Levi Strauss & Co. said on Thursday it would buy apparel maker Beyond Yoga for an undisclosed amount, as it looks to expand its presence in the lucrative leggings category that boomed during the COVID-19 pandemic...
Brazil retailers hunt for M&A deals to compete for e-commerce dominance
In March last year, Oziel da Silva Santos needed a new TV but with stores closed due to COVID-19 restrictions in Brazil’s northern city of Belem, the 50-year old was clueless about how to get one. He followed a...
Foot Locker to buy two retailers for $1.1 billion
Foot Locker Inc. is buying two smaller retailers for a total of approximately $1.1 billion in separate cash deals, as the company looks to expand its reach beyond U.S. shopping malls. The New York-based company Monday...
Singapore’s GIC joins Fortress bid for UK supermarket Morrisons
Singapore’s sovereign wealth fund has joined the Fortress-led private equity consortium making a recommended offer for the British supermarket group Morrisons, the companies said on Wednesday. Britain’s...
Italy’s Aeffe raises stake in Moschino to 100%
Italian luxury group Aeffe acquired full control of Moschino through the acquisition of the remaining 30% stake it did not own in the Italian brand, it said on Wednesday. The price of the acquisition amounts to 66.6...
Starbucks to exit S.Korea venture, sell stake to E-Mart, GIC
Starbucks Corp said on Monday it will exit any direct ownership in South Korea, its fifth-largest market, selling the 50% stake it owns in a joint venture to local partner E-Mart Inc and Singapore’s sovereign wealth...
Arvind Lifestyle sells Unlimited stores to V-Mart
Arvind Lifestyle Brands Ltd (ALBL), a wholly-owned subsidiary of Arvind Fashions Ltd., has agreed to sell assets of its Unlimited retail business to V-Mart Retail. Following this transaction, V Mart Retail Ltd. will...
Sale of Future Retail a breach of contract, Amazon tells Supreme Court
Amazon has accused Future Group founder Kishore Biyani and his extended family of breaching a 2019 contract agreement under which the American ecommerce firm invested in a promoter company of . “The promoters...
Amazon held back facts in Future group deal, says CCI
The Competition Commission of India (CCI) has issued a show-cause notice to Amazon.com Inc., seeking to know why certain facts were not disclosed about its 2019 purchase of a 49% stake in a Future Group entity. The...
Russian retailer Magnit finalises Dixy buy for 87.6 billion roubles
Russian retailer Magnit on Thursday said it had finalised its purchase of rival Dixy for 87.6 billion roubles ($1.2 billion), lower than the original price after the competition regulator last week ruled that 142 stores...
Future Retail | Amazon: ‘Future Retail is direct beneficiary of Amazon’s stake buy in promoter company’
Amazon has told the Supreme Court that Future Retail was direct beneficiary of the ecommerce giant’s 2019 investment into Future Coupons while arguing that Singapore emergency arbitrator’s award putting on hold the...
Russian retailer Magnit to buy fewer Dixy stores to comply with competition law
Retailer Magnit’s purchase of rival Dixy was approved by Russia’s competition regulator on Thursday with the provision that 142 convenience stores be left out of the deal, the company said. Magnit agreed in May to pay...
