M&A
The latest news, updates and analysis on mergers and acquisitions in the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
-
Dec- 2024 -17 December
BIC acquires Tangle Teezer in €200m deal
BIC has announced its acquisition of haircare company Tangle Teezer in a €200m (£165m) deal . Headquartered in London, Tangle Teezer was first launched in 2007 as “the world’s first expertly designed detangling tool”. The brand has amassed an estimated net sales worth more than €70m (£57m) in 2024, having…
Read More » -
Nov- 2024 -26 November
Secret Sales expands European presence with Afound acquisition
Secret Sales, the marketplace for off-price retail in fashion, sportswear and beauty, has acquired H&M Group’s digital fashion outlet, Afound. The company said the move solidifies its position in European off-price retail, establishing operations across 10 countries including Sweden, Denmark, Norway, Finland, Germany, The Netherlands, Belgium, Ireland, Spain and the…
Read More » -
Feb- 2024 -28 February
Jollyes acquired by TDR Capital
Jollyes has been acquired by TDR Capital from previous owners Kester Capital, for what Kester calls a 4.2x return on investment. The investment, expected to be completed by the end of March, will enable Jollyes to continue to grow its store estate at pace. Upon completion of the deal TDR…
Read More » -
Oct- 2023 -24 October
ScS to be acquired by Italian firm Poltronesofà in £99.4m deal
Furniture retailer ScS has revealed it has agreed to be acquired by Italian brand Poltronesofà in a £99.4m deal. SCS’s board said the deal, which represents a premium of 66 per cent. to the Closing Price per ScS Share of 169 pence on 23 October 2023, has been recommended to…
Read More » -
Apr- 2023 -17 April
Retail M&A deals up 30% since pre-pandemic times, study finds
The number of UK M&A deals targeting retailers has increased by 30% since before the pandemic, with 34 retail M&A deals announced in 2022 compared with 26 in 2019, according to research by international law firm, RPC. This marks only a marginal decline from 35 retail deals in 2021 –…
Read More » -
Aug- 2022 -31 August
Co-op sells petrol forecourt estate to Asda for £600m
Co-op has agreed to sell its petrol forecourt business to Asda in a £600m deal. The enterprise value of approximately £600m, which includes a cash consideration of £438m and is also inclusive of IFRS 16 lease liabilities of approximately £162m. This transaction includes 129 petrol forecourt sites, spread across the…
Read More » -
26 August
Retail entrepreneur swoops to acquire Paperchase
Steve Curtis, an operating partner at Rcapital, the turnaround investor, has reportedly agreed to buy Paperchase as a private investor for an undisclosed sum, according to Sky News. Its sources said on Thursday (25 August) that the deal was expected to be confirmed before the end of the week. Curtis,…
Read More » -
19 August
Central Group and Signa Holdings complete Selfridges acquisition
Central Group and Signa Holding have completed the acquisition of Selfridges Group from the Weston Family in a deal that is thought to be worth around £4bn. Following the news of the acquisition in December 2021, Selfridges Group portfolio, which comprises 18 stores under four banners in three countries, namely…
Read More » -
Apr- 2022 -14 April
Asda owner eyes Butlin’s takeover
TDR Capital, one of the principal owners of Asda, is reportedly eyeing a takeover bid for holiday camp chain Butlin’s, alongside other interested parties that include Fortress Investment Group. According to Sky News, the firms are among those who have submitted indicative offers for the group over the last few…
Read More » -
Sep- 2021 -1 September
US investment firm acquires 10% Boohoo stake
Boohoo has announced that T Rowe Price, a US investment firm, has acquired a 10% stake in the company. The deal makes the global investment group Boohoo’s third largest shareholder, overtaking Invesco and sitting just behind Jupiter Fund Management and co-CEO Mahmud Abdullah Kamani. As of 13 July 2020 there…
Read More »
