Independent directors of Future Retail Ltd (FRL) have again asked the Competition Commission of India (CCI) to revoke its approval of a 2019 deal between a group company and Amazon.com Inc., alleging that the US retail...
Retail
FRL-RIL deal: SC judge offers to recuse; final hearing on November 23
Supreme Court judge Justice Hima Kohli on Thursday offered to recuse herself from hearing a batch of petitions arising out of the Amazon-Future Retail case, saying she and her family members have shares in Reliance...
Avenue Supermarts buys retail space in Bengaluru
Billionaire investor Radhakishan Damani’s company Avenue Supermarts has purchased retail space in Bengaluru valued at over ₹88 crore, said two people with direct knowledge of the development. Avenue Supermarts...
Reliance Retail acquires ‘amante’ from MAS Holdings
Reliance Retail Ventures Limited (RRVL) has acquired retail lingerie businesses under the ‘amante’ umbrella brand from MAS Brands, a wholly-owned subsidiary of Sri Lanka-based MAS Holdings, for an...
Future told to halt asset sale process
The Supreme Court on Thursday asked the Future Group to halt all proceedings related to its proposed ₹24,713 crore sale of retail assets to Reliance Industries Ltd till the legal dispute with Amazon.com Inc. is decided...
CAIT urges CCI to revoke approval to Amazon for Future Coupons deal
Traders’ body CAIT on Wednesday said it has urged the Competition Commission of India to revoke the approval granted to Amazon two years ago for its deal with Future Coupons, alleging that the e-commerce major had...
NCLT stays investors’ meet at Future Group
A company court restrained Future Group from calling shareholders’ meetings to seek approval for its proposed ₹24,713 crore asset sale to Reliance Industries Ltd, in a legal setback for the cash-strapped group...
Future Retail takes Reliance deal saga to Supreme Court
India’s Future Retail has asked the country’s top court to stall a Singapore arbitration panel’s decision to freeze a $3.4 billion asset sale after e-commerce giant Amazon had sought to block the deal...
FRL’s independent directors ask CCI to revoke nod for Amazon-Future Coupons deal
In escalation of the Future group-Amazon feud, Future Retail Ltd’s independent directors have urged the Competition Commission to revoke the approval given two years ago for Amazon’s deal with Future...
Poland’s Allegro buys Czech online retailer Mall for $1 bln
The Allegro logo is seen on the smartphone in this illustration taken October 12, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Nov 5 (Reuters) – Polish e-commerce group Allegro has agreed to buy Czech online...
Coke to pay $5.6 bln for full control of BodyArmor – WSJ
Coca-Cola Co is buying full control of BodyArmor for $5.6 billion in a deal that values the sports drink brand at about $8 billion, the Wall Street Journal reported on Sunday, citing people familiar with the matter...
UK watchdog to investigate CD&R’s $10 bln deal for Morrisons
Supermarket group Morrisons must be run as an independent business while Britain’s competition regulator reviews its 7 billion pound ($9.7 billion) takeover by Clayton, Dubilier & Rice (CD&R), the watchdog...
