Retail deals slump 80% to $8.72bn in second quarter

The value of retail industry deals fell by nearly 80 per cent to $8.72 billion in the second quarter of 2020, according to analysis by GlobalData.

As the Coronavirus pandemic took its toll on investment, the total value of deals was down 76.5 per cent in the three months to June, compared to the first quarter, marking a drop of 64.5 per cent when compared with the last four-quarter average of $24.6 billion.

The overall number of deals fell 24.5 per cent compared the four-quarter average to 315 transactions, compared to a four-quarter average of 417.

The Asia Pacific region led the global league table of activity, with deals worth $3.65 billion made during the period.

The top five retail deals accounted for 40.7 per cent of the overall deal value during the second quarter this year. The combined value of the top five retail deals stood at $3.54 billion.

The top five retail industry deals during the second quarter, tracked by GlobalData were:

-The $397.77 million acquisition of 21 Three Clothing by Boohoo Group.

-Apollo Global Management’s $1.75 billion private equity deal with Albertsons Companies.

-The $535 million private equity deal with Wayfair by CBEP Investments, GHEP VII Aggregator and The Spruce House Partnership.

-Arcland Sakamoto’s $480 million acquisition of Lixil Viva.

-The merger of Insurance Acquisition and Shift Technologies for $380 million.

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