Italy’s government has given its conditional approval to Chinese e-commerce giant JD.com’s takeover of German electronics retailer Ceconomy, a parliamentary document showed on Thursday. Using its so-called...
RPSG Ventures to acquire 40% of FSP Design for ₹455 crore in luxury push
Sanjiv Goenka’s RPSG Ventures has approved a deal to acquire 40 per cent of luxury fashion label FSP Design at an enterprise value of Rs 455.17 crore with a cash consideration. The company will also have the option to...
South Africa’s Pepkor completes $98 million acquisition of Retailability brands
South African retailer Pepkor has acquired several fashion brands from privately-owned Retailability, it said on Tuesday, as part of its push into the adult clothing market. The Cape Town-based Pepkor has been growing...
SBI Life Insurance, Aditya Birla MF, others buy 6% stake in AB Lifestyle Brands for Rs 998 cr
SBI Life Insurance, Aditya Birla MF, Morgan Stanley, Goldman Sachs, and other entities have cumulatively acquired over 7.31 crore shares, representing a 6 per cent stake, in Aditya Birla Lifestyle Brands from Flipkart...
Flipkart to offload entire stake in Aditya Birla Lifestyle via Rs 950 crore block deal
Flipkart Investments is set to exit its entire 6% stake in Aditya Birla Lifestyle Brands Ltd (ABLB) through block deals worth around Rs 950 crore, according to a CNBC Awaaz report. The sale will involve 7.3 crore shares...
NCLAT sets aside Future Consumer’s plea for insolvency against Aussee Oats
Appellate Tribunal NCLAT has set aside an appeal by Future Consumer Ltd (FCL) seeking to initiate insolvency against Aussee Oats Ltd. A two-member NCLAT bench has upheld the orders of the Mumbai bench of the National...
Dick’s Sporting Goods completes $2.4 billion Foot Locker deal
Footwear retailer Dick’s Sporting Goods said on Monday it had completed its $2.4 billion acquisition of Foot Locker. The deal gives Dick’s a stronger foothold in the sneaker market with over 3,200 stores and...
Star Localmart acquires Bengaluru-based DusMinute to expand footprint
Star Localmart, the retail arm of Sanjay Ghodawat Group (SGG), on Monday said it has acquired Bengaluru-based retail chain DusMinute, which operates in gated communities, for an undisclosed amount. This acquisition will...
McDonald’s to sell 8 Hong Kong retail spaces valued at $153 million, JLL says
McDonald’s Corp is planning to sell eight prime retail properties in Hong Kong with a total market value of around HK$1.2 billion ($152.89 million), JLL, which has been appointed as the sole agent of the sale...
LVMH in talks to offload fashion label Marc Jacobs, sources say
French luxury goods group LVMH is in discussions with multiple buyers to offload its fashion label Marc Jacobs, people familiar with the matter told Reuters on Friday. The Bernard Arnault-led company has been holding...
Ceconomy confirms it is in advanced talks with China’s JD.com
German electronics retailer Ceconomy confirmed on Thursday it was in advanced negotiations over a potential takeover by China’s JD.com at 4.60 euros per share. Bloomberg had earlier reported that JD.com was...
Udaan acquires retail tech startup ShopKirana for $88.5 million in stock
Business-to-business (B2B) grocery delivery platform Udaan said on Friday that it agreed to acquire 100% stake in retail tech startup ShopKirana in an all-stock deal. A press release from Udaan did not provide details...
