Retail, the retail arm of Reliance Industries, is in talks with London-based luxury gourmet, gifting and hospitality retail chain Fortnum & Mason for an exclusive partnership for India, two executives directly aware...
Mukesh Ambani, Jeff Bezos to bid for German retailer Metro AG’s India operations
Charoen Pokphand Group and Reliance Industries are among suitors for German retailer Metro AG’s wholesale operations in India, according to people familiar with the matter, as the companies seek to deepen their retail...
LVMH’s Sephora to sell its Russian subsidiary
LVMH’s retail beauty brand Sephora is selling its Russian subsidiary to the local general manager of the chain, the French company said on Monday, joining a flood of Western businesses leaving the country...
Future Enterprises offers one-time settlement via sale of assets
Future Enterprises has offered a one-time settlement (OTS) to lenders, indicating a 46% recovery for secured creditors, said people with knowledge of the matter. In all, the Kishore Biyani-promoted company is proposing...
Softbank’s Fortress offers $1.5 bln to buy Japan’s Sogo & Seibu – Nikkei
Softbank-owned Fortress Investment Group has offered around 200 billion yen ($1.48 billion) to buy Japanese department store unit Sogo & Seibu from parent Seven & I Holdings, Nikkei reported on Sunday, citing...
Kohl’s terminates sale talks with Franchise Group – CNBC
Kohl’s Corp is terminating talks to sell the U.S. department store chain to Vitamin Shoppe operator Franchise Group, CNBC reported, citing two people familiar with the matter. The report, however, did not...
L Catterton to sell fashion brand Ganni for up to $700 mln – sources
Private equity firm L Catterton is selling Danish fashion brand Ganni in a deal that could fetch up to $700 million, two people with knowledge of the situation told Reuters. The firm has hired boutique investment bank...
SIAC dismisses Future Group’s plea to terminate arbitration proceedings
The Singapore International Arbitration Centre (SIAC) has dismissed Future Group’s plea to terminate the arbitration proceedings between the Kishore Biyani-led firm and Amazon. The order said that there is no ground for...
Reckitt weighs shelving infant nutrition unit sale – Bloomberg News
Britain’s Reckitt Benckiser Group is considering if it should shelve the sale of its infant nutrition unit, as high-profile deals fall victim to a worsening financing market, Bloomberg News reported. Talks between...
Future Retail: NCLT reserves order on Amazon petition against BoI’s insolvency proceedings plea
The National Company Law Tribunal (NCLT) reserved its order on the petition filed by Amazon opposing Bank of India’s plea to initiate insolvency resolution proceedings against debt-ridden Future Retail Ltd(FRL)...
Edelweiss in talks to sell Future Lifestyle’s Cover Story to Reliance Retail
Future Lifestyle Fashions Ltd (FLF) lender Edelweiss is in the final stages of negotiations with Reliance Retail to sell fast-fashion brand Cover Story for Rs 200 crore while the Kishore Biyani-owned retail firm is in...
Will continue to look for acquisition opportunities, says Tata Consumer chairman N Chandrasekaran
Tata Consumer Products Ltd will continue to look for the right acquisition opportunities in different categories to fuel its growth, the company’s chairman N Chandrasekaran said on Monday. Responding to...
