London-based online luxury fashion retailer Farfetch said it plans to purchase U.S.-based beauty retailer Violet Grey, marking its expansion into the cosmetics business with an eye to reaching younger consumers. The...
Supreme Court to hear Future Retail’s plea against lenders on January 31
The Supreme Court will hear Future Retail’s plea against lenders on January 31. The Kishore Biyani-led company had filed a petition, requesting the Supreme Court to pass an order to refrain its lenders from declaring it...
Japan’s Marubeni to sell Gavilon grain business to Glencore arm for $1.1 bln
Japanese trading house Marubeni Corp will sell the grains business of its U.S. unit Gavilon to commodities trader Glencore PLC’s Viterra arm for $1.125 billion, plus working capital, Viterra said on Wednesday...
CAIT files complaint with CCI accusing Amazon of concealing facts for More Retail takeover nod
Traders’ body CAIT on Monday filed a complaint with the Competition Commission of India against Amazon accusing the e-commerce major of committing a fraud while seeking approval for the takeover of More...
Luxury goods group Kering to sell watches division
Kering is shedding its watches division, with plans to sell high-end labels Girard-Perregaux and Ulysse Nardin to current management, a move that will allow the French luxury goods group to focus on activities in which...
RIL invests ₹7,600 cr on acquisitions in first three qtrs to strengthen retail arm
Reliance Industries Ltd (RIL) has spent more than ₹7,600 crore over the past nine months of this fiscal towards investing in and acquiring assets to strengthen its retail business, according to Gaurav Jain, head...
Kohl’s gets $9 billion bid from Starboard Value Group
A consortium backed by activist hedge fund Starboard Value LP has offered roughly $9 billion to buy department store Kohl’s Corp., according to people familiar with the matter. A group led by Acacia Research Corp...
Reliance Retail gets 54% stake in Addverb Technologies for $132 m
The retail unit of Industries, Reliance Retail Ventures Ltd, has picked up a 54% stake in robotics startup Addverb Technologies for $132 million. “This deal will provide us an opportunity to deploy robots at...
Coca-Cola’s African subsidiary eyes more consolidation in continent
Coca-Cola Beverages Africa (CCBA), the biggest bottling unit of Coca-Cola in the continent, is eyeing further consolidation of the parent’s bottling operations there, its chief executive said on Tuesday, as it...
Acacia Research contacts Kohl’s to explore bid for retailer, sources say
Acacia Research, which is backed by activist investor Starboard Value, has reached out to Kohl’s Corp to express its interest in making a bid for the retailer, two sources familiar with the matter said. Acacia...
Unilever to weigh raising offer for GSK’s consumer assets – Bloomberg
Unilever Plc has held talks with banks about additional financing for a potential sweetened offer for GlaxoSmithKline Plc’s consumer products division, Bloomberg reported on Sunday, citing people familiar with the...
NCLAT admits Amazon’s plea against CCI order on Future Coupons
The National Company Law Appellate Tribunal (NCLAT) on Thursday admitted Amazon’s plea challenging the Competition Commission of India’s (CCI) order which had suspended its earlier approval of the American behemoth’s...
