Woolworths is selling its Australian David Jones unit to a private equity fund, Anchorage Capital Partners, finally walking away from the upmarket department chain after years of underperformance. The South African food...
Indonesia’s GoTo sells $96 mln stake in retailer Alfamart
Indonesia’s PT GoTo Gojek Tokopedia said it has sold its stake in local retailer Alfamart worth 1.5 trillion rupiah ($96.03 million), days after the tech firm announced its strategy to focus on accelerating...
Fashion retailer Boohoo raises stake in Revolution Beauty
British makeup group Revolution Beauty on said online fashion retailer Boohoo had become its largest shareholder after earlier naming company insider Bob Holt as its new chief executive. Boohoo, in a statement...
13 companies enter in final list of prospective buyers for FRL
Reliance Retail, Adani Group’s JV April Moon Retail and 11 other companies have made it to the final list of prospective bidders for acquiring debt-ridden Future Retail Ltd. These companies have been included in...
Future Group’s plea for termination of arbitration proceedings rejected by Delhi HC
Future Group’s plea for termination of arbitration proceedings has been dismissed by the Delhi HC. The proceedings had been initiated by Amazon at the Singapore International Arbitration Court (SIAC). The...
Future Retail case: Amazon moves SC seeking restart of arbitration proceedings
In a new development in the tussle over Future Retail, Amazon has moved the Supreme Court for allowing arbitration proceedings to restart at the Singapore International Arbitration Centre (SIAC). Representing Amazon NV...
RIL, Nykaa eye promoter stake in TCNS
Reliance Retail, Nykaa, Aditya Birla Fashion and Trent Ltd, as well as private equity investors such as TPG Capital and Advent International, have shown interest in buying TA Associates’ 29.24% stake in TCNS Clothing...
Estee Lauder to buy fashion label Tom Ford in $2.8 billion deal
Estee Lauder Cos Inc said it agreed to buy U.S. fashion label Tom Ford for $2.8 billion, its biggest deal yet, adding a line of beauty products and apparel to the Clinique brand owner’s portfolio. Luxury companies...
RIL among 16 interested in Future Retail’s IBC assets
Mukesh Ambani’s Reliance Industries is among 16 suitors who have submitted expressions of interest (EoI) to take over Future Retail Ltd, a person aware of the development said. While news reports said the Adani Group...
Gap sells its China business after 12 years
U.S. apparel retailer Gap Inc has agreed to sell its Greater China businesses to Baozun Inc, the e-commerce service provider said on Tuesday, as headwinds persists for global consumer brands in the world’s second...
UK’s Next set to buy British furniture retailer Made.com – Bloomberg News
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...
