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GoTo, a prominent Indonesian ride-hailing firm, recently announced its first-ever quarterly net profit. This is a significant milestone for the company, which has seen strong revenue growth and increased cost control measures begin to pay dividends. The…
Mars, the multinational confectionery manufacturer, has received the final approval needed to complete a $36 billion acquisition of Kellanova. The European Commission’s unconditional approval sets the stage for the finalization of the deal, which is set to…
Sigma Healthcare has revised its merger synergy target with Chemist Warehouse, following a significant increase in both its top and bottom line results last year. New Merger Synergy Targets Sigma Healthcare has now set its synergy target for the merger at…
Bank Australia (BAL) has strengthened its foothold in the competitive banking landscape with its recent merger with Qudos Bank. The two entities joined forces on 1 July 2025, with Qudos transferring all its assets and liabilities to BAL, which will now…
The Indonesian competition authority has initiated an investigation to identify potential risks associated with a potential merger between tech behemoths Grab and GoTo, according to the head of the agency. Muhammad Fanshurullah Asa, the head of the agency,…
The alliance between the two Japanese companies is estimated to be worth $30 billion and is expected to be concluded by October next year. The merger’s combined revenue could see it totaling $11 billion, easily surpassing its domestic competitor Rakuten. Tech…
Brazilian parent of Aesop and the Body Shop to take over 130-year-old Avon business. Cosmetics firm Natura is acquiring Avon Products in an all-share transaction, creating one of the world’s largest “pure-play” beauty groups. The combination of Natura and…
Trussardi, the family-owned Italian luxury brand specialising in leather goods, has been acquired by private equity firm Quattro R, local media reports. BoF has not yet been able to independently confirm the report. According to Italian news site Pambianco,…
Myntra has announced the integration of Jabong with the brand and Ananth Narayanan will continue to lead the team.“Since Myntra’s purchase of Jabong in mid-2016, the two brands have been steadily integrating key business functions and streamlining processes.…
Vietnam’s biggest private conglomerate Vingroup has officially confirmed its acquisition of major tech products retailer Vien Thong A. In its financial statement for the third quarter of 2018, Vingroup lists Vien Thong A Import Export Trading Production…
Aditya Birla Retail, which owns almost 500 Extra-branded supermarkets and hypermarkets throughout India, is to purchase the rival superstore enterprise Jubilant Agri and Shopper Merchandise. The deal will add 4 Complete Superstore hypermarkets to its…
Future Group, one of India’s highest profile retailers, has agreed to merge its operations with Bharti Retail to create a retail powerhouse with more than 570 stores. Bharti Retail currently runs more than 200 Easyday branded stores of multiple formats across…
