UK: Value retailer B&M eyes investment in Germany's JA Woll Handels.
B&M plots European expansion
UK variety retailer B&M has confirmed it is looking to acquire a majority stake of German discount firm JA Woll Handels.
The acquisition attempt is the value retailer's first venture outside the UK.
Asked by just-food if B&M was on the verge of acquiring a majority stake in the business a spokesperson responded: "That is correct".
JA Woll Handels currently operates 49 stores under the Hafu and Jawoll fascias and claims to be a "market leader in the north west" of Germany where it is the second largest "out-of-town" discounter.
The spokesperson said the move was part of B&M's "planned acquisition of majority stakes" in European retail businesses.
"They've said for some time there's potential for European expansion - this is a venture into the continental European market. This company has grown rapidly under current ownership and wants to accelerate further," she added.
- Rabobank's early view on Brexit impact on food
- Kellogg uses Kashi to finally join party - comment
- New food waste standard will help monitor progress
- Tyrrells' growth plans - CEO interview, part two
- How could a TTIP affect the food industry?
- Brexit – Live reaction from food industry
- Kellogg to invest in "next-generation innovation"
- Post, ConAgra 'held talks' over Lamb Weston merger
- R&R Ice Cream names Daniel Martinez new CFO
- Mars takes UK chocolate brands into trail mixes
- Top Trends in Snacks, Confectionery, and Desserts; Exploring consumer and innovation trends in key categories
- Frozen Bakery Products Market by Type, Distribution Channel, & by Region - Global Trends & Forecast to 2020
- Singapore Food and Drink Report Q3 2016
- Fast Food in India
- Country Analysis Report: Saudi Arabia, In-depth PESTLE Insights