A Singapore arbitration tribunal on Monday began hearing Future Group’s plea to lift the stay on the deal to sell its retail assets to Reliance Retail and exclude its flagship listed company as a party to the dispute...
Australia’s Wesfarmers eyes pharmacy sector with $509 million API bid
Australian retail conglomerate Wesfarmers Ltd on Monday lobbed a A$680 million ($509 million) indicative bid for pharmacy chain Australian Pharmaceutical Industries (API), its first foray into the sector. Wesfarmers...
Future deal: SC to hear on July 20 Amazon plea against HC verdict
The Supreme Court on Thursday said it would hear on July 20 the Amazon plea against the Delhi High Court verdict that stayed the directive by its single-judge and paved the way for the multi-billion dollar deal to...
Germany’s Phoenix buys European businesses from McKesson
German drug distributor Phoenix Group has agreed to buy parts of U.S.-based McKesson’s European operations, the two companies said on Wednesday, without providing financial details. The deal includes McKesson’s...
Reliance in talks to buy stake in home fashion brand Portico
Reliance Industries is close to buying a substantial stake in Portico, a home fashion brand, two people with direct knowledge of the matter said. Portico is a fast-emerging brand owned by the Creative Group that...
Tata eyes cost synergies post BigBasket deal
Fast-moving consumer goods (FMCG) firm Tata Consumer Products Ltd (TCPL) will work “very closely” with BigBasket, an e-commerce platform that was recently acquired by the Tata Group, to drive synergies in terms of...
Britain’s Morrisons agrees $8.7 bln takeover by Fortress-led group
Morrisons has agreed to a takeover led by SoftBank owned Fortress Investment Group that values Britain’s fourth-largest supermarket chain at 6.3 billion pounds ($8.7 billion) and tops a rival offer from a U.S...
Etsy acquires Brazilian online marketplace Elo7 for $217 million
E-commerce company Etsy Inc said on Monday it had acquired Elo7 — a Brazilian online marketplace specializing in made-to-order products — in a $217 million cash transaction in a first move to expand into Latin America...
SIAC to start hearing over Amazon-Future dispute from July 2
The Singapore International Arbitration Centre (SIAC) will start its final hearing over a plea filed by e-commerce major Amazon against the Rs 24,713 crore deal between Future Group and Reliance Industries from July 2...
Carrefour mulls consolidation, alliances or divestitures for foreign units
French retailer Carrefour said on Wednesday it had started considering possible consolidation, divestitures or tie-ups of its foreign subsidiaries, but had not made a decision to sell any assets. The French weekly...
NCLT reserves order on Reliance Retail’s plea to seek shareholders nod on Future Retail deal
On Tuesday, the National Company Law Tribunal (NCLT) reserved its order in the petitions filed by Retail Retail entities to hold meetings of their shareholders and creditors to consider and approve the proposed merger...
Indian court dismisses pleas by Amazon, Flipkart to quash CCI’s antitrust probe
An Indian court on Friday dismissed pleas by Amazon.com Inc and Walmart’s Flipkart to quash an antitrust investigation, a lawyer told Reuters, more than a year after the probe was put on hold after legal...
