JD Sports is in exclusive talks with British department store chain Debenhams over a potential rescue takeover, The Times reported on Monday. In August, Debenhams appointed Hilco Capital to draw up contingency plans for...
Delhi High Court reserves judgement in Future Retail case
The Delhi High Court has reserved its judgement in a case that was filed by Future Retail Ltd (FRL) in a bid to restrain Amazon from “derailing” a proposed takeover of Future’s assets by Reliance Retail. Future Group...
RIL-Future Retail deal gets CCI okay
The Competition Commission of India (CCI) on Friday approved Future Retail Ltd’s asset sale to Reliance Industries Ltd (RIL), in a setback for Amazon.com Inc., which had approached the anti-trust watchdog to halt...
Reliance Retail raises Rs 47,265 crore via 10.09% stake sale
Reliance Retail Ventures Ltd. said it completed the “largest fundraise exercise in the sector” by raising Rs 47,265 crore from global private equity funds for a 10.09 per cent stake, valuing the company at more than Rs...
‘Amazon seeking to exercise control over Future Retail without owning a stake’
World’s largest e-commerce company Amazon is seeking to derail India’s biggest retail acquisition using an agreement that gave it an indirect foothold in the owner of retail chain Big Bazaar, lawyers and...
NYC-based online grocer FreshDirect to be acquired by Ahold, Centerbridge
The online grocer FreshDirect agreed on Wednesday to be acquired by the supermarket operator Ahold Delhaize NV and private equity firm Centerbridge Partners LLC, as the coronavirus pandemic and growing acceptance of e...
Reliance Retail buys 96% stake in Urban Ladder for over Rs 182 crore
Reliance Industries’ (RIL’s) retail arm has acquired 96 per cent stake in Bengaluru-based online furniture retailer Urban Ladder for over Rs 182 crore. The deal is expected to help Mukesh Ambani-headed RIL take on...
Walmart sells majority stake in Seiyu, nearly exiting Japan
Walmart Inc is selling a majority stake in Japanese supermarket chain Seiyu to investment firm KKR and e-commerce company Rakuten for over $1 billion, after years of struggling to make money amid stiff competition. The...
Amazon asks Sebi to probe Future Retail for insider trading
Amazon has asked the market regulator Securities and Exchange Board of India (Sebi) to investigate Future Retail Ltd for insider trading, and accused the Kishore Biyani retail firm of breaching confidentiality by...
RIL deal: Delhi HC issues summons to Amazon on Future Retail’s suit
The Delhi High Court Tuesday sought Amazon’s response on a plea by Kishore Biyani-led Future Retail Ltd (FRL) alleging that the e-commerce major was interfering in its deal with Reliance Retail on the basis of an...
Reliance’s stake sale talks with Saudi Aramco gaining momentum: Report
Reliance Industries Ltd and Saudi Aramco are resuming talks over a 20% stake sale by the Indian conglomerate in its oil-to-chemical business after a brief pause due to COVID-19 pandemic, ET Now reported on Monday...
Walmart to sell operations in recession-hit Argentina, taking $1 billion hit
Walmart Inc, the world’s largest retailer, said on Friday it was selling its retail operations in Argentina to South American supermarket chain owner Grupo de Narváez, pulling back as the country grapples with an...
