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Breaking : South African raider dashes Sainsbury’s hopes of grabbing Home Retail Group

by on February 21, 2016

Sainsbury's hopes of grabbing Home Retail Group (HRG), owner of Argos, have been hit by a last-minute £1.4billion bid tabled by a South African stores conglomerate.

Steinhoff, which is 17 per cent owned by South African retail billionaire Christo Wiese, (pictured) has approached HRG with a cash offer believed to be worth 175p a share – a total of £1.4billion – which is well above Sainsbury’s 160p mixture of cash and shares.

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More about retail in the Sunday papers roundup – Tesco, Dave Lewis, Morrisons, Monarch Airline, Home Retail Group, Americana, Comet, Debenhams, Mothercare, Orchid Pubs

by on July 27, 2014

"A wounded Tesco mounting a powerful counter attack."  From www.theretailbulletin.com

  • Dave Lewis: a new star for planet Tesco,
  • Middle East takeaway giant Americana tempts buyers,
  • The fallout after Comet crashed to earth,
  • Debenhams poaches finance chief from Mothercare.

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