Brazilian apparel retailer Grupo de Moda Soma is in exclusive talks to acquire Cia Hering for 5.3 billion reais ($967 million) in a cash and share deal, according to securities filings by both companies on Monday. The...
Nestle in talks to buy vitamin maker Bountiful: WSJ
Nestle SA is in talks to buy nutritional supplements maker Bountiful Co for a price in the mid-single-digit billions, the Wall Street Journal reported on Friday, citing people familiar with the matter. The deal could be...
Lenders to withdraw debt recast if Future Group-RIL deal goes through
Lenders to Kishore Biyani’s Future Group will withdraw the just-approved debt recast plan that offered easier repayment options, if the troubled retailer’s Rs 24,713 crore asset sale to Reliance Industries...
B2B e-com marketplace Beldara raises $7.4 mn from Hindustan Media Ventures
Global business-to-business e-commerce marketplace, Beldara has secured $7.4 million from Hindustan Media Ventures, the investment arm of HT Media Ltd. The startup will look to accelerate its brand presence and add new...
LVMH raises stake in Italy’s Tod’s to 10%
French luxury goods group LVMH will increase its stake in fashion company Tod’s to 10%, Tod’s said on Thursday, in a move which sources described as “friendly support” for the Italian struggling leather goods maker...
Hammerson exits UK retail parks sector with $459 million assets sale to Brookfield
Hammerson said on Wednesday it sold seven retail parks to Canadian private-equity firm Brookfield Asset Management for 330 million pounds ($459.33 million), marking the mall operator’s exit from the UK retail parks...
Lenders to Future Enterprises, Future Supply Chain Solutions approve debt restructuring
Lenders to two more Future group firms — Future Enterprises and Future Supply Chain Solutions — have approved a resolution plan to restructure the existing secured financial debt of the companies, as per...
Future Retail’s debt plan passage eases some immediate woes
Indian supermarket operator Future Retail Ltd. approved a debt resolution plan that eases some immediate concerns as a legal battle with partner Amazon.com Inc. threatens to delay an asset sale to Reliance Industries...
SC halts all proceedings in Amazon-Future case in HC
The Supreme Court on Monday halted all legal proceedings between Amazon.com Inc. and Future Group in the Delhi high court over the Kishore Biyani-led retail chain’s proposed ₹24,713 crore asset sale to Reliance...
Italy’s Etro is considering interest from L Catterton -source
Italian fashion group Etro said on Monday it was assessing possible partnerships to drive future growth after reports of interest from buyout firm L Catterton. A source close to the matter earlier on Monday told Reuters...
Australia’s Centuria Capital to buy Primewest for $462 million
Australian investment manager Centuria Capital Group said on Monday it would buy Primewest Group in a stock and cash deal that values the property fund manager at A$598.8 million ($462.51 million). Primewest...
Amazon moves SC against Delhi HC stay order restraining Future Retail deal with Reliance
Future Retail today said Amazon has approached Supreme Court against a Delhi High Court order which stayed a single judge’s order restraining Future Retail Ltd from going ahead with its ₹24,713 crore deal with...
