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Dufry buys World Duty Free stake, targets full takeover
2015-08-11 13:39:00| Daily beverage news and comment - from just-drinks.com
Travel retailer Dufry is to move for the remaining share of rival World Duty Free after completing its EUR1.31bn (US$1.44bn) majority stake purchase.
Alibaba buys 20% stake in offline retailer Suning
2015-08-10 13:03:00| Telecompaper Headlines
(Telecompaper) Alibaba Group announced the acquisition of a 20 percent stake in Suning, one of China's largest offline consumer retailers, for CNY 28.3 billion (USD 4.63 billion). After the closing the investment, Alibaba will be the second-largest shareholder in the company. As part of the deal, Suning will also buy CNY 14 billion new shares in Alibaba, giving a 1.1 percent stake in the e-commerce giant. The two companies agreed to work together to build synergies in e-commerce, logistics and incremental business through joint omni-channel initiatives. Under the collaboration, Suning will open a flagship store on Alibaba's Tmall.com platform, focusing on consumer electronics, home appliances and baby products. In logistics, Suning will become a partner of Cainiao, Alibaba's logistics affiliate, and Alibaba will gain access to Suning's nationwide logistics network covering over 90 percent of China's counties. The cooperation is expected to give Alibaba consumers outlets for a physical experience with products, while still being able to make orders and payments online and over mobile devices. They will also have access to after-sale services in Suning's over 1,600 retail stores in 289 cities across China and its over 3,000 after-sales service locations and 5,000 affiliate partners.
Tags: offline
alibaba
buys
retailer
SSE buys gas field stake for 565m
2015-07-29 12:13:50| BBC News | Business | UK Edition
Energy firm SSE announces it is buying a minority stake in French oil and gas giant Total's West of Shetland operations for 565m.
Another Chinese firm buys stake in Masood Textile Mills
2015-07-13 18:19:00| Daily apparel & textile news and comment - from just-style.com
Chinese company Zhejiang Xinao Industry has acquired a 12.7% stake in Masood Textile Mills, one of the few vertically integrated textile and apparel makers in Pakistan.
Tags: firm
chinese
mills
textile
CPPIB buys 60% stake in Toronto rental property, entering Canada's multi-family real estate market
2015-07-06 19:29:49| Real Estate - Topix.net
An ominous haze from forest fires engulfed Metro Vancouver and the Sunshine Coast Sunday. Take a look at these photos posted to Instagram and other sources The Canada Pension Plan Investment Board made its first direct investment in Canadian multi-family real estate on Monday with the purchase of a 60 per cent interest in Minto High Park Village in Toronto.
Tags: real
estate
market
property
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