Bailian Group to Acquire Five Store Chains
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China's securities regulator has approved a plan by Shanghai conglomerate Bailian Group to acquire major stakes in five retailers in a step toward creating a massive retail chain group.
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A Qatari investment group on Friday said it had increased its stake in J Sainsbury, Britain&#39;s third biggest supermarket chain, to 25 percent.
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Oil-rich Gulf Arab state Qatar has made a bid approach for J Sainsbury Plc, which newspapers said valued Britain's third-biggest supermarket group at about 12 billion pounds ($24.5 billion), including debt.
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Britian's third-biggest grocer, J Sainsbury, is the target of a five-billion-pound (7.2-billion-euro, 9.1-billion-dollar) takeover bid.
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PLEASANTON -- US developer Mills Corp. has agreed to buy a 50 percent interest in Stoneridge mall and eight other regional malls from General Motors Asset Management Corp.
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Experian, Nottingham, United Kingdom, a global information solutions company, said yesterday that it acquired QAS Ltd., London, for $189 million, which includes $28.5 million of cash reserves.
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The footwear retailer looks to expand its business following a strong Q1.
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The five-year, $55 million deal is designed to help the convenience retailer improve customer service while boosting efficiency and productivity.
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Children&#39;s Place Retail Stores Inc. (PLCE.O: Quote, Profile, Research) said on Wednesday it will buy 313 retail stores from Walt Disney Co.
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Sainsbury's is to buy family owned supermarket firm Curley's in a multi-million pound deal.
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Together with a leading Indian cellphone operator, Wal-Mart will open hundreds of branded superstores across India over the next five years.
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Digigram , a leader in innovative digital audio network solutions, announced the appointment of five new European distributors.
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Kraft, the struggling American food group, yesterday announced the $1.5bn (Â£810m) sale of its Life Savers and Altoids confectionery division to the chewing gum business Wm Wrigley Jr.
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Upmarket shoe retailer and designer Jimmy Choo is set to step up its store expansion programme after brand investor Hicks, Muse, Tate &amp; Furst acquired a controlling stake in the business.
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But the chain, which is the nationâs largest consumer electronics retailer, said it would keep investing in new stores, including as many as 25 in China.
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Best Buy Co Inc.  said on Wednesday that its board approved several initiatives, including raising the number of potential new North American stores, setting a $5.5 billion share repurchase program, and raising its dividend by 30 percent.
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National Grid Transco agreed one of the largest cash deals in recent corporate history yesterday with the sale of four of its eight gas distribution networks for Â£5.