In the Chinese retail, wholesale & foodservice industry, there were 12 M&A deals announced in Q1 2023, worth a total value of $595.9m, according to GlobalData’s Deals Database. The $90.4m majority acquisition of shanghai greenland hotel management by mingyu business travel was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Foodservices Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
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In value terms, M&A activity in China decreased by 60% in Q1 2023 compared with the previous quarter’s total of $1.5bn and rose by 66% as compared to Q1 2022. Related deal volume decreased by 37% in Q1 2023 versus the previous quarter and was 29% lower than in Q1 2022.
For further understanding of GlobalData's Foodservices Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.
