most of Japan’s Seiyu to Rakuten and KKR
Rakuten and KKR will seek to shore up Seiyu’s digital operations as demand for online retail grows in Japan amid the pandemic.
Divestiture
Walmart Sells Most of Japan’s Seiyu to Rakuten and KKR
Walmart Inc. is selling most of Japanese retailer Seiyu to KKR & Co. and Rakuten Inc. in a deal that values the supermarket chain at 172.5 billion yen ($1.6 billion), as the U.S. giant retreats from its two-decade attempt to crack Japan’s retail market. Under the agreement, private equity fund KKR will become the majority […]
Bed Bath & Beyond Sells Christmas Tree Shops in Time for the Holidays
"We will continue to optimize our portfolio, including the potential sale of additional non-core assets," says Bed Bath CEO Mark Tritton.
ByteDance Desperate for Extension as TikTok Sale Deadline Hits
The company has asked the U.S. government to extend a Thursday deadline for ByteDance to divest its TikTok business in the U.S.
ByteDance Desperate for Extension as TikTok Sale Deadline Hits
The company has asked the U.S. government to extend a Thursday deadline for ByteDance to divest its TikTok business in the U.S.
Blackstone Reportedly Buys Piramal Glass for $1 Billion
Piramal Enterprises is looking to sell some non-core businesses to boost capital. In June, the group agreed to sell a 20 percent stake in Piramal Pharma to Carlyle for $490 million.
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Blackstone Reportedly Buys Piramal Glass for $1 Billion
Piramal Enterprises is looking to sell some non-core businesses to boost capital. In June, the group agreed to sell a 20 percent stake in Piramal Pharma to Carlyle for $490 million.
B&G Foods Acquires Crisco from JM Smucker for $550 Million
JM Smucker CEO Mark Smucker says Crisco is “an iconic brand” but didn’t fit with the company’s strategic priorities of pet food, coffee and snacking.
Adidas Reportedly Prepares Sale of Reebok Brand
Since taking over as CEO of Adidas in 2016, Kasper Rorsted has repeatedly denied rumors that he was looking to sell the brand.