Coca-Cola Co is nearing a deal to buy a controlling stake in sports drink maker BodyArmor, valuing it at about $8 billion, Bloomberg News reported on Thursday, citing people with knowledge of the matter. The deal could...
Retail
Future Group seeks lenders’ nod to recast Rs 8,400 crore FEL debt post Reliance deal
Future Group has recently sought consent from lenders to restructure the residual debt of Future Enterprises, estimated at ₹8,400 crore, once a proposed slump sale to a Reliance Industries group entity is completed...
Coca-Cola nears deal for controlling stake in BodyArmor – Bloomberg News
Coca-Cola Co is nearing a deal to buy a controlling stake in sports drink maker BodyArmor, valuing it at about $8 billion, Bloomberg News reported on Thursday, citing people with knowledge of the matter. The deal could...
Future Group asks Delhi court to quash Singapore panel’s block on asset sale to Reliance
Future Retail has asked a Delhi court to quash a decision by a Singapore arbitration panel that has kept the $3.4 billion sale of Future’s retail assets in limbo while the panel hears objections from Amazon.com...
Amazon invests in Italian automated packaging machines maker
Amazon, through its Climate Pledge Fund, has bought a minority stake in Italy’s CMC Machinery, a company with technology that makes custom-sized boxes that eliminate the need for single-use plastic packaging, the...
Reliance deal: Amazon in Supreme Court against Future’s meetings
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...
