Hints and tips:
...“When [marketing automation software company] Klaviyo and [online grocery start-up] Instacart went public last September, there was a lot of excitement about this being the restart of IPOs, but there were...
...UK chip designer Arm, US grocery delivery app Instacart and San Francisco-based market automation group Klaviyo listed on New York exchanges in September, ending an 18-month drought in tech initial public...
...paying CEO enough to ward off US rivals (FT) Oaktree Capital’s Howard Marks to undergo cancer treatment (FT) Johnson & Johnson consumer arm’s shares jump in biggest US IPO since 2021 (FT + Lex) Biggest grocery...
...Those opposed to the consolidation are putting up a spirited-fight, arguing that the deal will be bad for grocery prices, grocery workers and cities and towns across America....
...During Japan’s lockdowns in early 2021, consumer habits changed to buying large stashes of daily necessities and groceries at the nearest convenience stores....
...Cash also flowed in from Albertsons’ property portfolio as the company sold stores to investors who then leased them back....
...One thing to start: Grocery delivery app pioneer Getir is in talks to take over its heavily lossmaking rival Gorillas, according to people familiar with the deal....
...DD wonders how many potential LPs will get to the bottom of how it really works before committing money to the new fund....
...One scoop to start: the Istanbul-based grocery delivery app Getir has raised $550m in new funding — tripling its valuation to $7.5bn, including the new capital, barely three months after its last financing...
...“They have massively underperformed when every other grocery staple business has enjoyed a boom,” said one banker in the sector....
...For an affordable project, those amenities might include on-site healthcare for low-income recipients, childcare and luring a health-conscious grocery store....
...The companies said they expect the deal to complete in the first quarter of next year....
...Albertsons, the US grocery chain that is among the country’s biggest private companies, is seeking to take advantage of a rebound in the stock markets with an initial public offering that its backers hope...
...Albertsons, the private-equity owned US grocery store group, has priced its initial public offering below the previously announced range and has scaled back the listing, in a sign of weak investor demand...
...Indian food delivery companies get a dosa reality The path to success is never a straight line, especially for food delivery companies....
...Similar to SoftBank, Tencent recently led two straight deals in the Chinese company Kuaishou, with the latter increasing its valuation by $14bn....
...Most of us would prefer the company of our phones to other people anyway....
...Russian steel tycoon Alexei Mordashov is buying control of Lenta, the country’s third-largest grocery retailer, in a deal that ends US private equity group TPG’s colourful investment in the group....
...Executives at these firms highlighted the ruthless competition in the fragmented UK grocery market sector and cited the frequent price wars in the industry....
...Now Albertsons will combine with Rite Aid, with the latter’s shareholders owning around a third of the combined company....
...Albertsons plans to buy drugstore chain Rite Aid in a deal that hastens the consolidation rippling through the grocery industry as companies try to out-manoeuvre the rising threat of online competitors like...
...B&M has been looking to expand its grocery business, spending £152m on the purchase of northern English convenience chain Heron Foods last August....
...Like-for-like grocery prices were 3.6 per cent higher in the 12 weeks to December 3 compared to the same time a year ago, according to Kantar, topping last month’s high of 3.4 per cent....
...B&M has paid £112m today and up to another £12.8m will be payable depending on the performance of the company over the next year and a half....
...Latest figures from Kantar Worldpanel show grocery inflation stabilised at 3.2 per cent in the three months to 16 July, the same pace as the previous 12 week period....
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