The Competition Commission of India (CCI) has cleared Amazon’s proposal to acquire Catamaran Ventures’ entire stake in Prione Business Services Pvt. Ltd., the joint venture between Infosys co-founder N R Narayana...
GameStop chair Cohen takes stake in Bed Bath & Beyond, pushes strategic alternatives
Billionaire investor Ryan Cohen said on Sunday that he now owns nearly 10% of Bed Bath & Beyond and wants the housewares retailer to explore strategic alternatives that include a full sale of the company. Cohen, who...
FRL-Reliance merger: SC defers hearing on Amazon’s plea for 10 days
The Supreme Court on Thursday took note of the submission of US e-commerce major Amazon and adjourned by 10 days the hearing on its plea against the Delhi High Court’s order staying the arbitration proceedings...
Amazon and Future agree to out-of-court settlement proposal
Amazon.com Inc. and its estranged partner Future Retail Ltd accepted the Supreme Court’s nudge to settle their bitter legal battle over sales of the latter’s assets to Reliance Industries through negotiations. “We feel...
TJX to sell 25% stake in Russian apparel retailer Familia
TJX Cos Inc said on Thursday it would sell its 25% stake in Russian low-cost apparel retailer Familia, becoming the latest company to cut business ties in the country following Moscow’s invasion of Ukraine...
Amazon plans to file criminal case against Future over store transfers
Amazon.com Inc plans to initiate criminal court proceedings this week against its Indian partner Future Retail for allowing the transfer of assets to a major rival despite a legal prohibition, three sources with direct...
Reliance keen on buying Future Retail assets at agreed price
Reliance Industries (RIL) will not lower the purchase price of the Future Group’s retail assets from ₹24,713 crore which was originally agreed upon when the deal was announced if the court allows it to acquire the...
Reliance Retail acquires majority stake in designer brand Abraham & Thakore
Reliance Retail on Tuesday said it has acquired a majority stake in designer wear brand Abraham & Thakore for an undisclosed amount. Reliance Retail Ventures said it seeks to leverage the market knowledge and...
NCLT allows Future Retail to convene meetings to approve the sale of its retail assets to Reliance
The National Company Law Tribunal (NCLT) on Monday allowed Future Retail Ltd (FRL) to convene meetings of its shareholders and creditors to approve the sale of its retail assets to Reliance Retail. The approval comes...
Amazon may move Delhi HC, NCLAT as Reliance takes over Future stores
Amazon is planning to approach the Delhi High Court and the National Company Law Appellate Tribunal (NCLAT), questioning the change in the lease structure of the stores of Future Retail Ltd (FRL) and the role of the...
CCI does not have powers to keep own order in abeyance: Amazon tells NCLAT
Amazon on Friday questioned Competition Commission’s decision to keep in abeyance the more than two-year-old approval for the e-commerce major’s deal with Future Coupons Pvt Ltd (FCPL), arguing that the...
Delhi HC adjourns Amazon-Future case to Monday
The Delhi High Court will on Monday continue hearing arguments in an 18-month-long dispute between Amazon and Future Group. On Thursday, lawyers from the two sides argued for more than two hours in a post-lunch session...
