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...
France’s InVivo to buy one of the world’s oldest malthouses in Belgium
Malteries Soufflet, a branch of French agribusiness group InVivo, said it had signed an agreement to take over Belgian malthouse Castle Malting, one of the oldest producers of the beer ingredient in the world. When...
Sheela Foam to acquire rival mattress maker Kurlon for Rs 2,000 crore, says report
India’s largest mattress manufacturer Sheela Foam will reportedly soon acquire competitor Kurlon for Rs 2,000 crore to further expand its footprint, ET Now reported citing unnamed sources. Kurlon sells Kurl-on...
Reliance acquires Metro AG’s India business for Rs 2,850 crore
Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd, on Thursday signed definitive agreements to acquire 100 percent equity stake in Metro Cash and Carry India Pvt Ltd, which operates under...
