European retailers set to employ more mergers and acquisitions advisors?
Retailers could be forced to merge to survive current climate
More mergers and acquisitions (M&A) advisors could be required to facilitate the growing number of takeover deals involving European retailers.
Speaking at the World Retail Congress in Berlin, a number of leading industry experts have predicted that both European and US firms will consolidate and invest in emerging markets, reports Reuters.
Ira Kalish, director of global research at consultants Deloitte, claimed retailers will merge during the tough economic climate in order to survive.
He said: "The retail industry has grown too rapidly and has increased capacity far more than demand over the last decade and now we're left with too many stores, too many retailers and certainly too many shopping centres."
A number of US firms could take advantage of the growing markets in Brazil and China and invest their cash stores in breaking into those areas, Mr Kalish added.
Earlier this month, Reuters revealed that the total value of international M&A for the first nine months of 2010 was worth 21 per cent more than the same period last year.