24 Apr 2020
Posted in Retail
Retail sector witnesses growth in deal activity during the week ended April 19
The number of deals announced in the global retail sector increased by 31.8% during the week ended April 19, 2020 compared to the previous week, according to GlobalData’s deals database.
Aurojyoti Bose, Analyst at GlobalData, comments: “Deal activity in the retail sector has remained subdued since the COVID-19 outbreak and has now rebounded after two weeks of consecutive decline.”
Growth is primarily attributed to an increase in debt offering deals announcements. Other key deal types such as merger and acquisitions (M&A) and venture financing declined by 25% and 16.7% during the week ended April 19, 2020 compared to the previous week.
Deal activity increased in key markets such as the US and Japan while remaining mostly flat in China and the UK during the week ended April 19.