Lenders to Future Group have not initiated formal talks on a one-time debt recast plan and are instead pinning their hopes on a favourable outcome of the legal battle between the Indian retail chain and Amazon.com Inc...
Pinault says Kering is looking at M&A options but focus is on organic growth
French luxury goods group Kering is looking at possible mergers and acquisitions seriously, but M&A is not indispensable for its future growth, Chairman and Chief Executive Francois-Henri Pinault said on Wednesday...
Tata group to take $1.3 billion stake in BigBasket: Report
India’s Tata group will buy a 68% stake in online grocery startup BigBasket for about ₹9500 crore ($1.31 billion), television channel ET Now said on Tuesday, citing sources. The salt-to-software conglomerate has...
Issa bros and TDR Capital complete $9.5 billion Asda purchase
Britain’s Issa brothers and private equity firm TDR Capital said on Tuesday they had completed the acquisition of supermarket group Asda from Walmart for an enterprise value of 6.8 billion pounds ($9.5 billion). The...
RIL | Future Retail: Samara-Future signed term sheet 2 months prior to RIL deal announcement
As early as June 30 last year, Amazon-backed private equity firm Samara Capital had signed a non-binding term sheet with Future Retail Ltd (FRL) that entailed a Rs 7,000 crore investment, reveal documents and...
Amazon had asked for $40 mn as compensation for RIL deal: Future Group
Amazon had asked for USD 40 million (around ₹290.41 crore) in compensation from Future Group for the deal with Reliance Industries, and Amazon’s claim of not being informed of the deal is incorrect, documents submitted...
Gap in talks with Myntra for a tie-up
US apparel retailer Gap Inc. is in talks with Flipkart-owned fashion e-tailer Myntra as it explores potential partnerships in India after ending a franchise pact with Arvind Lifestyle Brands Ltd (ALB) last year, said...
Amazon moves SC in Future Retail-Reliance Industries case
Amazon.com NV Investment Holdings on Thursday filed a special leave petition in the Supreme Court against a recent Delhi high court order that allowed Future Group to go ahead with its proposed ₹24,713 crore deal with...
Amazon appeals to Supreme Court in Future deal dispute: Sources
Amazon.com Inc has mounted a legal challenge against its partner Future Group’s $3.4 billion retail assets sale in the Supreme Court, three sources told Reuters on Thursday, marking the U.S. firm’s latest...
Explained: Why Amazon is feuding with its partner Future Group and billionaire Mukesh Ambani
A legal spat between Amazon.com Inc. and its Indian partner that started with an arbitration verdict in Singapore has got fiercer in New Delhi courtrooms. And neither side is ready to back off. The US e-commerce giant...
Delhi High Court stays direction to maintain status quo on Future-Reliance deal
The Delhi High Court on Monday stayed its single judge direction to Future Retail Ltd (FRL) and various statutory authorities to maintain status quo with regard to the Rs 24,713 crore deal with Reliance Retail. A bench...
Setback for Amazon as HC lifts status quo on $3.4 bn Future-Reliance deal
The Delhi High Court on Monday stayed its single-judge direction to Future Retail Ltd (FRL) and various statutory authorities to maintain the status quo with regard to the Rs 24,713-crore deal with Reliance Retail in a...
