Brands aggregator Mensa Brands has acquired Kolkata-based leather goods maker, Estalon, for an undisclosed amount, the company said in a statement on Tuesday. The acquisition marks Mensa Brands’ foray into the growing...
Retail
Future Retail asks court to declare arbitration with Amazon illegal
India’s Future Retail has asked a New Delhi court to declare ongoing arbitration proceedings with Amazon.com illegal, saying the country’s antitrust agency had suspended a 2019 deal, which Amazon used to...
Delhi high court to rule on Future Group’s plea today
The Delhi high court will rule on Tuesday on the Future Group’s petition seeking to quash the arbitration proceedings initiated by Amazon in Singapore. In its petition filed on Monday, Future Coupons asked the high...
Fanatics buys Topps trading card business for $500 million
U.S. sports merchandise retailer Fanatics has acquired the trading cards and collectibles business from Topps for about $500 million, as it looks to expand, according to a person familiar with the matter. The deal gives...
RIL arm to invest ₹300 cr in robotics co
Reliance Retail Ventures Ltd, the retail unit of Reliance Industries Ltd, is likely to acquire a minority stake in warehouse robotics company Addverb Technologies Pvt. Ltd for around ₹300 crore, two people familiar with...
Grab to buy Malaysia grocery chain Jaya Grocer
Grab Holdings Ltd, the largest ride-hailing and food delivery firm in Southeast Asia, is buying Malaysian grocery chain Jaya Grocer Holdings Sdn, according to a filing with the U.S. Securities and Exchange Commission...
Amazon says India revoking Future deal would boost Reliance, hurt competition
Amazon has warned India’s antitrust body that revoking its 2019 deal with Future Group would send a negative signal to foreign investors and allow local retail behemoth Reliance to “further restrict...
Flipkart, Walmart invest $145 million in Agritech platform Ninjacart
US-based retailer Walmart Inc and Flipkart Group on Monday announced to invest $145 million in agritech startup Ninjacart. This is the third time Flipkart has invested in fresh produce supply chain company Ninjacart...
Nike buys virtual sneaker maker RTFKT in metaverse push
Nike Inc said on Monday it had bought virtual sneaker company RTFKT for an undisclosed sum, as the sportswear giant looks to quickly expand its footprint in the fast-growing “metaverse”. Last month, Nike...
With Future merger delayed, RBL Bank looks to sell ₹105-crore FCRPL debt
RBL Bank is seeking buyers for its Rs 105-crore loan exposure to Future Corporate Resources Pvt Ltd (FCRPL), which holds a majority stake in Future Coupon, a 51:49 joint venture with Amazon, said people with knowledge...
French retailer Casino sells 3% stake in Mercialys
French retailer Casino said on Thursday it had completed the sale of a 3% equity stake in commercial property company Mercialys, cashing in 24 million euros ($27.10 million). The sale, made through a total return swap...
Future case: Amazon India head seeks more time from ED
Amazon India head Amit Agarwal did not appear before the Enforcement Directorate (ED) on Tuesday, seeking exemption from appearance as he is in the United States (US) at present. He is learnt to have sought more time...
