Colombia’s Discount Food Retailer Ara Tiendas secures US$93m from IFC to expand operations

Colombia’s Discount Food Retailer Ara Tiendas secures US$93m from IFC to expand operations

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COLOMBIA — Ara Tiendas, a Colombian based proximity food discounter has secured a US$93 million (about COP330 billion) from the International Finance Corporation (IFC) to help it increase the foot print of its discount grocery stores in the country. Ara Tiendas expansion…

Authentic, B. Riley’s US$271m buyout offer saves U.S. luxury department-store Barneys from winding down

Authentic, B. Riley’s US$271m buyout offer saves U.S. luxury department-store Barneys from winding down

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USA – U.S. luxury department-store chain Barneys New York Inc has reached an agreement to sell its assets to brand developer Authentic Brands Group and investment bank B. Riley Financial Inc, a court document showed. The deal which is estimated to be…

Nigeria’s FoodCo extends operations to Lagos, plans to open first outlet in Lekki

Nigeria’s FoodCo extends operations to Lagos, plans to open first outlet in Lekki

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NIGERIA – FoodCo Nigeria Limited, a diversified consumer goods company with interests in retail, quick service restaurants, manufacturing and entertainment, plans to extend its footprints into Lagos with the opening of its first outlet in Lekki in October. According to a statement…