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| Global retail industry news |  |
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 - Russia's X5 to acquire rival Kopeika
X5, the largest food retailer in Russia by sales, has reached a deal to acquire Kopeika, the country's sixth-largest retailer. Sources say the deal is worth about $1.65 billion. X5 and Kopeika have been in takeover talks for months, receiving the go-ahead from the country's anti-monopoly regulator in July. The Moscow Times/Reuters (06 Dec.)       - Hermes sets up holding company
Hermes International's family shareholders have established a holding company for more than half of the share capital to ramp up their defense against a takeover threat by LVMH Moet Hennessy Louis Vuitton. The proposed holding company would have the first right of refusal when Hermes family members want to sell shares. The family owns more than 73% of the company. Bloomberg (06 Dec.)  | D&O Insurance: Indemnity from the Top Down
By Elizabeth Wasserman, October 19, 2010
Shareholder lawsuits filed against AIG and other financial services firms at the onset of the recession has driven demand for director and officer (D&O) insurance at all manner of enterprises, including mid-size companies. |
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 - China's Dangdang hopes to raise $221M via IPO
E-Commerce China Dangdang, which is launching an initial public offering on the New York Stock Exchange this week, may be China's version of Amazon.com. Dangdang is working to expand beyond books into other areas of general merchandise. The company faces significant challenges, but it did manage to increase revenue by 56% in the first nine months of the year. The Wall Street Journal (06 Dec.)  | The ABCs of effective board members
Chiquita CEO Fernando Aguirre and former Wendy's CEO Kerrii Anderson offer best practices for managing board members. Find out how to make the most of the talents and experience of your corporate board — and make your company stronger. Learn more about Effective Board Leadership. |
 | Spotlight on Mass Merchandise |  | | | - Wal-Mart aims to ensure stable prices in Kunming, China
Wal-Mart is working with the local government in Kunming, China, as well as the federal government to ensure stable prices in the southwestern city. The retailer's announcement came after an order from the Chinese government to justify and provide advance notice of price increases. Bloomberg (06 Dec.) | NRF News | | | | - From Nordstrom to Wal-Mart: 11 retailers who "get" social media
After realising the impact of ratings and reviews on their company's brand -- and sales -- many retailers have taken their social outreach to a new level. In a new blog post, NRF's Margaret Little explores retail's social media standouts with Josh Bernoff, senior vice president of idea development at Forrester Research. Among the best retailers for social media, according to Bernoff: Amazon.com, Threadless and Dunkin' Donuts. Read more.
| SmartQuote | | | |  | The real art of conversation is not only to say the right thing in the right place but to leave unsaid the wrong thing at the tempting moment."
--Lady Dorothy Nevill,
British writer and socialite  |
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