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...
Retail
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...
France’s Ynsect targets food market with Protifarm buy
Ynsect has agreed a takeover of Dutch firm Protifarm, the French supplier of edible insects for animal feed said on Tuesday, marking a move into the food market amid rising demand for healthy, eco-friendly eating...
Amazon moves SC for stay on Delhi HC order till verdict on Future-Reliance deal dispute
Amazon has moved the Supreme Court challenging the Delhi High Court’s division bench order that had vacated a stay on Kishore Biyani-led Future Group proceeding with its Rs 24,713 crore asset sale to...
Staples to explore ‘all alternatives’ to buy Office Depot owner
Office supplies retailer Staples said on Wednesday it would evaluate “all alternatives” to acquire ODP Corp, weeks after the Office Depot and OfficeMax owner turned down the bigger rival’s proposal to buy some of its...
Amazon acquires Perpule for over Rs 107 cr to boost its tech for kiranas
Amazon Technologies Inc., part of Amazon.com Inc., has acquired retail tech firm Perpule in an all cash-deal of over Rs 107 crore to strengthen its efforts in the area of providing technology to kiranas, according to...
Mars Wrigley partners ANS Commerce for warehousing, delivery fulfilment
ANS Commerce, an e-commerce enablement start-up, has tied-up with fast-moving consumer goods company Mars Wrigley India to offer tech-enabled warehousing solutions to the confectionery and chocolate maker apart from...
French retailer Carrefour buys BIG in Brazil, lifting shares
Shares in Carrefour edged higher on Wednesday after the French supermarket retailer said it would buy Grupo BIG in a deal that values Brazil’s third-biggest food retailer at about $1.3 billion. The deal is the first...
Canada’s George Weston begins sale process for Weston Foods
Canada’s George Weston Ltd said on Tuesday that it has launched a sale process for its baked goods business, Weston Foods, as the food manufacturer looks to focus on its retail and real estate units. The company, which...
