Mensa Brands, a technology-led ‘House of Brands’ built for the e-commerce industry has acquired Folkulture, a home décor label born in India that caters majorly to the US and UK markets. Since its inception in 2015...
Retail
South Africa’s TFG buys online shopping and delivery provider Quench
South Africa’s TFG is buying on-demand online shopping platform and last-mile delivery provider Quench, as part of a push to grow its e-commerce business, the fashion and homeware retailer said on Thursday. After...
Amazon gets two weeks to reply to Future plea in CCI
The Supreme Court on Monday gave two weeks to Amazon to file its response to a petition filed by a promoter firm of Future Retail in the Competition Commission of India (CCI), providing the US ecommerce major with a...
Halt RIL-Future deal, market regulator urged
Amazon.com Inc. and a lobby of at least 15,000 small businesses have written to the markets regulator, demanding revocation of the conditional approval it has granted to the ₹24,713 crore deal for the Future Group to...
Amazon asks Competition Commission to revoke Reliance-Future deal approval
Amazon has asked India’s antitrust regulator to revoke its approval for Future Retail’s $3.4 billion sale of retail assets to Reliance, saying it was “illegally obtained”, violating an order...
Spanish online apparel retailer Privalia puts Brazilian ops for sale -source
Spanish fashion online retailer Privalia has put its operations in Brazil up for sale, a source with knowledge of the matter said on Friday. The source said the company wants to raise around 1 billion reais ($179...
Amazon | Future Retail: CCI says it will pass an order in due course
The Competition Commission of India (CCI) said it will pass its order in “due course” in a dispute between Amazon and Future Coupons (FCPL) even as the US company declined to provide its written response or...
Britain’s M&S buys 25% stake in Nobody’s Child
Britain’s Marks & Spencer has bought a 25% stake in womenswear brand Nobody’s Child, as it seeks to accelerate a revival in its clothing arm, it said on Tuesday. The investment in Nobody’s Child is...
Amazon asked Future Group to withdraw FEMA violation complaint before CCI: Sources
US giant Amazon had asked Kishore Biyani-led Future Group to withdraw its complaint in CCI as the two discussed a possible end to bitter tussle over investments, according to sources. Also, the sources said, a possible...
Eye on IPO, ITC likely to spin off its IT services arm
ITC Ltd is likely to spin off and list its wholly-owned software services business in the coming months at a valuation of ₹20,000-25,000 crore, a person familiar with the matter said, requesting anonymity. ITC Infotech...
Delhi HC directs CCI to quickly decide on notice to Amazon
Delhi high court on Tuesday directed the Competition Commission of India (CCI) to expeditiously decide on its show-cause notice to Amazon on the revocation of approval given to the US-based company for the investment...
CCI to meet Amazon, Future Coupons on Jan 4
The Competition Commission of India (CCI) will meet Amazon and Future Coupons Pvt Ltd (FCPL) in January next year in connection with the approval given by the commission to the e-commerce giant’s investment in...
