Starbucks Corp said it would sell its Evolution Fresh juice brand to California-based Bolthouse Farms for an undisclosed amount, as the global coffee chain seeks to focus efforts on the growth of its core business...
Aditya Birla Fashion to sell minority stake to private equity firms
The board of Aditya Birla Fashion and Retail is meeting on Tuesday to discuss selling a minority stake to private equity firms to raise up to Rs 2,300 crore. The company will utilise the funds to grow its offline...
Reliance Retail in talks to partner UK’s coffee chain Pret a Manger
Reliance Retail, the retail venture of Reliance Industries, is in talks with UK’s premium coffee and sandwich chain, Pret a Manger, for an exclusive franchise partnership, two people directly aware of the matter...
NCLT grants more time to FRL to reply to BOI plea
The Mumbai bench of the National Company Law Tribunal (NCLT) on Thursday granted more time to Future Retail Ltd (FRL) to file its response to a Bank of India petition seeking to initiate insolvency resolution...
Future’s stake sale in its insurance arm helps banks recover ₹1,266 cr
Banks have recovered a cumulative ₹1,266 crore from Future Enterprises Ltd(FEL) after the group completed the sale of its general insurance business to its Italian partner Assicurazioni Generali S.p.A, in what is a rare...
Chilean Cencosud to buy majority stake in U.S. TFM grocery chain, shares drop
Chilean retail group Cencosud struck a $676 million deal to buy a 67% stake in The Fresh Market (TFM) supermarket chain, its first foray into the U.S. market, although its shares fell nearly 4% on dilution and valuation...
Mondelez plans to sell Trident, Dentyne among other brands
Mondelez International Inc said it plans to sell its chewing gum business, including brands Trident and Dentyne, in developed markets, as well as its Halls cough drop brand, as the company focuses on chocolates and...
Future Retail may not have been in breach of SIAC ruling: High Court
The Delhi High Court observed that Future Retail Ltd (FRL) may not have been in breach of the SIAC’s ruling on account of the February takeover of around 900 Future Group outlets by Reliance Industries (RIL)...
Chile’s Cencosud buys Brazilian supermarket chain for $100 million
Chilean retailer Cencosud said it had signed a deal worth around $100 million to acquire Brazilian supermarket chain GIGA. GIGA, founded in 2009, has 10 shops in Sao Paulo’s metropolitan area and a distribution...
Amazon urges Sebi to probe Future Retail
Amazon has written to the Securities and Exchange Board of India, requesting the regulator to investigate Future Retail Ltd (FRL) for what it alleged “material suppression” and “false...
Delhi HC: Why can’t RIL be made a party to Amazon-Future case?
The Delhi High Court judge hearing half-a-dozen cases in the Amazon-Future Group dispute on Thursday asked why Reliance Industries (RIL) could not be made a party to Amazon’s petition accusing Future Retail of...
Future Lifestyle plans debt restructure pitch
Future Lifestyle Fashion Ltd (FLFL) informed lenders on April 26 that it would soon present a debt restructuring plan, a move aimed at staving off its entry into the bankruptcy process, said two people aware of the...
