* Marriott International Inc. agreed to acquire Elegant Hotels Group PLC in a deal that values the Barbados-based hotelier at £100.8 million. The consideration implies an enterprise value for Elegant of about $199.0 million based on the company's total net debt of $68.9 million as of March 31.
* Amazon.com Inc. launched its global selling program in Vietnam to allow local businesses to market their products overseas, KrASIA reported, citing the company and local news outlet ICTNews. The launch comes nine months after the U.S. e-commerce giant signed a deal with Vietnam's trade ministry to offer Amazon Global Selling in the country.
TEXTILES, APPAREL AND LUXURY GOODS
* Industria de Diseño Textil SA opened its first international "for&from" store in Italy. The store is part of the Spanish clothing retailer's social initiative, which aims to help introduce people with disabilities into the world of work.
HOUSEHOLD AND PERSONAL PRODUCTS
* German household-products maker Henkel AG & Co. KGaA partnered with packaging company Alpla to manufacture its first chemically recycled plastic bottles for its Perwoll liquid detergent.
* Shares of packaged-foods maker Post Holdings Inc.'s nutrition products unit BellRing Brands Inc. closed about 18% higher on its trading debut on the New York Stock Exchange.
FOOD AND STAPLES RETAILING
* Casino Guichard-Perrachon SA's third-quarter group organic net sales rose 2.4% to €9.05 billion, with a 1.5% increase in same-store sales. Net sales of its retail arm in France declined 3% on an organic basis to €4.59 billion but grew 0.2% on a same-store basis, while sales in Brazil jumped 10.3% on an organic basis.
HYPERMARKETS AND SUPERCENTERS
* Walmart Inc. agreed to a £3.8 billion pension buy-in with insurance company Rothesay Life PLC to off-load Asda Stores Ltd.'s pension liabilities, Sky News reported, citing a source close to the matter. Under the agreement, Rothesay reportedly will be responsible for paying the retirement benefits of about 12,000 members of Asda's pension scheme. Asda did not immediately respond to S&P Market Intelligence's request for comment.
HOUSEHOLD DURABLES AND SPECIALTY RETAIL
* Fnac Darty SA said revenue for the third quarter of 2019 rose 3.7% year over year, or 1.7% on a like-for-like basis, to €1.82 billion, driven by strong growth across all its markets. The omnichannel retailer of cultural and leisure goods, consumer electronics, and household appliances saw double-digit growth in its digital arm, which represented more than 19% of its group revenue.
HOTELS, RESORTS AND CRUISE LINES
* InterContinental Hotels Group PLC reported that group revenue per available room slid 0.8% in the third quarter of 2019, mainly driven by a 6.1% drop in its Greater China segment due to the protests in Hong Kong. RevPAR also declined 0.6% in the Americas but rose 0.2% in the Europe, Middle East, Asia and Africa segment.
CASINOS AND GAMING
* Lottery operator Française des Jeux, or FDJ, received approval from market regulator Autorité des Marchés Financiers to register for an IPO in Paris, Bloomberg News reported, citing a statement from CEO Stephane Pallez. FDJ reportedly did not disclose the size or timing of the offering, which could raise more than €1.5 billion and help French President Emmanuel Macron's privatization drive.
* Retail sales in the U.K. were flat month over month in September, missing market expectations, following a revised decline of 0.3% in August, data from the Office for National Statistics showed. Growth in the food and nonfood sector was balanced by falls in fuel and nonstore retailing, the Office for National Statistics noted.
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The day ahead
Early morning futures indicators pointed to a mixed opening for the U.S. market.
In Asia, the Hang Seng was down 0.48% to 26,719.58, while the Nikkei 225 rose 0.18% to 22,492.68.
In Europe, around midday, the FTSE 100 was up 0.02% to 7,184.10, while the Euronext 100 was down 0.24% to 1,093.13.
On the macro front
The leading indicators report and the Baker-Hughes Rig Count report are due out today.
Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.
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