India’s leading retailer Reliance Retail Ventures Ltd on Thursday announced to form joint venture with Mothercare plc, a global specialist in products for parents and young children. Reliance Brands Holding UK...
Mulberry majority shareholder rejects selling to Frasers
The majority shareholder in luxury brand Mulberry on Sunday said it had no interest in selling any of its stake to sportswear and apparel retailer Frasers Group, in a statement designed to end Frasers’ takeover...
Japan’s Seven & i, facing a $47 billion Couche-Tard bid, to separate some assets
Seven & i Holdings announced on Thursday a roadmap to hive off underperforming businesses and focus on its convenience store operations, as the retailer aims to fend off a $47-billion takeover bid from...
Seven & i to start majority stake sale in supermarkets by year-end: Nikkei
Japan’s Seven & i Holdings plans to seek buyers for a majority stake in its supermarket businesses, including its flagship Ito-Yokado, with the process to begin as early as the end of this year, Nikkei...
UK’s AO World to buy musicMagpie in $13.3 million deal
UK online electricals retailer AO World said on Wednesday it would buy the retailer of used smartphones and electronic products musicMagpie for about 10 million pounds ($13.3 million) to boost its mobile and consumer...
SpaceMantra pulls out resolution plan for Future Lifestyle
SpaceMantra, the winning bidder to take over Kishore Biyani’s retail brand outlet Future Lifestyle Fashions (FLFL), has withdrawn its resolution plan for the company days before lenders overwhelmingly voted for...
NCLT admits Future Group affiliate Acute Retail Infra under the insolvency resolution process
The bankruptcy court on Monday admitted Future Group’s affiliate Acute Retail Infra Pvt Ltd for Corporate Insolvency Resolution Process (CIRP) in an application filed by Avendus Finance Pvt Ltd after the company...
Retailer MINISO to buy nearly 30% stake in embattled Yonghui for $893 mln
MINISO will take up a 29.4% stake in Chinese supermarket operator Yonghui Superstores for 6.3 billion yuan ($893.05 million), it said on Monday, on track to becoming the largest single shareholder in the embattled firm...
Japan’s Seven & i rejects Couche-Tard’s $38.5 bln takeover offer
Japanese retail giant Seven & i Holdings said on Friday it had turned down Canada’s Alimentation Couche-Tard’s $38.5 billion cash bid, rejecting an offer that would be the largest-ever foreign buyout of...
UK’s Sainsbury’s agrees deal to acquire 10 Homebase stores
Britain’s second-largest supermarket group, Sainsbury’s, said on Thursday it had agreed to acquire 10 leasehold stores from home improvement retailer Homebase to covert into supermarkets. Sainsbury’s...
Walmart selling JD.com stake to focus on its own China operations
Walmart, the biggest shareholder of Chinese e-commerce firm JD.com, has sold its entire stake, according to a person familiar with the matter, exiting an eight-year investment to focus on its own operations in China. A...
NCLT approves merger of TCNS Clothing into Aditya Birla Fashion and Retail
Aditya Birla Fashion and Retail Ltd (ABFRL) said that the National Company Law Tribunal (NCLT) has approved the merger of the company with TCNS Clothing. The Scheme of Amalgamation (by way of Merger by Absorption) among...
