Asda and Kingfisher resume alliance talks

Article Abstract:

Asda and Kingfisher are talking to each other about cross-selling opportunities which could be broadened to include a full-scale merger. Although at an early stage the talks centre on the interaction between the companies. A merger would create the second biggest retailer after M&S. Asda is looking for avenues of growth and is under pressure to innovate as Tesco moves into non-food ranges within hypermarkets. It is looking at ways to introduce new lines into its stores. Kingfisher wants to become an international retailer although it wants to develop the UK market also.

Comment:

Talks w/ ASDA about cross-selling opportunities which could be broadened to include a full-scale merger

United Kingdom, Supermarkets and Other Grocery (except Convenience) Stores, Supermarkets, Strategic alliances, ASDA, Kingfisher PLC, Article

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US: WALT DISNEY TO FOCUS ON EUROPE

Article Abstract:

Although it has excluded the possibility of buying record group EMI as it considers the price excessively high, Walt Disney has stated Europe will be the maim focus of its global expansion plans. In 2002 it will add Disney Studios, a second theme park to Euro-Disney near Paris. It will also expand its number of Disney retail stores and offer more consumer products and goods linked to Disney films.

United States, Diversified Companies, Strategy & planning, France, European Union, Marketing, Planning, Brief Article, Walt Disney Co., DIS, Disney Studios

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CZECH REP/SLOVAKIA: DATART BOUGHT BY KINGFISHER

Article Abstract:

Electrical retailer Datart which has 15 stores in Slovakia and the Czech Republic combined and where it is a leading market player, has had its majority stake purchased for GB[pound] 780,000 by Kingfisher.

Asset sales & divestitures, Czech Republic, Slovakia, Household Appliance Stores, Retail industry, Home appliances industry, Appliance industry, Kingfisher, Specialty stores, Appliance stores, Datart

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