Yonghui Superstores is set to become the sole owner of Shanghai East Exhibition International Trade by acquiring the remaining 45% stake in the latter for CNY30.2m ($4.56m).
Yonghui Superstores operates supermarkets, while Shanghai East Exhibition International is an international trade firm.
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Both companies involved in the transaction are based in China.
Private equity firm IMM Private Equity has agreed to acquire 288,000 shares, representing a 60% stake, in W Concept Korea from ISE Commerce Company for $54.2m.
All the companies involved in the transaction are based in South Korea.
W Concept Korea is an online retailer for luxury designers and fashion, while ISE Commerce is an electronic commerce business.
ISE Commerce will hold a 20% stake in W Concept Korea, holding a total of 96,000 shares, upon successful completion of the transaction.
Supervalu has signed a definitive merger agreement with Associated Grocers of Florida to acquire the latter for $180m.
The company has also signed a long-term supply agreement with Associated Grocers’ biggest customer, which is expected to be effective upon successful completion of the merger.
Through the acquisition, Supervalu expected to add its products and services to Associated Grocers’ customer base in South Florida, the Caribbean and other international markets, thereby expanding its operations.
Based in the US, Supervalu is a retailing company, while Associated Grocers is a retailer-owned co-operative engaged in the distribution of grocery and general merchandise to independent retailers.
US-based company Camping World Holdings plans to acquire Uncle Dan’s Outfitters, a retailer of outdoor gear, camping apparel and supplies, as part of a strategy to strengthen its broader outdoor lifestyle market.
The acquisition is expected to help the company achieve its plans to build a seamless approach to the outdoor lifestyle market.
