THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Retail HR North 2025
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
US private equity giant mulls M&S buyout

A US private equity giant is considering a buyout of Marks & Spencer. The Sunday Times stated that Apollo New York-based Apollo Global Management considers M&S a… View Article

DEPARTMENT STORE NEWS

US private equity giant mulls M&S buyout

A US private equity giant is considering a buyout of Marks & Spencer.

The Sunday Times stated that Apollo New York-based Apollo Global Management considers M&S a bargain, believing the retailer’s shares were being weighed down by the impact of Covid.

The firm also said that the market had failed to attribute enough value to M&S’s 50 per cent share of the grocery giant Ocado’s retail business, acquired for £750 million in 2019. The deal allowed M&S customers to buy its food online for the first time through the Ocado website.

It is not yet clear whether a recent surge in M&S shares, which have risen by 24 per cent on upgraded profit forecasts, has dampened Apollo’s appetite.

A private equity bid would likely attract scrutiny as the retailer begins to show signs of looking up.

Recent trading at M&S has also been boosted by the post-pandemic recovery in consumer spending and the fall of its long-standing competitors such as Debenhams.

Subscribe For Retail News