Online Grocery

Moody's Downgrades Ocado Group, Citing 'Prolonged Underperformance'

Moody's Investors Service has downgraded online grocery operator Ocado Group from a B2 to a B3 rating, reflecting what it said was the 'prolonged operating...

Rohlik Expands Operations In Germany, Targets €1.2 bn Sales In 2024

Online grocery delivery business Rohlik Group said on Tuesday it has expanded its German business to the Rhine-Main region including Frankfurt and plans to...

Lenta To Acquire Online Food Retailer Utkonos

Russian retailer Lenta has agreed to acquire Moscow-based online food retailer Utkonos for a base purchase price of RUB 20 billion (€240 million).

Coop.dk MAD And Osuma.dk Announce Merger

Coop Denmark has announced that online grocery delivery companies Coop.dk MAD and Osuma.dk have merged under the Coop.dk MAD banner. Osuma is one of the...

Online Shopping In Denmark Sees 75% Growth In Five Years: Study

According to a new study by Dansk Erhverv, the Danish Chamber of Commerce, online shopping in the country has grown by 75% in the last five years....

Dutch Retailer Jumbo Opens 13th Delivery Hub

Dutch retailer Jumbo has expanded its delivery capacity in the Northern Netherlands with the opening of a new delivery hub in Heerenveen. The chain...

US Online Grocer Boxed To Go Public Via SPAC Deal

Online bulk grocery retailer Boxed Inc said it would go public through a merger with blank-check firm Seven Oaks Acquisition Corp, in a deal valuing the eq...

Ahold Delhaize And Centerbridge Partners Acquire FreshDirect

Ahold Delhaize and Centerbridge Partners have closed the acquisition of New York City-based online grocer FreshDirect after receiving regulatory clearance...