Following the order by the Singapore arbitration tribunal, which largely goes in its favour, Amazon.com has filed a fresh plea in the Supreme Court against the National Company Law Tribunal’s order which allowed Future...
Nexus Malls to expand portfolio via Blackstone’s acquisitions
Nexus Malls, which is owned by Blackstone Group Lp, looks to expand its portfolio of shopping malls through aggressive acquisitions by the US-based asset manager, said a top company executive. Nexus, which started...
Arbitration panel rejects Future’s plea on Reliance deal in dispute with Amazon
A Singapore arbitration panel has rejected Future Retail’s plea to quash an order from last year that put its $3.4 billion deal with Reliance on hold, in a boost for its partner Amazon.com Inc which is seeking to...
Singapore arbitration panel says Future Retail is party to dispute with Amazon-order
The Singapore International Arbitration Centre (SIAC) has ruled that Future Retail Ltd (FRL) is a “proper party” to the ongoing arbitration between Amazon and Future Coupons Pvt Ltd (FCPL) over...
Reliance Retail acquires majority stake in Ritu Kumar’s company
Reliance Retail Ventures Ltd (RRVL) on Tuesday acquired a majority stake in fashion designer Ritu Kumar’s Ritika Pvt. Ltd, reinforcing an emerging trend of corporate houses buying into luxury ethnic wear companies. The...
UK supermarket Morrisons’ shareholders back CD&R’s $10 billion takeover
Shareholders in supermarket group Morrisons on Tuesday approved a 7 billion pound ($9.7 billion) offer from U.S. private equity firm Clayton, Dubilier & Rice (CD&R), bringing the curtain down on Britain’s most...
NCLT gives nod to creditors, shareholders of Reliance Retail to hold meetings for proposed Future Group deal
The National Company Law Tribunal (NCLT) on Monday allowed the creditors and shareholders of Reliance Retail Ventures to hold meetings to seek approval for the company’s proposed Rs 24,700 crore deal with the...
Morrisons investors set to rubber stamp $10 billion CD&R takeover
Shareholders in supermarket group Morrisons are expected on Tuesday to approve a 7 billion pound ($9.6 billion) offer by U.S. private equity firm Clayton, Dubilier & Rice (CD&R), bringing the curtain down on...
Amazon, Future set to mull truce, may go for out-of-court settlement
Future Group and Amazon are likely to start negotiations for a possible out-of-court settlement of a year-long legal standoff over the proposed sale of Future Group assets to Reliance Retail once the Singapore...
Carrefour ends interest in tie-up with Auchan -Le Figaro
Carrefour has decided to end its interest in a possible tie-up with Auchan after the two French retailers held exploratory talks in recent months, daily newspaper Le Figaro reported on Saturday. The decision was taken...
More time to seal Future, Reliance deal
Debt-laden Future Group on Friday received a breather to sew up its asset sale to Reliance Retail Ventures Ltd, with the Mukesh Ambani-led company extending the deal’s deadline by six more months. In August 2020...
CD&R wins $10 bln auction for UK supermarket Morrisons
Clayton, Dubilier & Rice (CD&R) has won the auction for Morrisons with a 7 billion pound ($9.5 billion) bid, paving the way for the U.S. private equity firm to take control of Britain’s fourth-biggest...
