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...
Estee Lauder to buy fashion label Tom Ford in $2.8 billion deal
Estee Lauder Cos Inc said it agreed to buy U.S. fashion label Tom Ford for $2.8 billion, its biggest deal yet, adding a line of beauty products and apparel to the Clinique brand owner’s portfolio. Luxury companies...
RIL among 16 interested in Future Retail’s IBC assets
Mukesh Ambani’s Reliance Industries is among 16 suitors who have submitted expressions of interest (EoI) to take over Future Retail Ltd, a person aware of the development said. While news reports said the Adani Group...
Gap sells its China business after 12 years
U.S. apparel retailer Gap Inc has agreed to sell its Greater China businesses to Baozun Inc, the e-commerce service provider said on Tuesday, as headwinds persists for global consumer brands in the world’s second...
UK’s Next set to buy British furniture retailer Made.com – Bloomberg News
UK clothing retailer Next Plc is in line to acquire British online furniture retailer Made.com Group which has appointed PwC as its administrator, Bloomberg News reported, citing a person familiar with the matter. Made...
Reliance set to acquire METRO Cash & Carry India in Rs 4,060 crore deal
Reliance Industries is set to acquire German retailer METRO AG’s Cash & Carry business in India in a deal estimated at around 500 million euros (Rs 4,060 crore), industry sources said. The deal includes 31...
Reliance Retail to foray into salon business by acquiring Naturals: Report
Reliance Retail is looking to make deeper inroads into India. The company is in talks to buy a 49 per cent stake in Naturals Salon & Spa, adding the salon business to its portfolio. With this, as reported in...
Aditya Birla fashion unit to buy majority stakes in three brands
TMRW, a wholly-owned unit of Aditya Birla Fashion Retail Ltd, is all set to buy majority stakes in three startups, in what would be its first step towards creating one of India’s largest portfolio of disruptor brands in...
Wipro Consumer Care-Ventures invests in Indonesia based start-up, YOUVIT
Wipro Consumer Care – Ventures, the venture funding arm of Wipro Consumer Care & Lighting has announced its investment in YOUVIT, an Indonesia-based start-up offering nutraceutical and wellness products in...
Metro Brands acquires 100% shareholding of Cravatex Brands
Footwear retail chain Metro Brands has signed a share purchase agreement to acquire 100 per cent shareholding of Cravatex Brands to expand its presence in the sports and athleisure space in India, a regulatory filing...
Russia’s Sistema buys $256 mln stake in Melon Fashion Group after scrapped IPO
Russian telecoms-to-healthcare conglomerate Sistem agreed a $256 million deal for a stake in Melon Fashion Group on Wednesday, months after the retail outlet scrapped plans for an initial public offering (IPO) due to...
