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...
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...
