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...
Retail
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...
S.Korean retail firms Lotte and Shinsegae bid for eBay Korea
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...
