Reliance Retail, Thailand’s largest conglomerate Charoen Pokphand (CP) Group and food and grocery delivery platform Swiggy are competing with PremjiInvest, the investment fund managed by the family office of Indian tech...
France’s Amethis sells Kenyan retailer stake to Mauritius-based IBL
France’s Amethis investment fund said it will sell its stake in Kenyan general retailer Naivas to Mauritius-based IBL Group. Amethis bought a stake in Naivas for an undisclosed amount in 2020. A source with...
Amazon faces uphill battle with Future Retail insolvency, say legal experts
Amazon’s efforts to oppose Bank of India’s move to initiate corporate insolvency resolution proceedings against debt-laden Future Retail Ltd will be an uphill task, experts said. The National Company Law Tribunal (NCLT)...
Franchise Group mulls lowering bid for Kohl’s closer to $50 per share – CNBC
Franchise Group is considering lowering its bid for department store chain Kohl’s Corp to closer to $50 per share from about $60 apiece, CNBC reported on Wednesday, citing a source familiar with the deal talks...
Mondelez to buy energy bar maker Clif Bar for about $3 billion
Mondelez International Inc said it will buy energy bar maker Clif Bar & Company for $2.9 billion to expand its global snack bar business. The Cadbury maker will also pay additional amounts to the sellers depending...
Amazon-Future Coupons case: NCLAT upholds CCI order, directs e-commerce giant to pay Rs 200 crore
In a blow to Amazon, the NCLAT has upheld the Competition Commission of India’s (CCI) order suspending the deal between the global e-commerce giant and Future Coupons. A two-member bench comprising Justice M...
Future Retail case: NCLT to continue hearing Amazon’s plea on June 14
The National Company Law Tribunal (NCLT) has adjourned till June 14 hearing of Amazon’s petition opposing the initiation of insolvency proceedings against debt-ridden Future Retail Ltd. After hearing the arguments...
Kohl’s in exclusive talk with Ohio-based franchise group for $8 billion deal
Kohl’s company has been into specific talks with Franchise Group retail holding company, which wants to purchase the store for $60 per share. Kohl’s would be valued at about $8 billion at such a price...
Future Retail: NCLT to hear Amazon’s plea opposing insolvency proceedings on June 10
The National Company Law Tribunal (NCLT) will hear Amazon’s petition opposing initiation of insolvency resolution proceedings against debt-ridden Future Retail Ltd on June 10. A plea seeking initiation of...
Franchise Group enters exclusive talks over Kohl’s sale
Kohl’s Corp has entered exclusive negotiations with retail store operator Franchise Group Inc over a potential sale of the department store chain, valuing it at nearly $8 billion, the companies said late on Monday...
Britain’s Frasers buys Missguided for $25 mln
British sportswear and fashion group Frasers has acquired online women’s fashion retailer Missguided out of administration, it said on Wednesday. The group, formerly called Sports Direct and controlled by Mike...
Aditya Birla Fashion to raise ₹2,195 cr from GIC
Aditya Birla Fashion and Retail Ltd (ABFRL) will sell a 7.5% stake to GIC, Singapore’s sovereign wealth fund, to raise up to ₹2,195 crore to expand its presence in the branded apparel market. The plan, approved by the...
