Britain’s online fashion retailer Boohoo Group is in advanced talks to acquire clothing brands Burton, Dorothy Perkins and Wallis from the administrator to Philip Green’s Arcadia Group, Sky News reported on...
Aditya Birla Fashion and Retail acquires 51% stake in Sabyasachi Couture for Rs 398 crore
Aditya Birla Fashion and Retail Limited (ABFRL) has acquired 51% stake in Sabyasachi Couture that runs the eponymous designer brand, for Rs 398 crore. The all cash deal is expected to be completed in 30-45 days, the...
Samara-Amazon invests RS 275 crore into More Retail; More reduces losses
Samara Capital and Amazon have invested Rs 275 crore into their Indian joint venture Witzig Advisory Services that owns and operates the food and grocery retail chain More. Witzig, in turn, has invested the amount into...
ASOS in talks to buy Topshop, Miss Selfridge brands from Arcadia
British online fashion retailer ASOS said on Monday it was in exclusive talks to buy the Topshop, Topman, Miss Selfridge and HIIT brands from the administrators of British tycoon Philip Green’s Arcadia Group. ASOS said...
After failed Carrefour bid, Couche-Tard seeks to reassure befuddled shareholders
Canadian convenience store operator Alimentation Couche-Tard Inc has been quietly reassuring shareholders about its growth strategy after its abrupt plan to buy French retailer Carrefour SA befuddled investors and cast...
Sebi gives nod to Reliance’s acquisition of Future Retail
The Securities and Exchange Board of India (Sebi) has approved Reliance Retail’s acquisition of Future Group’s retail assets on Wednesday. The BSE on Wednesday said, based on the comment offered by SEBI, it has no...
Delhi HC issues notice to Future, RIL retail arms on Amazon’s plea
Jeff Bezos-led Amazon is leading the battle with Kishore Biyani-headed Future Group on multiple fronts related to the retail conglomerate’s $3.4-billion deal with Reliance. The Delhi High Court (HC) on Wednesday served...
Amazon challenges Delhi High Court view on Future-RIL deal
Amazon challenged the Delhi High Court’s recent observation that Reliance Retail’s deal to acquire the assets of Future Retail Ltd was valid. It said the view of the single-judge bench was “illegal, invalid, unjustified...
Amazon writes to Sebi again, urges it to suspend review of Future-RIL deal
E-commerce major Amazon has written to Sebi yet again, apprising the market regulator of the formation of the arbitration tribunal at SIAC while urging it to suspend the review of the Rs 24,713 crore Future-RIL deal. It...
Britain’s M&S buys Jaeger brand
British retailer Marks & Spencer has purchased the Jaeger brand from its administrators as part of a strategy to bolster its clothing division with new names, it said on Monday. M&S said it was in the final...
Staples offers $2.1 billion cash to buy Office Depot parent
Office supplies retailer Staples on Monday said it made an offer to buy Office Depot owner ODP Corp for $2.1 billion in cash, nearly five years after its second takeover effort was rejected. The U.S. Federal Trade...
Kishore Biyani sees quick OK of Future’s $3.4 billion deal despite Amazon dispute
India’s Future Group expects swift regulatory approval of its $3.4 billion deal to sell its retail assets, its chief executive said, even as its warring business partner Amazon.com Inc intensifies efforts to block...
