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M&A activity 'set to pick up in retail sector'
Europe's retail industry is expected to see an increase in mergers and acquisitions (M&A) over the next few months, as deal-making conditions become favourable once more.
This is according to a report from Reuters, which claims that survivors of the recession in the retail sector have concentrated on restructuring their businesses and cutting costs - until now.
With many companies becoming profitable again, attention has shifted to opportunities for growth, while confidence in the private equity industry is returning.
Rob Templeman, chief executive of British department store Debenhams, said at a recent industry conference that the timing is "almost perfect" for M&A.
Meanwhile, Barclays head of retail and wholesale Richard Lowe told the news agency that deal-making activity is now at its highest level since 2008.
A recent report from the New York Times stated that companies in emerging markets have set the pace for M&A in the first quarter of the year.
The newspaper claimed that firms in China, India and other developing nations have shown a "new enthusiasm" for deals, while western businesses continue to struggle with debt and sluggish economies.