Cosmetics maker Estee Lauder Cos Inc is in talks to acquire luxury brand Tom Ford in what could be a $3 billion deal, the Wall Street Journal reported on Monday, citing people familiar with the matter. The potential...
Retail
JD Sports sells Footasylum to Germany’s Aurelius for 45 mln euros
Britain’s largest sportswear retailer JD Sports Fashion will sell Footasylum to German asset management firm Aurelius Group for an enterprise value of about 45 million euros ($46 million), the company said on...
Amazon files plea in SC against NCLAT ruling in Future case
Amazon India on Friday filed a petition before the Supreme Court challenging the National Company Law Appellate Tribunal’s ruling that upheld the Competition Commission of India’s order suspending the US...
H&M to sell Russian business to local or foreign company – ministry
H&M, the world’s second-biggest fashion retailer, has decided to sell its assets in Russia, the Russian Ministry of Industry and Trade said on Thursday. The potential buyer could be a Russian company or an...
Three Future group firms to file claims before FRL’s interim resolution professional
Three listed Future group firms will file their claims before the Interim Resolution Professional (IRP) of Future Retail Ltd (FRL), against which insolvency proceeding has been initiated by NCLT earlier this week. The...
NCLT admits plea for insolvency proceedings against Future Retail
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday admitted Bank of India’s petition to initiate corporate insolvency resolution proceedings against Kishore Biyani led-Future Retail Ltd (FRL)...
UK’s JD Sports in talks to sell Footasylum to Aurelius Group – Sky News
JD Sports Fashion Plc, Britain’s largest sportswear retailer, was in exclusive talks to sell Footasylum to German asset management firm Aurelius Group, a Sky News reporter said in a tweet on Wednesday...
Footwear brand Plaeto raises funds from Florintree, others
Bengaluru-based Plaeto, a D2C footwear brand for children, has raised Rs40 crore in a Series A round of funding led by former Blackstone India private equity co-head Mathew Cyriac’s Florintree Advisors and other...
Reliance Retail in talks to partner UK’s Fortnum
Retail, the retail arm of Reliance Industries, is in talks with London-based luxury gourmet, gifting and hospitality retail chain Fortnum & Mason for an exclusive partnership for India, two executives directly aware...
Mukesh Ambani, Jeff Bezos to bid for German retailer Metro AG’s India operations
Charoen Pokphand Group and Reliance Industries are among suitors for German retailer Metro AG’s wholesale operations in India, according to people familiar with the matter, as the companies seek to deepen their retail...
LVMH’s Sephora to sell its Russian subsidiary
LVMH’s retail beauty brand Sephora is selling its Russian subsidiary to the local general manager of the chain, the French company said on Monday, joining a flood of Western businesses leaving the country...
Future Enterprises offers one-time settlement via sale of assets
Future Enterprises has offered a one-time settlement (OTS) to lenders, indicating a 46% recovery for secured creditors, said people with knowledge of the matter. In all, the Kishore Biyani-promoted company is proposing...
