Chinese internet giant Alibaba Group opens new tab is looking to sell a number of consumer sector assets, including grocery business Freshippo and retailer RT-Mart, three sources with knowledge of the situation said...
Japan’s Aeon in exclusive talks to buy Tsuruha stake from Oasis
Japanese retail giant Aeon Co Ltd has entered into exclusive talks with Oasis Management to acquire shares the Hong Kong-based activist investor holds in drugstore chain Tsuruha Holdings Inc, it said on Monday. Details...
Kroger, Albertsons need more time to close on $25 billion proposed merger
Grocers Kroger and Albertsons said that they plan close the proposed $24.6 billion merger in the first half of Kroger’s fiscal 2024 instead of early 2024. The merger, first announced in October 2022, has drawn the...
Zara founder Ortega buys Dutch warehouse leased to Primark for $110 million
Spanish billionaire Amancio Ortega has bought a logistics centre in the Netherlands currently used by rival British fashion retailer Primark for 110 million euros ($121 million), his family office Pontegadea said...
NCLAT rejects plea to initiate insolvency proceedings against Aditya Birla Fashion
The National Company Law Appellate Tribunal (NCLAT) dismissed a plea of an operational creditor to initiate insolvency proceedings against Aditya Birla Fashion and Retail Ltd (ABFRL). The appellate tribunal upheld the...
Kretinsky-led consortium set to own 53.7% of retailer Casino’s capital
A consortium led by Czech billionaire Daniel Kretinsky will own and control 53.7% of French retailer Casino’s share capital once a restructuring plan is completed, Casino said. Current shareholders will be...
India’s Tata Capital eyes fashion brand Rare Rabbit at $300 mln valuation – sources
India’s Tata Capital is looking to purchase a roughly 13% stake in premium domestic fashion brand Rare Rabbit at a valuation of $300 million, as it seeks to bet on the country’s affluent shoppers, three...
NCLT admits Sahara group subsidiary into insolvency
The National Company Law Tribunal has ordered insolvency proceedings against a Sahara Group subsidiary, deciding that a dispute raised by the company against its creditor was a means to avoid paying its dues. A Mumbai...
Reliance Retail and Naturals Salon call off deal talks
Reliance Retail and Naturals Salon & Spa have called off their acquisition talks on differences in valuation of the latter, executives aware of the development said. Reliance Retail had been in advanced negotiations...
CCI approves Titan’s acquisition of additional stake in CaratLane
Fair trade regulator Competition Commission of India (CCI) cleared the acquisition of an additional stake purchased by Titan in CaratLane. CaratLane is engaged in the business of manufacture and sale of gems and...
UK to explore options for NatWest retail share offer
Britain’s finance minister Jeremy Hunt said he would explore options for a NatWest share offer to the public in the next 12 months, to allow the government to reduce its stake in the bank. The government has been...
Space Mantra and Donear Industries submit plans for Future Lifestyle Fashions
Kishore Biyani-promoted Future Lifestyle Fashions (FLFL) that ran the Central and Brand Factory stores has received two resolution offers, one each from scrap dealer Space Mantra and fashion retailer Donear Industries...
