Shareholders of Australian apparel retail firms Myer and Premier Investments approved on Thursday the merger of the latter’s apparel brands with Myer, in a deal valued at A$864 million ($541.99 million). More than...
Aditya Birla Fashion to raise $500m via QIP, preferential issue
Aditya Birla Fashion and Retail (ABFRL) on Wednesday said its board has approved raising $500 million (about ₹4,320 crore) through a mix of preferential issuance and Qualified Institutional Placement (QIP) to reduce...
Apollo considering $9.5 bln investment in Seven & I buyout, Bloomberg says
Apollo Global Management is considering investing as much as 1.5 trillion yen ($9.5 billion) in a management buyout of Japan’s Seven & I Holdings, Bloomberg News said on Friday, citing several people with...
Christian Lacroix, French fashion group founded in 1987, bought by Spain’s STL
Spain’s Sociedad Textil Lonia (STL) is to buy French fashion house Christian Lacroix for an undisclosed sum, the company said on Tuesday. Christian Lacroix, founded in 1987 by the namesake designer known for his...
Trump backer Omeed Malik’s SPAC to merge with retailer GrabAGun in $150 million deal
U.S. President-elect Donald Trump’s donor Omeed Malik’s blank-check firm will merge with GrabAGun, an online retailer of firearms, ammunition and gun accessories, in a deal valued at $150 million, the...
KKR considering selling Japan’s Seiyu supermarket, Nikkei says
U.S. private equity fund KKR is considering selling supermarket chain Seiyu in a deal that could worth several hundred billion yen (several billion dollars), the Nikkei business daily reported on Tuesday. The bidding...
KKR and Bain each bid more than $5 bln for Seven
Private equity firms KKR and Bain Capital each offered more than $5 billion in first-round bids for the non-core assets of Japan’s Seven & i Holdings, according to people familiar with the matter. KKR offered...
Nordstrom family will take retailer private in $4 bln deal
The Nordstrom family teamed up with Mexican retailer Liverpool to clinch a $4 billion deal to take iconic department store chain Nordstrom private, six years after a similar attempt fell short. Nordstrom and rivals such...
Alibaba to sell department store chain Intime for $1 bln
Alibaba Group said on Tuesday that it will sell its department store unit Intime to a consortium comprising of textiles firm Youngor Fashion and some of Intime’s management for 7.4 billion yuan ($1.02 billion)...
Kroger’s $25-bln deal for grocery rival Albertsons blocked by US courts
A U.S. judge blocked the pending $25-billion merger of U.S. grocery chains Kroger KR.N and Albertsons on Tuesday, in a win for the Federal Trade Commission that Kroger has said would likely scuttle the deal. The FTC...
Russian retailer Lenta acquires pharmacy chain for undisclosed sum
Russian supermarket chain Lenta on Monday said it had acquired Russia’s second-largest chain of pharmacy stores for an undisclosed sum, adding over 1,500 stores to Lenta’s portfolio and giving the company a...
Mexican retailer Elektra to propose going private
Mexican retailer Grupo Elektra on Wednesday called a shareholders’ meeting in which it will propose privatizing the company, which would make it the latest to exit Mexico’s main stock exchange. Trading in...
