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...
Retail
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...
Future’s stress resolution plan hangs in the balance
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...
