The market brief: Retail M&A 2026

In this report:
  • Why identical valuation multiples bought completely opposite assets in the same 12 month
  • The 4 asset types attracting strategic buyers, from vertical integration to scale consolidation
  • Why traditional sector classification matters less than company-specific resilience
  • What the recent SkinKandy and GYG listings reveal about public investor appetite

Decode the Retail M&A market: What are acquirers actually paying for?

Retail deal volume fell 31%—but the market isn’t slow, it’s highly disciplined.

As macro pressures mount—with a 4.35% RBA cash rate, 4.2% inflation, and mandatory ACCC merger laws—the bar for a fundable transaction has never been higher. Yet, the raw data hides a fascinating paradox: two major 2025 acquisitions closed at nearly identical valuation multiples, but what the buyers actually walked away with couldn’t have been more different.

What separates the assets commanding a premium from those facing severe valuation pressure?

Find out in our latest e-book.

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