The National Company Law Tribunal (NCLT) reserved its order on the petition filed by Amazon opposing Bank of India’s plea to initiate insolvency resolution proceedings against debt-ridden Future Retail Ltd(FRL)...
Edelweiss in talks to sell Future Lifestyle’s Cover Story to Reliance Retail
Future Lifestyle Fashions Ltd (FLF) lender Edelweiss is in the final stages of negotiations with Reliance Retail to sell fast-fashion brand Cover Story for Rs 200 crore while the Kishore Biyani-owned retail firm is in...
Will continue to look for acquisition opportunities, says Tata Consumer chairman N Chandrasekaran
Tata Consumer Products Ltd will continue to look for the right acquisition opportunities in different categories to fuel its growth, the company’s chairman N Chandrasekaran said on Monday. Responding to...
Reliance, PremjiInvest, CP Group, Swiggy look to bid for Metro India unit
Reliance Retail, Thailand’s largest conglomerate Charoen Pokphand (CP) Group and food and grocery delivery platform Swiggy are competing with PremjiInvest, the investment fund managed by the family office of Indian tech...
France’s Amethis sells Kenyan retailer stake to Mauritius-based IBL
France’s Amethis investment fund said it will sell its stake in Kenyan general retailer Naivas to Mauritius-based IBL Group. Amethis bought a stake in Naivas for an undisclosed amount in 2020. A source with...
Amazon faces uphill battle with Future Retail insolvency, say legal experts
Amazon’s efforts to oppose Bank of India’s move to initiate corporate insolvency resolution proceedings against debt-laden Future Retail Ltd will be an uphill task, experts said. The National Company Law Tribunal (NCLT)...
Franchise Group mulls lowering bid for Kohl’s closer to $50 per share – CNBC
Franchise Group is considering lowering its bid for department store chain Kohl’s Corp to closer to $50 per share from about $60 apiece, CNBC reported on Wednesday, citing a source familiar with the deal talks...
Mondelez to buy energy bar maker Clif Bar for about $3 billion
Mondelez International Inc said it will buy energy bar maker Clif Bar & Company for $2.9 billion to expand its global snack bar business. The Cadbury maker will also pay additional amounts to the sellers depending...
Amazon-Future Coupons case: NCLAT upholds CCI order, directs e-commerce giant to pay Rs 200 crore
In a blow to Amazon, the NCLAT has upheld the Competition Commission of India’s (CCI) order suspending the deal between the global e-commerce giant and Future Coupons. A two-member bench comprising Justice M...
Future Retail case: NCLT to continue hearing Amazon’s plea on June 14
The National Company Law Tribunal (NCLT) has adjourned till June 14 hearing of Amazon’s petition opposing the initiation of insolvency proceedings against debt-ridden Future Retail Ltd. After hearing the arguments...
Kohl’s in exclusive talk with Ohio-based franchise group for $8 billion deal
Kohl’s company has been into specific talks with Franchise Group retail holding company, which wants to purchase the store for $60 per share. Kohl’s would be valued at about $8 billion at such a price...
Future Retail: NCLT to hear Amazon’s plea opposing insolvency proceedings on June 10
The National Company Law Tribunal (NCLT) will hear Amazon’s petition opposing initiation of insolvency resolution proceedings against debt-ridden Future Retail Ltd on June 10. A plea seeking initiation of...
