French retailer Carrefour SA has agreed to acquire Dia France, the French discount store chain operated by Distribuidora Internacional de Alimentación SA of Spain, three years after opting to spin them off.
Following consultations with Dia’s employee representatives and approval of antitrust authorities, Carrefour would acquire the more than 800 stores for an enterprise value of 600 million euros, or $816 million at current exchange. Carrefour said stores total about 5.9 million square feet and generate sales of 2.3 billion euros, or $3.05 billion, in 2013.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"