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...
French retailer Casino selling down stake in Brazil’s Assai
Casino launched a sale of shares in Brazilian supermarket chain Assai as the French supermarket operator presses on with cutting its debt. Casino said it would be selling 12.9% of Assai’s share capital...
NCLT allows insolvency plea against Future Enterprises
A Mumbai bankruptcy court acted on a petition by a trade creditor and began corporate insolvency proceedings against Future Enterprises (FEL). The National Company Law Tribunal (NCLT) has appointed Jitendra Kothari as...
Marico, RP differ over FRL insolvency
Consumer products company Marico moved the National Company Law Tribunal (NCLT) seeking its intervention in admitting its claims as part of Future Retail’s corporate insolvency resolution process. Rishabh Jaisani, the...
Future Retail RP to move court against promoters
The resolution professional managing the insolvency of Kishore Biyani’s flagship Future Retail Ltd will petition the National Company Law Tribunal (NCLT), alleging lack of cooperation from the company’s promoters and...
Britain’s Tesco buys Paperchase stationery brand
Britain’s biggest supermarket group Tesco said it had purchased the Paperchase brand and related intellectual property after the stationery and gifts retailer fell into administration. Tesco will not, however, be...
Sephora, RIL call off retail deal
Sephora and Reliance Retail Ltd have abandoned talks to form a retail partnership for the Indian market with the French multi-brand beauty products chain deciding to continue with its existing alliance with Arvind...
Reliance Retail acquires footwear retailer V Retail
Reliance Retail has acquired Telangana and Andhra Pradesh-based footwear and apparel retailer V Retail Pvt Ltd, which operates a retail chain under the brand name ‘Centro Style’. V Retail operates 32 Centro...
Ghodawat Consumer buys packaged foods brand To Be Honest
Ghodawat Consumer Ltd., the consumer goods arm of Sanjay Ghodawat Group that retails home and personal care products, staples, and snacks, has acquired packaged foods brand, To Be Honest, to strengthen its premium...
NCLT admits insolvency plea against Future Supply Chain Solution
The National Company Law Tribunal (NCLT) on Friday admitted the insolvency plea filed against Future Supply Chain Solutions Ltd (FSCSL). Future Supply Chain Solutions Ltd (FSCSL), a part of Future Group firm, in a...
