Authentic Brands is plotting a double takeover of collapsed department store chain Debenhams and Topshop-owner Arcadia Group, The Daily Telegraph newspaper reported on Saturday, citing sources. Authentic Brands, owner...
Heritage Foods advances 16% after stake sale in Future Retail to pare debt
Shares of Heritage Foods advanced 16 per cent to Rs 325 on the BSE after the company sold its entire stake in Future Retail for about Rs 132 crore to pare debt. “The Company has disposed off its entire...
UK regulator starts probe of Asda sale to Issa brothers and TDR
Britain’s competition regulator said on Tuesday it had formally launched an inquiry into the acquisition of British supermarket group Asda by the Issa brothers and private equity group TDR Capital. In October, Mohsin...
Ashley’s Frasers Group eyes collapsed British retailer Debenhams
Mike Ashley’s Frasers Group said it is in negotiations to buy collapsed department store chain Debenhams from administrators in a rescue deal, which would further extend the retail billionaire’s reach in the British...
Future-Reliance deal: Regulator Sebi awaits clarification before go-ahead
Markets regulator Sebi has sought some “clarification” from leading stock exchange BSE before giving its go-ahead to the Rs 24,713 crore deal between Future group and Mukesh Ambani’s Reliance...
Flipkart notifies CCI of proposed deal with Aditya Birla Fashion and Retail
E-commerce major Flipkart notified the Competition Commission of India (CCI) of its proposed acquisition of 7.8% stake in Aditya Birla Fashion and Retail Ltd (ABFRL), through its wholly-owned subsidiary Flipkart...
Sebi questions BSE on its nod for Future deal
The markets regulator has questioned BSE’s alacrity in clearing the share capital reorganization of Future Group firms, as part of a $3.5 billion acquisition by Reliance Industries Ltd (RIL), despite four unresolved...
Future Group, Amazon pick legal nominees for Singapore Arbitration Panel
The Singapore International Arbitration Centre (SIAC) will consider next week the nominees proposed by Amazon and Future Group for the panel that will adjudicate the dispute between them. Amazon has suggested Brussels...
Sycamore unit to acquire Ann Taylor, Loft, others for $540 million
Ascena Retail Group, which owns clothing brands such as Ann Taylor and Loft, said on Thursday it will be acquired by Premium Apparel LLC for $540 million on a cash-free and debt-free basis. Premium Apparel, a unit of...
Amazon-Future tussle: Singapore’s arbitration court rejects Biyani’s plea
Future Retail Ltd’s plea to be excluded from being a party to the Amazon-Future Coupons’ arbitration proceedings has been turned down and the Court of Singapore International Arbitration Centre (SIAC) has...
NSE warned Future Retail of action over disclosures on Amazon dispute
TheNational Stock Exchange (NSE) privately warned Future Retail it risked regulatory action for not making timely market disclosures about efforts by Amazon.com to block a disputed asset sale, according to e-mails...
‘Big Brother’ Amazon targeted in fight with Mukesh Ambani over Kishore Biyani’s Future
A battle between Amazon.com Inc. and Reliance Industries Ltd. to dominate India’s $1 trillion consumer market is stoking nationalist rhetoric in a courtroom and outside, as the two companies tussle over the future of a...
