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...
Online marketplace LimeRoad to be acquired by fashion retailer V-Mart
In a regulatory filing, fashion retailer V-Mart announced that it would be acquiring online marketplace LimeRoad in a bid to expand its online presence. The company has signed a “business transfer agreement with A...
Metro AG will sell its India business only if it gets the desired valuation
German wholesaler Metro AG will sell its India business only if it gets the desired valuation, failing which it could continue running the business with a minority stake sale to private equity (PE) investor, said two...
Reliance said to be sole bidder For Metro’s India business
Reliance Industries Ltd. is in advanced discussions to acquire German firm Metro AG’s wholesale operations in India, according to people familiar with the matter, as the conglomerate led by billionaire Mukesh Ambani...
U.S. grocer Kroger in talks to merge with rival Albertsons – sources
U.S. grocery company Kroger Co is in talks to merge with smaller rival Albertsons Companies Inc in a tie-up that would create a supermarket titan, people familiar with the matter said. The merger of the nation’s No. 1...
Future Retail’s resolution professional wants EoIs submitted by October 20
The resolution professional of Future Retail Ltd (FRL) has invited ‘expression of interest’ from prospective buyers under the ongoing Corporate Insolvency Resolution Process (CIRP). All interested and...
Reliance Retail set to acquire Kerala’s Bismi
Reliance Retail is close to acquiring Kerala’s leading electronics and grocery retail chain, Bismi which runs 30 large format stores in the state with a mix of electronic and hypermarket formats. Reliance is in...
Apollo Global eyes legal route against Future Group
New York-based private equity firm Apollo Global Management has opened a new front in its battle with Kishore Biyani’s insolvent retail operations, over the sale of assets involving the Future Group’s listed arm Future...
Future Lifestyle faces 3 insolvency petitions, NCLT reserves order in one
Debt-ridden Future Lifestyle Fashions Ltd (FLFL) is facing three petitions before the NCLT from its creditors to initiate insolvency proceedings and one of them has been reserved for orders, the Future Group firm said...
Future Lifestyle seeks members’ nod for sales of assets to pare debt
Future Lifestyle Fashions Ltd (FLFL) is seeking the consent of its members for the sale of in-store retail infra-assets, which will be used for repayment of debt and other operational liabilities. The Future group firm...
Reliance Retail to invest in Big Cola, Aakash Namkeen
After completing the acquisition of soft drink brand Campa, Reliance Retail is looking to add more fast-moving consumer goods brands to its portfolio. The company is expected to sign a joint venture agreement with AJE...
