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...
Retail
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...
Franchise Group enters exclusive talks over Kohl’s sale
Kohl’s Corp has entered exclusive negotiations with retail store operator Franchise Group Inc over a potential sale of the department store chain, valuing it at nearly $8 billion, the companies said late on Monday...
Britain’s Frasers buys Missguided for $25 mln
British sportswear and fashion group Frasers has acquired online women’s fashion retailer Missguided out of administration, it said on Wednesday. The group, formerly called Sports Direct and controlled by Mike...
Aditya Birla Fashion to raise ₹2,195 cr from GIC
Aditya Birla Fashion and Retail Ltd (ABFRL) will sell a 7.5% stake to GIC, Singapore’s sovereign wealth fund, to raise up to ₹2,195 crore to expand its presence in the branded apparel market. The plan, approved by the...
Starbucks to sell juice brand to Bolthouse Farms
Starbucks Corp said it would sell its Evolution Fresh juice brand to California-based Bolthouse Farms for an undisclosed amount, as the global coffee chain seeks to focus efforts on the growth of its core business...
Aditya Birla Fashion to sell minority stake to private equity firms
The board of Aditya Birla Fashion and Retail is meeting on Tuesday to discuss selling a minority stake to private equity firms to raise up to Rs 2,300 crore. The company will utilise the funds to grow its offline...
Reliance Retail in talks to partner UK’s coffee chain Pret a Manger
Reliance Retail, the retail venture of Reliance Industries, is in talks with UK’s premium coffee and sandwich chain, Pret a Manger, for an exclusive franchise partnership, two people directly aware of the matter...
NCLT grants more time to FRL to reply to BOI plea
The Mumbai bench of the National Company Law Tribunal (NCLT) on Thursday granted more time to Future Retail Ltd (FRL) to file its response to a Bank of India petition seeking to initiate insolvency resolution...
