South Korean retailers Lotte Shopping and Shinsegae Group entered separate binding bids for eBay’s South Korean business, the retailers’ spokesmen said on Monday. eBay Korea – South Korea’s third...
Russian food retailer Lenta sees scope for more deals – CEO
Russian food retailer Lenta sees scope for more deals after its purchase of Billa, Chief Executive Vladimir Sorokin told Reuters, as the domestic market is still too fragmented, offering good opportunities for it to...
Etsy courts Gen-Z with $1.6 billion deal for fashion reseller Depop
Etsy Inc said on Wednesday it would buy Generation-Z focused fashion resale company Depop for $1.63 billion, seeking to attract younger shoppers and bolster its position in a booming market in vintage or used clothing...
Phoenix Mills eyes buyouts, fresh investments for growth
Mall developer Phoenix Mills Ltd (PML), which is closing two funding deals with Singapore’s GIC Pte Ltd and Canada Pension Plan Investment Board (CPP Investments), will look at acquisitions and fresh investments for...
ISS recommends Extended Stay’s shareholders to vote against Blackstone’s takeover offer
A proxy adviser has recommended shareholders of hotel operator Extended Stay America Inc to vote against a joint $6 billion takeover offer by two private-equity firms, saying the current deal terms do not appear to be...
RIL seeks NCLT nod for shareholder meeting to approve Future group deal
Reliance Industries (RIL) on Wednesday sought permission from the Mumbai bench of the National Company Law Tribunal (NCLT) to hold a shareholders’ meeting to consider and approve the nearly Rs 25,000-crore deal signed...
Retailer Lenta open to more M&A after Billa Russia deal
Food retail group Lenta will keep a lookout for more M&A opportunities in Russia after it agreed to acquire the supermarket business of Billa Russia for 215 million euros ($263 million) in a deal seen boosting its...
Heineken in talks to buy South African drinks maker Distell
Heineken NV is in talks with South African drinks maker Distell about a possible acquisition, the two companies said on Tuesday, in what would mark a push into wine and spirits for the world’s second-largest brewer...
Home decor chain At Home Group to go private in $2.8 billion deal
U.S. retail chain At Home Group Inc said on Thursday private equity firm Hellman & Friedman will take the company private in a deal valued at $2.8 billion, at a time when demand for home decor and home-furnishing...
Office Depot owner ODP Corp to split into two companies
Office Depot owner ODP Corp said on Wednesday it would spin off its distribution platform, which schools, offices and other businesses use to buy supplies, into a separate company. ODP, which rejected rival office...
Supreme Court defers Amazon-Future case hearing to end-June
The Supreme Court has deferred the hearing of the Amazon-Future dispute by nearly two months to 28 June as it attends to more pressing matters amid the raging viral pandemic, two people aware of the matter said. The top...
Lojas Americanas to transfer assets to B2W, plans U.S. listing next year
Lojas Americanas SA will transfer its assets to fellow Brazilian retailer B2W under a stock transaction agreement approved by both companies boards, according to filings on Wednesday. Although the markets expected a...
