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...
Retail
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...
Future Group gets NCLT nod to meet on sale of biz to RIL
The National Company Law Tribunal (NCLT) on Tuesday allowed Future Group companies to hold meetings of their shareholders and creditors to seek approval for the planned sale of assets to Reliance Retail Ventures Ltd. A...
France’s Avril in talks with Bigard group to sell two pork firms
French agri-food group Avril said on Tuesday it was in exclusive talks with meat group Bigard to sell its majority stakes in pork processing companies Abera and Porcgros. Avril said in April it had decided to withdraw...
Hellman & Friedman raises bid for Germany’s Zooplus to $3.9 billion
Zooplus AG, one of Europe’s largest online pet supplies’ retailers, said on Sunday that Hellman & Friedman has raised its takeover offer for the group to 3.29 billion euros ($3.89 billion) from an initial offer of 3...
FRL-RIL deal: SC asks NCLT, CCI, Sebi not to pass final orders for 4 weeks
The Supreme Court Thursday stayed all the proceedings before the Delhi High Court for four weeks related to implementation of an award by Singapore’s Emergency Arbitrator (EA) restraining Future Retail Ltd (FRL)...
Supreme Court agrees to Future’s early hearing pleas on Delhi HC order against Reliance Retail merger
The Supreme Court on Friday agreed to an early hearing of the Future Group’s appeals against the Delhi High Court’s single judge’s orders. The HC had restrained Future Group from going ahead with the Rs 24,713-crore...
Reliance Retail acquires sole control of Just Dial
Billionaire Mukesh Ambani-led Reliance Retail on Thursday said it has acquired sole control of 25-year-old search and discovery firm Just Dial. The firm’s subsidiary Reliance Retail Ventures Ltd had in July...
Japan’s OK Corp to launch counter bid for Kansai Super Market, Nikkei reports
Japanese supermarket operator OK Corp will launch a counter bid for Kansai Super Market Ltd., which has already agreed to integrate with H2O Retailing, the Nikkei reported on Thursday. OK Corp will attempt to win...
