Softbank-owned Fortress Investment Group has offered around 200 billion yen ($1.48 billion) to buy Japanese department store unit Sogo & Seibu from parent Seven & I Holdings, Nikkei reported on Sunday, citing...
Retail
Kohl’s terminates sale talks with Franchise Group – CNBC
Kohl’s Corp is terminating talks to sell the U.S. department store chain to Vitamin Shoppe operator Franchise Group, CNBC reported, citing two people familiar with the matter. The report, however, did not...
L Catterton to sell fashion brand Ganni for up to $700 mln – sources
Private equity firm L Catterton is selling Danish fashion brand Ganni in a deal that could fetch up to $700 million, two people with knowledge of the situation told Reuters. The firm has hired boutique investment bank...
SIAC dismisses Future Group’s plea to terminate arbitration proceedings
The Singapore International Arbitration Centre (SIAC) has dismissed Future Group’s plea to terminate the arbitration proceedings between the Kishore Biyani-led firm and Amazon. The order said that there is no ground for...
Reckitt weighs shelving infant nutrition unit sale – Bloomberg News
Britain’s Reckitt Benckiser Group is considering if it should shelve the sale of its infant nutrition unit, as high-profile deals fall victim to a worsening financing market, Bloomberg News reported. Talks between...
Future Retail: NCLT reserves order on Amazon petition against BoI’s insolvency proceedings plea
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...
