Ted Baker is open to selling itself at the right price after seeing a flurry of takeover interest, the British fashion retailer said on Monday in the wake of a robust rebound from the pandemic. Ted Baker launched a...
HC: NCLT can be allowed to continue with Future asset sale proceedings
The Delhi High Court said on Wednesday it could allow the National Company Law Tribunal (NCLT) to continue with its proceedings in Future Retail’s application seeking approval for the scheme of arrangements to...
Bankers decide to refer Future Retail to NCLT
Lenders led by Bank of India last week decided to refer Future Retail Ltd (FRL) to the National Company Law Tribunal (NCLT) for insolvency proceedings over recovery of dues, said two people aware of the development, a...
Reliance Brands buys Sunglass Hut’s India franchisee rights, stores
Reliance Brands has acquired the India franchisee rights and the existing network of stores of Sunglass Hut from DLF Brands, according to two people familiar with the development. Sunglass Hut, owned by Italy’s...
Reliance Retail Ventures acquires 89% stake in Clovia for Rs 950 crore
Reliance Retail Ventures (RRVL) has acquired 89 per cent equity stake in Purple Panda Fashions, which owns and operates the Clovia business, an industry leader in the bridge-to-premium intimate wear category, with an...
Amazon closes $8.5-bn MGM deal after regulators decline to oppose It
Amazon.com Inc. said it closed the $8.5 billion acquisition of film studio Metro-Goldwyn-Mayer after regulators declined to challenge the deal, cementing the company’s biggest takeover in five years. The closing...
Private equity firm Sycamore weighs bid for fashion chain Ted Baker – Sky News
U.S. private equity firm Sycamore Partners is weighing a takeover bid for the British fashion retailer Ted Baker, Sky News reported on Thursday. Sycamore was considering making a formal approach, the report said, adding...
Would take steps for value adjustments, reversal of takeover of stores by Reliance, says FRL
Future Retail Ltd (FRL) on Wednesday said it is “committed” to reversal of takeover of its stores by Reliance Retail and will take all such action as may be necessary to seek value adjustments. The Kishore...
Hudson’s Bay bidding for Kohl’s – source
Canadian department store chain Hudson’s Bay Co is bidding for American peer Kohl’s Corp, a source familiar with the matter told Reuters. Shares of the U.S. retailer, which is facing pressure from activist...
Amazon back in SC as talks with Future fail
Talks between Amazon and the Future Group for an out-of-court settlement of their dispute have failed, and the US company on Tuesday renewed its plea in the Supreme Court for allowing arbitration proceedings in...
Amazon says Future share transfer to RIL done in ‘clandestine manner’, calls it fraud on courts
Amazon has said the transfer by hundreds of Future Retail Ltd’s (FRL) stores by the retailer to Reliance Industries Ltd (RIL) has been conducted in a “clandestine manner” and said they are acts against the orders of...
Kering buys U.S. high-end eyewar brand Maui Jim
French luxury group Kering (PRTP.PA) said on Monday its Kering Eyewear division had signed an agreement to acquire U.S. high-end sunglass maker Maui Jim, Inc. for an undisclosed amount. Founded in 1987 in Hawaii, Maui...
