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eBay pays US$2.4B for GSI Commerce
As part of the transaction, eBay will divest 100 per cent of GSI’s licensed sports merchandise business and 70 pe rcent of ShopRunner and Rue La La. eBay believes these businesses are not core to its long-term growth strategy.
Thorn acquires, upgrades full-year outlook
Thorn Group has upgraded its underlying period profit tax range to $22 million to $23 million for the full year ending 31 March, which is a 34 per cent to 40 per cent increase.
Metcash buys POS systems provider
SSA provides advanced point of sale systems to independent retailers in the grocery, liquor, hardware, fuel and convenience sectors.
Betta joins Narta group
BSR, the franchisor of 134 Betta electrical and furniture retailers has announced it will be joining Narta, Australasia’s largest independent buying group.
Sold: Centro's US assets
After months of revising its restructuring and recapitalisation options, Centro Properties Group has sold its US assets to BRE Retail Holdings, an affiliate of Blackstone Real Estate Partners.
Woolworths' $340M liquor acquisition
The business, which had recently announced a 6 per cent increase in its half-year, said The Cellarmasters Group will be an add-on to its existing liquor portfolio of Dan Murphy's, BWS, Woolworths Liquor and Langton's.
Bunnings invests trust fund in properties
The Bunnings Warehouse Property Trust will be expanding its portfolio with the acquisition of 10 Bunnings Warehouse stores and three properties.
Coles nabs FlyBuys
Coles has acquired National Australia Bank's 50 per cent interest in FlyBuys, Australia’s first and largest shopping rewards program.
Myer snatches fashion label from DJs
While sass & bide will operate as a separate entity, Myer will have exclusive department store rights to distribute the designer brand, as well as benefit from the expansion of sass & bide standalone store network and its domestic and international wholes
Yahoo!7 pays $40M for Spreets
Spreets, which has been in operation for almost a year, was the first group buying site in Australia and New Zealand.
