Aditya Birla Fashion and Retail Ltd (ABFRL) said that the National Company Law Tribunal (NCLT) has approved the merger of the company with TCNS Clothing. The Scheme of Amalgamation (by way of Merger by Absorption) among...
The New Shop in advanced talks to acquire 24Seven
The New Shop, a grocery convenience retail startup, is in advanced talks to acquire Godfrey Phillips India’s grocery and convenience retail chain 24Seven, said executives directly aware of the matter. Founded in...
Blackstone in bid to acquire shopping center owner Retail Opportunity, sources say
Private equity firm Blackstone is in early-stage talks to acquire Retail Opportunity Investments Corp (ROIC), which owns U.S. shopping centers and has a market value of close to $2 billion, according to people familiar...
Bankruptcy court orders liquidation of Future Retail as resolution eludes
It’s the end of the road for Kishore Biyani-led Future Retail Ltd, which once led India’s organized retail revolution. The National Company Law Tribunal (NCLT) on Monday ordered liquidation of the company, setting...
UK’s Hammerson to sell stake in Bicester Village owner to LVMH backed private equity firm
UK shopping mall owner Hammerson said on Monday it is selling its entire 42% stake in luxury shopping centre operator Value Retail to LVMH-backed private equity firm L Catterton for an enterprise value of 1.5 billion...
Fnac Darty offers to buy Italy’s Unieuro for around $270 mln
French retailer Fnac Darty on Tuesday offered to buy Italy’s Unieuro for around 249 million euros ($271 million) to create a market leader in consumer electronics and domestic appliances in southern and western...
Australia auto parts retailer Bapcor rejects Bain Capital’s $1.2 bln bid
Australian auto parts retailer Bapcor rejected on Tuesday the A$1.83 billion ($1.23 billion) buyout offer from private equity firm Bain Capital, saying it did not fully reflect the company’s value. The...
Hargreaves Lansdown’s biggest shareholder open to take company private, sources say
Peter Hargreaves, the biggest shareholder in UK retail investment platform Hargreaves Lansdown, is open to taking the company private and has held talks with investors recently about a transaction, three people familiar...
Lagardere says it is closing in on sale of Paris Match magazine to LVMH
French media and business conglomerate Lagardere said on Wednesday it is moving closer to a sale of its Paris Match magazine to luxury goods giant LVMH, on an enterprise value price tag of 120 million euros ($130...
Australian retailer Woolworths to sell $303 mln stake in Endeavour Group
Australian retailer Woolworths said on Wednesday that it would sell a 5% stake worth A$468 million ($302.84 million) in Endeavour Group, almost three years after spinning out the liquor store and pub operator. The sale...
Apparel company Express seeks quick bankruptcy sale
Apparel retailer Express said on Tuesday that it needs to move quickly to a bankruptcy sale in order to avoid a complete liquidation of its business. Express filed for bankruptcy protection on Monday with a non-binding...
Thailand’s Central buys German luxury retail property KaDeWe
Thai retailer Central Group has acquired the landmark KaDeWe property in central Berlin from the insolvent Austrian company Signa in what it said was another step towards buying the group. Central said in a statement on...
