Future Group, which is locked in a legal battle with Amazon.com Inc., has asked a Singapore arbitration court to remove Future Retail Ltd (FRL) from the scope of its order that temporarily blocked the Kishore Biyani-led...
China’s JD.com in talks to buy stake worth $1.5 billion in brokerage – sources
JD.com Inc is in talks to buy part or all of a stake in brokerage Sinolink Securities worth at least $1.5 billion, three people said, as the e-commerce major aims to bolster its financial services operations. A deal to...
Tata seeks CCI nod to buy majority stake in BigBasket
Indian conglomerate Tata Sons plans to buy a majority stake in Alibaba-backed online grocery seller BigBasket, a filing with the country’s antitrust body showed on Friday. The deal, if approved, would put Tata...
Britain’s Next snaps up 25% stake in upmarket rival Reiss
British clothing retailer Next has agreed to buy a 25% stake in upmarket smaller rival Reiss and has an option to secure majority control, it said on Wednesday. The UK clothing sector has been hammered by COVID-19...
Casino’s parent Rallye in exclusive talks to sell Go Sport
Rallye, the indebted parent of French retailer Casino, said on Wednesday it has entered into exclusive talks to sell sports equipment unit Go Sport to French property group Financiere Immobiliere Bordelaise (FIB). If...
RIL to back Future Retail’s operations
Reliance Industries Ltd (RIL) has agreed to extend operational support to Future Retail Ltd to prevent its collapse while its ₹24,713-crore deal to buy the cash-strapped retailer’s assets awaits approval from a company...
Traders’ body asks Amazon to back off from RIL-Future Group deal
Traders’ body AICPD and NGO Prahar in an open letter on Thursday asked Amazon to ‘back off’ from blocking the Reliance-Future Group deal, alleging mall vendors and suppliers have become collateral...
Amazon charted out plans to rescue Future
Amazon.com Inc. assembled a team of bluechip investors, including PremjiInvest, TPG Capital, Verlinvest and SSG Capital, to rescue Kishore Biyani’s flailing Future Group in early 2020, two people familiar with the...
Estee Lauder to pay $1 billion for controlling stake in Ordinary skincare owner
Cosmetics maker Estee Lauder Cos Inc said on Tuesday it had offered about $1 billion to take control of DECIEM Beauty Group Inc, the parent company of Ordinary skincare brand. The M.A.C brand owner, which is raising its...
SC bars NCLT from giving approval to Future Retail-Reliance Industries deal
The Supreme Court on Monday restrained theNational Company Law Tribunal (NCLT) from approving the ₹24,713-crore deal between Kishore Biyani’s Future Retail Ltd (FRL) and Reliance Industries Ltd (RIL) after Amazon.com...
Amazon urges NCLT not to allow any meeting of Future Group’s shareholders, creditors for approving RIL deal
Amazon has written to the National Company Law Tribunal (NCLT), objecting to Future Group’s petition that sought the latter’s nod to hold a shareholders’ meeting that would approve its Rs 24,713-crore deal with Reliance...
BigBasket says no comment on Tata Group’s acquisition bid
BigBasket on Wednesday refused to comment on reports that Tata Group is acquiring a majority stake in the grocery delivery platform. TechCrunch earlier reported, citing sources, that Tata Group is buying over 60 per...
