Drinks maker Distell will conclude talks with Heineken about its takeover offer one way of the other by the end of September, the South African company’s Chief Executive Richard Rushton said on Thursday. Announcing a...
Arvind Fashions raises Rs 439 crore from investors, promoters
Arvind Fashions Ltd (AFL), India’s leading casual and denim manufacturer, on Saturday said it has raised Rs 439 crore from various marquee investors including promoters by issuing equity shares of the company...
Ambani vs Bezos fight for Future points to lacunae in India’s bankruptcy law
A telecom carrier and a retailer are showing a mirror to India’s tryst with assisted corporate demise and rebirth. The image staring back is one of defeat snatched from the jaws of victory. As the five-year-old...
Fortress mulls options after Morrisons agrees rival CD&R takeover
Shares in Morrisons jumped above the level of an agreed takeover offer from U.S. private equity group Clayton, Dubilier & Rice (CD&R) on Friday, indicating a protracted bid battle for the British supermarket...
Will implement single judge order against FRL-Reliance deal in absence of stay from SC: HC to Future Group
The Delhi High Court Tuesday said it will implement the single-judge order restraining Future Retail Ltd (FRL) from going ahead with the Rs 24,713 crore deal with Reliance Retail to sell its business, which was objected...
S.Korea’s GS Retail consortium to buy Delivery Hero’s food delivery app Yogiyo
South Korea’s GS Retail Co Ltd said on Friday it had partnered with two private-equity firms to buy Delivery Hero’s food delivery app, Yogiyo, in a deal valued at 800 billion won ($685 million). The deal is expected to...
Kishore Biyani, Future group companies move Supreme court after Amazon verdict
Future group promoters, including Kishore Biyani and several group holding companies, have approached the Supreme Court against an order passed by the Delhi High Court directing to enforce the order of the Singapore...
Brazil’s Lojas Americanas to buy grocery chain Hortifruti for $400 million
Brazilian retailer Lojas Americanas SA said on Wednesday it had agreed to acquire grocery chain Hortifruti Natural da Terra for 2.1 billion reais ($402 million), in a strategic move into the fresh foods sector...
Amazon draws up blueprint to bail out Future group
Amazon.com Inc. is preparing a bailout plan for cash-strapped Future Retail if the Singapore International Arbitration Centre (SIAC) rules against a planned takeover of the Indian retail chain by Reliance Industries Ltd...
Germany’s Delivery Hero takes 5.1% stake in rival Deliveroo
Germany’s Delivery Hero has taken a 5.09% stake in online food delivery rival Deliveroo, driving the British company’s share price to its highest since listing on the stock market in March. Shares in...
Chicken producer Sanderson Farms nears $4.5 bln sale to Continental Grain, Cargill – WSJ
Chicken producer Sanderson Farms Inc is in advanced talks with Cargill Inc and agricultural investment firm Continental Grain Co to sell itself in a $4.5 billion deal, the Wall Street Journal reported on Sunday. The...
Amazon wins Supreme Court case restraining merger between Future and Reliance
The Supreme Court has upheld e-commerce giant Amazon’s plea against the Rs 24,731-crore merger of Future Retail Ltd (FRL) with Reliance Retail. The top Court said that the order by a Singapore arbitrator in...
