Flipkart Investments is set to exit its entire 6% stake in Aditya Birla Lifestyle Brands Ltd (ABLB) through block deals worth around Rs 950 crore, according to a CNBC Awaaz report. The sale will involve 7.3 crore shares...
NCLAT sets aside Future Consumer’s plea for insolvency against Aussee Oats
Appellate Tribunal NCLAT has set aside an appeal by Future Consumer Ltd (FCL) seeking to initiate insolvency against Aussee Oats Ltd. A two-member NCLAT bench has upheld the orders of the Mumbai bench of the National...
Dick’s Sporting Goods completes $2.4 billion Foot Locker deal
Footwear retailer Dick’s Sporting Goods said on Monday it had completed its $2.4 billion acquisition of Foot Locker. The deal gives Dick’s a stronger foothold in the sneaker market with over 3,200 stores and...
Star Localmart acquires Bengaluru-based DusMinute to expand footprint
Star Localmart, the retail arm of Sanjay Ghodawat Group (SGG), on Monday said it has acquired Bengaluru-based retail chain DusMinute, which operates in gated communities, for an undisclosed amount. This acquisition will...
McDonald’s to sell 8 Hong Kong retail spaces valued at $153 million, JLL says
McDonald’s Corp is planning to sell eight prime retail properties in Hong Kong with a total market value of around HK$1.2 billion ($152.89 million), JLL, which has been appointed as the sole agent of the sale...
LVMH in talks to offload fashion label Marc Jacobs, sources say
French luxury goods group LVMH is in discussions with multiple buyers to offload its fashion label Marc Jacobs, people familiar with the matter told Reuters on Friday. The Bernard Arnault-led company has been holding...
Ceconomy confirms it is in advanced talks with China’s JD.com
German electronics retailer Ceconomy confirmed on Thursday it was in advanced negotiations over a potential takeover by China’s JD.com at 4.60 euros per share. Bloomberg had earlier reported that JD.com was...
Udaan acquires retail tech startup ShopKirana for $88.5 million in stock
Business-to-business (B2B) grocery delivery platform Udaan said on Friday that it agreed to acquire 100% stake in retail tech startup ShopKirana in an all-stock deal. A press release from Udaan did not provide details...
Couche-Tard scraps $47 billion bid for Japan’s Seven & i
Canadian retailer Alimentation Couche-Tard on Thursday pulled its $47 billion bid to buy Seven & i Holdings, citing a lack of constructive engagement by the Japanese retailer. The surprise move ends what could have...
Ulta Beauty enters UK with retail chain Space NK’s acquisition
U.S. cosmetics retailer Ulta Beauty on Thursday announced its entry into the British market with its purchase of high street chain Space NK. Founded by beauty industry veteran Nicky Kinnaird, Space NK offers premium...
Reliance Retail acquires minority stake in UK-based FACEGYM
Reliance Retail Ventures Ltd (RRVL), the holding company for all retail businesses of Reliance Industries, has made a “strategic minority investment” in UK-based Facegym which is into facial fitness and skincare...
Singapore International Arbitration Centre rules in favour of Amazon in Future Group case
The Singapore International Arbitration Centre (SIAC) has ruled in favour of Amazon in its long-standing legal battle with Kishore Biyani-led Future Group, holding that Reliance Retail-Future merger deal breached its...
