William Penn, a multi-brand retailer and distributor of writing instruments and accessories, said it has acquired Sheaffer, a 110-year-old iconic American brand, particularly known for its premium fountain pens. The...
Nykaa buys digital lifestyle platform Little Black Book
Online fashion retailer Nykaa has agreed to acquire digital lifestyle guide Little Black Book for an undisclosed sum. Nykaa, run by FSN E-commerce Ventures Ltd, will acquire the content-led shopping platform in an all...
Sebi orders forensic audit of Future Retail’s financials
The Securities and Exchange Board of India (Sebi) has ordered a forensic audit of the financials of Future Retail, the company told the stock exchange on Thursday. Future Consumer, a subsidiary, said Sebi has written to...
ITC exits lifestyle retailing business
FMCG major, ITC has exited its lifestyle retailing business. The decision was made after a strategic review of its business portfolio. In June this year, ITC’s chairman hinted at key changes in the lifestyle...
Estee Lauder in talks to acquire Tom Ford brand – WSJ
Cosmetics maker Estee Lauder Cos Inc is in talks to acquire luxury brand Tom Ford in what could be a $3 billion deal, the Wall Street Journal reported on Monday, citing people familiar with the matter. The potential...
JD Sports sells Footasylum to Germany’s Aurelius for 45 mln euros
Britain’s largest sportswear retailer JD Sports Fashion will sell Footasylum to German asset management firm Aurelius Group for an enterprise value of about 45 million euros ($46 million), the company said on...
Amazon files plea in SC against NCLAT ruling in Future case
Amazon India on Friday filed a petition before the Supreme Court challenging the National Company Law Appellate Tribunal’s ruling that upheld the Competition Commission of India’s order suspending the US...
H&M to sell Russian business to local or foreign company – ministry
H&M, the world’s second-biggest fashion retailer, has decided to sell its assets in Russia, the Russian Ministry of Industry and Trade said on Thursday. The potential buyer could be a Russian company or an...
Three Future group firms to file claims before FRL’s interim resolution professional
Three listed Future group firms will file their claims before the Interim Resolution Professional (IRP) of Future Retail Ltd (FRL), against which insolvency proceeding has been initiated by NCLT earlier this week. The...
NCLT admits plea for insolvency proceedings against Future Retail
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday admitted Bank of India’s petition to initiate corporate insolvency resolution proceedings against Kishore Biyani led-Future Retail Ltd (FRL)...
UK’s JD Sports in talks to sell Footasylum to Aurelius Group – Sky News
JD Sports Fashion Plc, Britain’s largest sportswear retailer, was in exclusive talks to sell Footasylum to German asset management firm Aurelius Group, a Sky News reporter said in a tweet on Wednesday...
Footwear brand Plaeto raises funds from Florintree, others
Bengaluru-based Plaeto, a D2C footwear brand for children, has raised Rs40 crore in a Series A round of funding led by former Blackstone India private equity co-head Mathew Cyriac’s Florintree Advisors and other...
