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December 14, 2010

Walmart, the retailing giant controlled by the Walton family, announced 13 December that it plans to close its Moscow office, which was set up last year as part of Walmart's plans to expand in Russia.

Walmart, the retailing giant controlled by the Walton family, announced 13 December that it plans to close its Moscow office, which was set up last year as part of Walmart's plans to expand in Russia.

The company said it had hoped to enter the Russian market via acquisitions, but that it had found no partners with which to pursue this aim.

December 2, 2010

Walmart, the retailing giant controlled by the Walton family, has given further insights into its emerging market strategy outlining plans for its stores in China.

Walmart, the retailing giant controlled by the Walton family, has given further insights into its emerging market strategy outlining plans for its stores in China.

Dough McMillon, chief executive of Walmart's international business, said in an interview with the Financial Times that it will be opening a series of "compact hypermarkets" in China based on the company's successful model used in Latin America.

November 29, 2010

Walmart, the supermarket giant controlled by the Walton family, announced 29 November that it has made a bid for 51% of Massmart Holdings Limited, a South Africa-based retail chain.

Walmart, the supermarket giant controlled by the Walton family, announced 29 November that it has made a bid for 51% of Massmart Holdings Limited, a South Africa-based retail chain.

This news comes after Walmart announced in September it was in preliminary talks with Massmart to acquire a stake in the company. 

October 1, 2010

Ferdinand Piëch, Volkswagen’s chairman and grandson of Ferdinand Porsche, said he would be keen to acquire Alfa Romeo, one of Europe’s most famed car brands which is owned by Fiat.

Ferdinand Piëch, Volkswagen's chairman and grandson of Ferdinand Porsche, said he would be keen to acquire Alfa Romeo, one of Europe's most famed car brands which is owned by Fiat.
 
Piech (pictured), speaking at the Paris motor show, said VW would be "interested in taking over Alfa Romeo" to add to the 10 marques the carmaker already owns.
 
Sergio Marchionne, Fiat's chief executive, responded by saying: "None of our cars are up for sale."
 

September 28, 2010

Walmart, the supermarket giant controlled by the Walton family, announced 27 September that it was in preliminary talks to acquire Massmart Holdings Limited, a South Africa-based retail chain.

Walmart, the supermarket giant controlled by the Walton family, announced 27 September that it was in preliminary talks to acquire Massmart Holdings Limited, a South Africa-based retail chain.

Walmart, the world's largest retailer by revenues, announced yesterday that if its initial proposal was successful it planned to offer R32 billion (€3.4 billion) for Massmart, which is South Africa's third-largest retailer with 290 stores and a presence in 13 other countries in southern Africa.

August 31, 2010

Simon Property Group, the largest shopping mall owner in the US, announced 30 August that it has completed the $2.3 billion acquisition of Prime Outlets Inc.

Simon Property Group, the largest shopping mall owner in the US, announced 30 August that it has completed the $2.3 billion acquisition of Prime Outlets Inc.

The deal will add a further 21 malls to SPG's portfolio, underlining its position as the largest retail property owner in the US.

August 6, 2010

Hutchison Whampoa, the Hong Kong-based company controlled by Li Ka-shing, announced better than expected results for the first half of 2010 on the back of growth in its ports, property and retail businesses and smaller than predicted losses in its mobile phone operations.

Hutchison Whampoa, the Hong Kong-based company controlled by Li Ka-shing, announced better than expected results for the first half of 2010 on the back of growth in its ports, property and retail businesses and smaller than predicted losses in its mobile phone operations.
 
The group's profits were up 12% to HK$6.5 billion compared with the same period last year, while losses in the 3G mobile phone business showed an 82% fall, shrinking to HK$998 million, compared with HK$5.5 billion for first half of 2009.

August 4, 2010

Banco Santander, one of Europe’s largest banks which still has strong links to the founding family, announced today that it will acquire 318 branches from the Royal Bank of Scotland Group in a deal worth £1.65 billion.

Banco Santander, one of Europe's largest banks which still has strong links to the founding family, announced today that it will acquire 318 branches from the Royal Bank of Scotland Group in a deal worth £1.65 billion.

The deal will give Santander an additional 1.8 million customers in the UK and is expected to be concluded by the end of 2011. 

July 30, 2010

Li Ka-shing, the 82-year-old head of the Cheung Kong Group of companies, shows no signs of taking a back seat in his business empire as he leads a £5.8 billion acquisition bid for the UK electricity grid owned by EDF energy.

Li Ka-shing, the 82-year-old head of the Cheung Kong Group of companies, shows no signs of taking a back seat in his business empire as he leads a £5.8 billion acquisition bid for the UK electricity grid owned by EDF energy.  
 
One of Hong Kong's most famous businessmen is making the offer though Cheung Kong Infrastructure Holdings and Hong Kong Electric Holdings, both of which are subsidiary companies of the main conglomerate, and the Li Ka-shing foundation.
 

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