Reliance Retail Ventures (RRVL) has acquired 89 per cent equity stake in Purple Panda Fashions, which owns and operates the Clovia business, an industry leader in the bridge-to-premium intimate wear category, with an...
Retail
Amazon closes $8.5-bn MGM deal after regulators decline to oppose It
Amazon.com Inc. said it closed the $8.5 billion acquisition of film studio Metro-Goldwyn-Mayer after regulators declined to challenge the deal, cementing the company’s biggest takeover in five years. The closing...
Private equity firm Sycamore weighs bid for fashion chain Ted Baker – Sky News
U.S. private equity firm Sycamore Partners is weighing a takeover bid for the British fashion retailer Ted Baker, Sky News reported on Thursday. Sycamore was considering making a formal approach, the report said, adding...
Would take steps for value adjustments, reversal of takeover of stores by Reliance, says FRL
Future Retail Ltd (FRL) on Wednesday said it is “committed” to reversal of takeover of its stores by Reliance Retail and will take all such action as may be necessary to seek value adjustments. The Kishore...
Hudson’s Bay bidding for Kohl’s – source
Canadian department store chain Hudson’s Bay Co is bidding for American peer Kohl’s Corp, a source familiar with the matter told Reuters. Shares of the U.S. retailer, which is facing pressure from activist...
Amazon back in SC as talks with Future fail
Talks between Amazon and the Future Group for an out-of-court settlement of their dispute have failed, and the US company on Tuesday renewed its plea in the Supreme Court for allowing arbitration proceedings in...
Amazon says Future share transfer to RIL done in ‘clandestine manner’, calls it fraud on courts
Amazon has said the transfer by hundreds of Future Retail Ltd’s (FRL) stores by the retailer to Reliance Industries Ltd (RIL) has been conducted in a “clandestine manner” and said they are acts against the orders of...
Kering buys U.S. high-end eyewar brand Maui Jim
French luxury group Kering (PRTP.PA) said on Monday its Kering Eyewear division had signed an agreement to acquire U.S. high-end sunglass maker Maui Jim, Inc. for an undisclosed amount. Founded in 1987 in Hawaii, Maui...
CCI clears Amazon’s proposal to buy Catamaran’s stake in Cloudtail parent
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...
