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Economy

Global retail industry deals total $26.98bn in Q3

Total retail industry deals for Q3 2020 worth $26.98bn (£20.2bn) were announced globally, according to the latest figures from GlobalData’s deals database.

The value marked an increase of 204.8% over the previous quarter and a rise of 12.3% when compared with the last four-quarter average of $24.02bn (£18bn).

In terms of number of deals, the sector saw a drop of 16.5% over the last four-quarter average with 333 deals against the average of 399 deals.

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In value terms, Asia-Pacific led the activity with deals worth $10.59bn (£7.9bn).

The top five retail industry deals of Q3 2020 tracked by GlobalData were:

  • EP Global Commerce’s $5.85bn (£4.3bn) acquisition of Metro
  • The $3.33bn (£2.4bn) asset transaction with Future Group by Reliance Retail Ventures
  • Meritage Group’s $3bn (£2.2bn) acquisition of Les Schwab Tire Centers
  • The $1.75bn (£1.2bn) asset transaction with JC PenneyInc by Brookfield Property Group and Simon Property Group
  • Itochu’s acquisition of FamilyMart for $1.74bn (£1.3bn).

Globaldata’s figures show that the combined value of the top five retail deals stood at $15.66bn (£11.7bn), accounting for 58.1% of the overall value during Q3 2020.

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