French luxury goods billionaire Bernard Arnault has sold out of supermarket group Carrefour, the retailer he first invested in 14 years ago and whose potential takeover by Canada’s Couche-Tard unravelled earlier...
Retail
Shoppers Stop sells Crossword stores for ₹41.6 cr to ABH
Shoppers Stop Ltd, which runs a chain of departmental stores, is selling its controlling stake in Crossword Bookstores to the owners of Agarwal Business House (ABH) for approximately ₹41.6 crore, as it seeks to focus on...
Future-Reliance deal: Amazon urges Sebi to direct exchanges to withdraw observation letters
US e-commerce giant Amazon has written to Sebi requesting the market regulator to direct stock exchanges to withdraw the ‘Observation Letters’ that were issued related to the proposed Rs 24,713-crore Future...
Future Retail moves SC against HC order on Rs 24,713-cr deal with Reliance
Kishore Biyani-led Future Retail Ltd on Saturday said it has approached the Supreme Court against orders passed by the Delhi High Court to maintain the status quo in relation to its Rs 24,713 crore deal with Reliance...
UK’s Morrisons plans shareholder vote on CD&R deal in early October
British supermarket chain Morrisons, at the heart of a $9.5 billion bidding war, plans to hold a shareholder vote on the offer from U.S.-based private equity firm Clayton, Dubilier & Rice (CD&R) around Oct. 5...
Heineken and Distell to conclude takeover talks by end September
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...
