The number of deals announced in the global retail sector declined by 11.4% during the week ended 5 April, 2020, compared to the previous week, according to GlobalData’s deals database.
Aurojyoti Bose, Analyst at GlobalData, comments: “Deal activity in the retail sector has remained inconsistent on the back of volatile market conditions due to the COVID-19 outbreak.”
Deal activity also declined in the key markets such as the US, the UK, China and Japan.
Bose continues: “Announcement of merger and acquisitions (M&A) deals decreased by 26.7% while partnership deal volume remained at the same level during the week. On the other hand, venture financing deal volume increased by 40%. The week did not witness announcement of any private equity deal.”