Reliance Industries on Friday transferred its entire 100% stake in Reliance Projects & Property Management Services Ltd (RPPMSL) to Reliance Retail. With this transfer, RPPMSL has ceased to be a wholly owned...
South Africa’s Pepkor to buy Retailability adult clothing businesses
South Africa’s Pepkor said on Tuesday it will buy fashion businesses Legit, Swagga and Style and homewares brand Boardmans from privately owned retail group Retailability, as part of its expansion into the adult...
Fast-fashion retailer Forever 21 files for bankruptcy
Fast-fashion retailer Forever 21’s U.S. operating company on Sunday filed for Chapter 11 bankruptcy for the second time in six years, hamstrung by dwindling mall traffic and mounting competition from online...
Couche-Tard Rules Out Hostile Takeover on Japan’s Seven & i
Canadian convenience store and gas station operator Alimentation Couche-Tard Inc. said it won’t go hostile in its attempt to acquire long-time rival Seven & i Holdings Co. Couche-Tard’s top executives are in Tokyo...
Couche-Tard rejects Seven & i’s antitrust concerns over $47 billion takeover bid
Canada’s Alimentation Couche-Tard on Tuesday said it is confident there is a “clear path” to overcome U.S. regulatory hurdles in its proposed $47 billion acquisition of Japan’s Seven & i, and...
Seven & i likely to sell non-core business shares to Bain for $4.7 bln, Bloomberg says
Seven & i Holdings is likely to sell most of its non-core business holding company shares to Bain Capital for more than 700 billion yen ($4.69 billion), Bloomberg News reported on Wednesday citing people familiar...
Swedish food retailer ICA Gruppen sells Baltic business in $1.4 billion deal
Swedish grocery retailer ICA Gruppen said on Wednesday it would sell its Baltic subsidiary to Denmark’s biggest supermarket operator Salling Group in a deal worth 1.3 billion euros ($1.38 billion), excluding debt...
Seven & i Holdings picks Bain as preferred buyer in asset sale, media say
Japan’s Seven & i Holdings, operator of the 7-Eleven convenience store chain, has picked Bain Capital as its preferred buyer for a stake of its non-core assets, local media reported on Saturday. Bain has been...
C&S Wholesale Grocers nears deal to buy Winn-Dixie stores, sources say
A group led by C&S Wholesale Grocers is closing in on a deal to buy nearly 350 Winn-Dixie grocery and liquor stores from German discount chain Aldi’s U.S. unit, according to people familiar with the matter...
L’Oreal to sell $3.1 billion stake in Sanofi back to pharma group
L’Oreal will sell part of its stake in Sanofi back to the French pharmaceutical company for 3 billion euros ($3.11 billion), bolstering its balance sheet while the beauty industry is undergoing a slowdown. The deal will...
Shareholders of Australian apparel retailers Myer, Premier approve merger
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...
