Milk, Biscuits, Tea, Bikini

Article Abstract:

George, a British clothing line, gains market share in the UK retail industry.

Product information, Market share, Grocery stores, Apparel and accessories, not elsewhere classified, Apparel & Accessories NEC, All Other Cut and Sew Apparel Manufacturing, Management, Retail industry, Retail trade, Clothing industry, Clothing, Davies, George

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Wal-Mart makes Euro 10.3 billion offer for the U.K.'s Asda; U.S. retailing giant cuts in on Kingfisher, signaling big changes in Europe; over 100,000 items on sale

Article Abstract:

Wal-Mart Stores Inc (Bentonville, AR) has offered 10.3 billion euros for Asda Group PLC, the 3rd largest food retailer in the United Kingdom. The Wal-Mart offer is expected to sink Kingfisher PLC's chances of acquiring Asda. If approved, Wal-Mart's acquisition of Asda is expected to set off a wave of consolidations in Europe's already highly competitive retail sector, and change the face of European retailing. Over 100 million people worldwide already shop at Wal-Mart each week, and Wal-Mart stores carry over 100,000 items each on average.

United States, Acquisitions & mergers, Foreign operations, All Other Specialty Food Stores, Discount Stores, Mergers, acquisitions and divestments, Wal-Mart Stores Inc., Kingfisher PLC, ASDA Group Ltd.

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Tengelmann says it seeks partners for an 'alliance.'(Abstract)

Article Abstract:

Tengelmann Group announced that it is seeking a partnership with other entities for a "strategic alliance." The announcement increased speculation about greater consolidation in the retail industry in Europe. Tengelmann is a retailer based in Germany. The company said that it was engaged in negotiations with Edeka Zentrale, a supermarket chain based in Germany.

Comment:

Seeking partnership with other entities for "strategic alliance"

Germany, Abstract, Tengelmann Warenhandelsgesellschaft

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