Amazon.com NV Investment Holdings LLC and Kishore Biyani-led Future Group are gearing up for the last leg of the proceedings at Singapore International Arbitration Centre (SIAC) over Future Group’s sale of its retail...
Amazon was fully aware of talks with Reliance Industries for sale of retail assets: Kishore Biyani
Future Group founder and CEO Kishore Biyani on Tuesday said Amazon was fully aware of his group’s talks with Reliance Industries for the sale of retail assets that followed the US giant offering no concrete help...
Next CEO says not looking at majority stake in any Arcadia deal
British retailer Next said it was part of a consortium bidding for some of the brands owned by stricken rival Arcadia, but it would not take a majority stake in a deal. “We are part of a consortium that is bidding for...
Future, Amazon continue letter fight; write to SEBI over Future-Reliance deal
Continuing their letter fight, Amazon and Future Group have written to market regulator SEBI with contrasting requests over a Rs 24,713 crore buyout of assets of India’s second-largest retailer. Future Group has...
Amazon asks Sebi to wait for SIAC order
Amazon.com Inc. has asked India’s markets regulator to wait for the final order of a Singapore court before clearing the merger of Future group companies, a move that is seen as a precursor to an eventual sale of its...
Delhi High Court rules Amazon’s attempt to control Future violative of FEMA FDI
The Delhi High Court has ruled that US e-commerce giant Amazon’s attempt to control Future Retail through a conflation of agreements it has with an unlisted unit of the Indian company will be violative of the FEMA...
No relief to Future Retail from Amazon’s legal moves
The Delhi High Court dismissed a plea by Future Retail Ltd (FRL) asking it to stop Amazon from ‘interfering’ in a proposed sale of Future Group assets to Reliance Retail. It also said Reliance Retail’s plan...
Brazil retailer Magazine Luiza to pay $56 million for payments firm Hub
Brazilian retailer Magazine Luiza SA has agreed to buy financial technology firm Hub Prepaid Participações SA for 290 million reais ($56 million), a securities filing showed on Monday. Magazine Luiza, one of Brazil’s...
Delhi HC rejects Future’s plea for interim injunction against Amazon
The Delhi High Court on Monday declined to grant Kishore Biyani led Future Retail Ltd’s (FRL) plea for an interim injunction restraining Amazon from writing to SEBI, CCI and other authorities about the arbitral...
Rent-A-Center to buy Acima Holdings in $1.65 billion deal
U.S. retailer Rent-A-Center Inc said on Sunday it would buy Acima Holdings LLC in a cash-and-stock deal valued at $1.65 billion. The deal includes $1.273 billion in cash and about 10.8 million shares of Rent-A-Center...
Walmart partners with TikTok to sell merchandise while livestreaming
Walmart Inc, which is looking to invest in TikTok, said on Thursday it would partner with the Chinese-owned video-sharing app to sell items seen on a livestream by creators featuring the retailer’s fashion merchandise...
JD Sports buys Shoe Palace for $325 million to expand U.S. footprint
Britain’s biggest sportswear retailer JD Sports said on Tuesday it had bought retailer Shoe Palace for $325 million in a move that would expand its footprint in the U.S. West Coast, sending the company’s shares 5%...
