France’s Accor SA has bid A$1.18 billion ($920 million) for Mantra Group Ltd – a deal that would combine the two biggest hotel owners in Australia and seek to capitalize on surging tourism in the country. Accor...
Provenance Land to raise Rs1,000 crore from private equity funds
Provenance Land Pvt. Ltd, which has built Four Seasons and Hyatt Regency hotels in India, is planning to raise around Rs1,000 crore from private equity funds, a top company executive said. Most of this money will be...
Japan’s Genki Sushi, Sushiro to merge: source
The owner of Japanese restaurant chain Genki Sushi Co (9828.T) will buy a one-third stake in bigger rival Sushiro Global Holdings Ltd (3563.T) from private equity firm Permira [PERM.UL], a person with direct knowledge...
Fight for market: McDonald’s moves Delhi High Court against Vikram Bakshi
Opening up a new front in its battle with estranged partner Vikram Bakshi, McDonald’s India Pvt Ltd (MIPL) filed an application in the Delhi High Court on Monday pressing for enforcement of the September 13 order of the...
Jiggs Kalra’s Massive Restaurants in talks with Gaja Capital to raise Rs80-100 crore
Massive Restaurants Pvt. Ltd, owned by celebrity food writer and chef Jiggs Kalra and his son Zorawar, is in talks with private equity fund Gaja Capital to raise about Rs80-100 crore to meet its expansion plans...
Only two potential bidders for Sahara’s Rs 37,000-cr Aamby Valley auction
Only two potential bidders are believed to have shown initial interest for embattled Sahara group’s super luxurious Aamby Valley resort town, which has been put up for a Supreme Court ordered auction by the...
London court wants experts to value Bakshi’s stake in McDonald’s
The London Court of International Arbitration has directed the appointment of experts to determine a fair and mutually agreeable valuation of the shares held by Vikram Bakshi in an equal joint venture with McDonald’s so...
NCLAT hearing today to decide fate of McDonald’s employees
The fate of 169 McDonald’s restaurants and its 6,500 employees hangs in the balance as the National Company Law Tribunal (NCLT)-appointed administrator has asked McDonald’s India and its estranged joint venture partner...
McDonald’s gets NCLT notice, will 169 India outlets face closure today?
The National Company Law Tribunal’s (NCLT) principal bench has issued a show-cause notice to fast food chain McDonald’s, for not following an earlier order that it should not interfere in the running of outlets given on...
No final pact with anyone to sell Chennai hotel: Hotel Leela
Hotel Leelaventure today said there is no final agreement with any party to sell its Chennai hotel, though negotiations are on to sell the property in coordination with JM FinancialBSE 0.86 %. The company has already...
Middle East giant in talks to buy Sahara’s billion-dollar US hotels
Embattled Sahara group is in talks with a large Middle-Eastern enterprise for sale of its majority stake in two prime New York hotels — including the iconic Plaza which was once owned by Donald Trump —...
Sahara group hires JLL for Plaza hotel sale: Report
Embattled Sahara group has roped in real estate consultancy major JLL for finding a buyer for its iconic Plaza hotel in the US which can fetch a valuation of over $500 million, a media report said today. The Wall Street...
