Transactions that move the retail, consumer and leisure industries

PwC Consumer Markets M&A Deals Newsletter December 2025

PwC Consumer Markets M&A Deals nieuwsbrief december 2025
  • 08 Jan 2026

With the festive season behind us and the new year on its way, it’s time to look ahead. And the outlook is cautiously optimistic. While the geopolitical situation remains a reason for concern, improving economic conditions, undeployed capital and rapid technological developments are expected to drive renewed momentum. 

Deal activity in December involved 72 deals in total; that’s a decrease of 61 deals year on year. A couple of the notable ones are:

  • The acquisition of WellnesselandeBarendrecht BV by Arendse Group BV

  • SnowWorld NV being acquired by Snowcentres Ltd NV

  • The acquisition of Run2Day Holding BV by Rise Point Capital

The most active sector (in number of deals) in November was Specialty Retail with eleven deals, as shown by:

  • Supermarket Income REIT plc and Blue Owl Capital Inc JV acquiring ten omnichannel supermarkets from Asda Group Ltd.,Supermarket Income REIT plc and Blue Owl Capital Inc JV acquiring five undisclosed assets of Supermarket Income REIT plc, and

  • multiple investors acquiring Rhizocore Technologies Ltd. 

Several potential acquisitions and exits are also being explored. To name a few:

  • Ahold Delhaize intends to continue growing through new acquisitions in the near future

  • LeMieux, a UK-based equestrian brand, could consider strategic acquisitions

Read more in the December edition of our newsletter

(PDF of 2.27MB)

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Wilmer Kloosterziel

Wilmer Kloosterziel

Partner, PwC Netherlands

Tel: +31 (0)61 386 40 62

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