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...
Retail
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...
Brazil’s Soma in talks to acquire Cia Hering for $967 million
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...
