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Retail industry 'set for M&A activity'
European retail firms are expected to use mergers and acquisitions (M&A) as a way of generating growth in a subdued climate.
Experts speaking at the World Retail Congress in Berlin this week said the industry is poised to enter a period of consolidation and investment in emerging markets, Reuters reports.
Ira Kalish, director of global research at Deloitte, suggested this could lead to an upsurge in takeover deals as major retailers seek to boost their presence in developing countries such as India, China and Brazil.
"We're going to have a shaking-out, a consolidation that will come about through both merger and acquisition activity as well as through bankruptcy," Mr Kalish commented.
He added that domestic markets are likely to remain unspectacular because the retail sector has "increased capacity far more than demand over the last decade".
Earlier this month, a report from PricewaterhouseCoopers revealed an increase in M&A activity for the financial services industry, with deal values rising by 55 per cent in the third quarter of the year.
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