Reliance Retail, the country’s leading retailer, has added beverage brand Raskik and candy brand Toffeeman to its portfolio through acquisition as part of its expansion drive into the FMCG segment. Besides, the...
Bed Bath & Beyond prepares for bankruptcy filing -WSJ
Bed Bath & Beyond Inc is preparing to file for bankruptcy as early as this weekend, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Shares of the company tumbled nearly 23% to...
NCLT grants 90 days extension to Future Retail for concluding insolvency
The NCLT has granted Future Retail Ltd (FRL) an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of the company. Allowing FRL’s plea the Mumbai bench of the National Company...
Walmart to sell menswear brand Bonobos to Express, WHP Global for $75 million
Walmart Inc is selling menswear brand Bonobos to Express Inc and WHP Global for $75 million, a far lower price than what it paid nearly six years ago. Bonobos, which Walmart acquired for $310 million in June 2017, sells...
Future Retail’s creditors seek 90 days extension for concluding insolvency resolution process
Lenders of debt-ridden Future Retail Ltd (FRL) has sought an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of the company. The resolution professional of FRL has filed an...
Reliance Retail, Jindal Power among 49 companies to submit EoIs for Future Retail
Debt-ridden Future Retail Ltd has released a provisional list of eligible prospective resolution applicants, which have submitted their expression of interest to submit a resolution plan. Reliance Retail, WHSmith Travel...
Australia’s Viva Energy spends $777 mln on convenience store deal
Australian fuel supplier Viva Energy Group Ltd shares shot to a record high on Wednesday after it said it would pay A$1.15 billion ($777 million) for a convenience store chain, as a strong start to 2023 for corporate...
Vietnam’s Vincom Retail in stake sale talks with strategic investors – sources
Vietnam’s largest conglomerate, Vingroup, is in discussions to sell a stake in its shopping mall arm as it seeks to bring in strategic investors, five sources told Reuters on Wednesday. Vincom Retail...
UK’s Next buys troubled retailer Cath Kidston for $10.5 mln
British clothing retailer Next Plc said on Tuesday it has bought struggling retailer Cath Kidston from its administrators for 8.5 million pounds ($10.49 million). The cathkidston.com domain will be licenced back to the...
Ritchie Bros completes $7 billion IAA acquisition
Canada’s Ritchie Bros Auctioneers Inc said on Monday it had completed the acquisition of U.S. auto retailer IAA Inc, weeks after two proxy advisory firms urged shareholders to reject the $7 billion deal. The...
Reliance Retail gets CCI nod to acquire Metro Cash and Carry
Competition watchdog Competition Commission of India (CCI) approved the acquisition of Metro Cash and Carry by Reliance Retail Ventures, said an official press release. Through the proposed acquisition, Reliance Retail...
CCI clears Reliance’s $344 million buy of Metro’s local business
India’s competition regulator said on Tuesday that it has cleared Reliance Industries Ltd’s 28.50 billion rupees ($346.16 million) acquisition of the Indian business of German retailer Metro AG. The deal...
