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...
Mensa acquires MensXP, iDiva, and Hypp from Times Internet
Mensa Brand Technologies Private Limited, which owns a clutch of direct-to-consumer companies under Mensa Brands, has partnered with India Lifestyle Network to acquire lifestyle portals MensXP, iDiva, and creator...
Promoter Reliance Retail to sell 2% stake in Just Dial
Promoter Reliance Retail Ventures plans to sell 2% stake in Just Dial through the open market by the end of this month in order to comply with regulatory requirements. Promoter and promoter group entities together hold...
South Africa’s Woolworths to sell Australia’s David Jones
Woolworths is selling its Australian David Jones unit to a private equity fund, Anchorage Capital Partners, finally walking away from the upmarket department chain after years of underperformance. The South African food...
Indonesia’s GoTo sells $96 mln stake in retailer Alfamart
Indonesia’s PT GoTo Gojek Tokopedia said it has sold its stake in local retailer Alfamart worth 1.5 trillion rupiah ($96.03 million), days after the tech firm announced its strategy to focus on accelerating...
Fashion retailer Boohoo raises stake in Revolution Beauty
British makeup group Revolution Beauty on said online fashion retailer Boohoo had become its largest shareholder after earlier naming company insider Bob Holt as its new chief executive. Boohoo, in a statement...
13 companies enter in final list of prospective buyers for FRL
Reliance Retail, Adani Group’s JV April Moon Retail and 11 other companies have made it to the final list of prospective bidders for acquiring debt-ridden Future Retail Ltd. These companies have been included in...
Future Group’s plea for termination of arbitration proceedings rejected by Delhi HC
Future Group’s plea for termination of arbitration proceedings has been dismissed by the Delhi HC. The proceedings had been initiated by Amazon at the Singapore International Arbitration Court (SIAC). The...
Future Retail case: Amazon moves SC seeking restart of arbitration proceedings
In a new development in the tussle over Future Retail, Amazon has moved the Supreme Court for allowing arbitration proceedings to restart at the Singapore International Arbitration Centre (SIAC). Representing Amazon NV...
RIL, Nykaa eye promoter stake in TCNS
Reliance Retail, Nykaa, Aditya Birla Fashion and Trent Ltd, as well as private equity investors such as TPG Capital and Advent International, have shown interest in buying TA Associates’ 29.24% stake in TCNS Clothing...
