Kroger to sell 762 convenience store business to EG Group for $2.15 billion

CINCINNATI and BLACKBURN, United Kingdom, 2018-Feb-08 — /EPR Retail News/ — The Kroger Co. (NYSE: KR) and EG Group, a privately-held petrol forecourt convenience store retailer based in Blackburn, Lancashire, United Kingdom, today (Feb. 5, 2018) announced a definitive agreement for the sale of Kroger’s convenience store business unit to EG Group for $2.15 billion. The companies […]

Kesko to sell its Yamarin boat business to Inha Works Ltd

Helsinki, 2016-Dec-22 — /EPR Retail News/ — Konekesko Ltd, part of Kesko Group, has made an agreement to sell its Yamarin boat business to Inha Works Ltd, a subsidiary owned by Yamaha Motor Europe N.V.  The representation of Yamaha’s recreational machinery in Finland transfers From Konekesko Ltd to Yamaha Motor Europe N.V. Kesko’s strategic objective is […]

Walgreens Boots Alliance to sell 865 Rite Aid stores to Fred’s, Inc. for $950 million

Deerfield, Ill., and Camp Hill, Pa., 2016-Dec-21 — /EPR Retail News/ — Walgreens Boots Alliance, Inc. (Nasdaq: WBA) and Rite Aid Corporation (NYSE: RAD) announced today (20 December 2016 ) they have entered into an agreement to sell 865 Rite Aid stores and certain assets related to store operations to Fred’s, Inc. (Nasdaq: FRED) for $950 […]

SUPERVALU to sell Save-A-Lot business to Onex Corporation for $1.365 billion in cash

MINNEAPOLIS, 2016-Oct-19 — /EPR Retail News/ — SUPERVALU INC. (NYSE:SVU) today (Oct. 17, 2016) announced that it has entered into a definitive agreement whereby an affiliate of Onex Corporation (TSX:OCX) will acquire SUPERVALU’s Save-A-Lot business for$1.365 billion in cash, subject to customary closing adjustments. In connection with the sale, SUPERVALU and Save-A-Lot will enter into a […]

The Well JV to sell the residential component of The Well to Tridel Builders Inc. and Woodbourne Canada Partners III (CA) LP

TORONTO, ONTARIO, 2016-Jul-28 — /EPR Retail News/ — RioCan REIT (TSX:REI.UN), Allied Properties REIT (TSX:AP.UN) and Diamondcorp(collectively, “The Well JV”) today announced that they have entered into a binding agreement to sell the residential component of The Well to Tridel Builders Inc. and Woodbourne Canada Partners III (CA) LP for approximately $180 million, subject to certain […]

British Land to sell seven storey building at 334-348 Oxford Street, London to a private investor for £400 million

LONDON, 2016-Jul-08 — /EPR Retail News/ — British Land announces that it has exchanged contracts for the sale of 334-348 Oxford Street, London to a private investor for £400 million. The asset is a seven storey building located near Bond Street Underground Station in London’s core West End shopping district. The building is let in its […]

The Gymboree Corporation to sell Gymboree Play & Music to ZEAVION Holding

SAN FRANCISCO, 2016-Jul-04 — /EPR Retail News/ — The Gymboree Corporation (“Gymboree” or the “Company”) today announced that it entered into a definitive agreement to sell its early childhood development business, Gymboree Play & Music (“Play & Music”), to ZEAVION Holding (“ZEAVION”), a privately-held company with a focus on the education and entertainment sectors. Pursuant to […]