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...
Central Bank files a personal insolvency case against Biyanis
State-owned Central Bank of India has opened a new front to recover dues from the Biyanis, promoters of the debt-laden retail conglomerate Future Group that is facing bankruptcy proceedings. The bank has filed a...
Reliance retail arm acquires control of Insight Cosmetics
Reliance Retail Ventures Ltd (RRVL) has bought a controlling stake in makeup and personal care brand Insight Cosmetics, said two people aware of the deal, marking the entry of the billionaire Mukesh Ambani-owned company...
Korean cosmetic giant Amorepacific to buy U.S. luxury skincare brand Tata Harper
South Korea-based personal products maker Amorepacific Corp will buy Natural Alchemy LLC, which operates the luxury beauty brand Tata Harper, as part of a strategic push to tap into the growing North American market...
Bank of India initiates bankruptcy process against Future’s fashion unit
A lead lender to India’s Future Lifestyle has dragged the fashion retailer to bankruptcy, the company told the stock exchange on Monday, adding that it was seeking legal advice on the matter. Future Lifestyle said...
Debt-ridden Future Enterprises faces second plea to initiate insolvency
Debt-ridden Future Enterprises Ltd is now facing a second plea filed by an operational creditor of the company before National Company Law Tribunal to initiate insolvency proceedings. The latest petition is filed...
Mobile World plans stake sale of $1.5 bln Vietnamese grocery unit
Vietnam’s Mobile World Investment Corp said it has hired an adviser to explore the sale of up to 20% of its Bach Hoa Xanh grocery chain in a deal sources familiar with the matter said would value the business at...
Future Retail creditors file claims worth Rs 21,324 cr before IRP
Creditors of Future Retail Ltd have submitted claims worth Rs 21,324.18 crore against the debt-ridden company presently facing an insolvency resolution process. The financial creditors of the companies, which mainly...
