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Retail & E-commerce
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SBM buys 33% stake in Africa Retail Market in US$4.2M deal
Castel-backed SBM strengthens distribution foothold as Morocco’s grocery sector sees aggressive store expansion.
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RMBV fund agrees to buy retailer Spinneys Egypt for about US$ 52.4M
Private‑equity vehicle RMBV (via its North Africa Fund III) has reportedly struck a deal to acquire Spinneys Egypt for roughly EGP 2.5 billion, about US$ 52.4 million at current exchange rates.
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Starbucks to cut 900 corporate jobs, close underperforming stores in US$1B restructuring plan
Starbucks unveils sweeping restructuring plan, cutting corporate roles and closing unprofitable stores to invest in customer-focused innovations.
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India’s retail inflation rises as food prices increase
Inflation moves up to 2.07% in August from 1.61% in July
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Investors explore partial stake sales in Indonesia’s Kopi Kenangan valued at up to US$1.4B
Key backers of Kopi Kenangan weigh partial stake sales as the Indonesian coffee chain pursues aggressive global expansion.