Industry Archives: Retail

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Leading Phone Operator MTS Gets OK to Buy Retailer Svyaznoy

Moscow Times October 10, 2014
MTS, Russia’s biggest mobile phone operator, on Thursday received the go-ahead to buy a 49 percent stake in major mobile phone retailer Svyaznoy, according to a statement on the Federal Anti-Monopoly Service’s website.

The agency simultaneously gave MTS permission to purchase a range of Svyaznoy subsidiaries engaged in logistics, insurance and more.
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Austria’s BauMax sells Bulgarian stores to investor Haedus

VIENNA, Sept 11 (Reuters) – Struggling Austrian home improvements group BauMax has sold its Bulgarian unit with eight stores to local investor Haedus JSC, it said on Thursday, taking another step in its campaign to shrink back to health. It gave no financial terms for the deal, which still requires regulatory approval. BauMax sold its Romanian business in July and said in April it was closing its seven outlets in Turkey.

BauMax, which like other home improvements chains in Europe has suffered from weak demand due to sagging housing markets and depressed economies, is working to implement by 2016 a restructuring plan worked out with creditor banks including Raiffeisen, Erste Group and Bank Austria.

Austrian tycoon Hans Peter Haselsteiner came to the rescue of BauMax owner Karlheinz Essl this month by buying a modern art collection that Essl had tried in vain to sell to the state to prop up his business empire.

BauMax, which lost 189 million euros ($244 million) in 2013, at one stage had 158 outlets, almost half of them in Austria and the rest in the Czech Republic, Slovakia, Hungary, Slovenia, Croatia, Romania, Bulgaria and Turkey.

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Nordic Capital buys majority stake in clothing chain Gina Tricot

STOCKHOLM, June 9 (Reuters) – Private equity firm Nordic Capital said on Monday it had agreed to buy a majority stake in Gina Tricot from the Appelqvist family, the founders of the Swedish clothing retailer who will retain a significant stake in the company. Gina Tricot has 180 stores in Sweden, Norway, Denmark, Finland and Germany and had sales of around 2 billion Swedish crowns ($302 million) last year, but in recent years sales have declined slightly, hit by tough market conditions.

Nordic Capital did not disclose the purchase price nor the size of the stake acquired. “Under Nordic Capital’s ownership, Gina Tricot will gain access to a pool of capital and extensive experience of the retail market, leaving the company well positioned to execute on a new strategic plan,” Nordic Capital said in a statement. Nordic Capital will also inject new capital to boost Gina Tricot’s financial position.

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Fashion house Versace sells stake to Blackstone to fund growth

MILAN, Feb 27 (Reuters) – Italian fashion house Versace is selling a 20 percent stake to U.S. private equity firm Blackstone (BX.N) for 210 million euros ($287 million), aiming to fund new shops and build on a recent recovery in sales before an eventual stock market listing. Continue Reading →

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Russia’s Lenta to announce London share sale on Feb. 3

MOSCOW, Jan 31 (Reuters) – Russian hypermarket chain Lenta, part-owned by U.S. private equity firm TPG, will announce plans for an initial public share offering on Monday Continue Reading →

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Drugstore 33.6 to Merge With Rival, Issue Shares

Reuters – Russian drugstore company Pharmacy Chain 36.6 is to merge with rival chain A.V.E. and issue additional shares, in a step to consolidate a fragmented sector, the company said in a statement on Thursday. Continue Reading →

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Metro considers floating Cash & Carry Russia

Europe’s fourth-biggest retailer Metro AG is considering floating a 25 percent stake in its Cash & Carry Russia unit in the European spring, three sources familiar with the deal said on Wednesday. Continue Reading →

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Kishore Biyani’s Future Group in talks with Actis Capital to buy supermarket chain Nilgiris

NEW DELHI: Economic Times – Kishore Biyani-owned Future Group, India’s largest listed retailer by revenues, is negotiating with private equity firm Actis Capital to buy Nilgiris, a Bangalore-based supermarket chain in which it holds a majority stake Continue Reading →

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New fund to turn Ukraine’s e-commerce potential into scalable reality

East-West Digital News
Earlier this month, the Moscow-based management company Flint Management launched a venture fund dedicating to developing e-commerce in Ukraine. This move comes just weeks after the company announced the creation of Flint Capital, a $35 million fund with a large high tech investment focus in Russia and Ukraine. Continue Reading →

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Siberian Shoe Retailer Plans to Raise $63M in Local IPO

The Moscow Times
National shoe retailer Obuv Rossii, or Russian Footwear, plans to carry out an initial public offering on the Moscow Exchange by the end of the year Continue Reading →

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