The Flipkart Group on Thursday announced a strategic investment in USPL – a premium youth-focused fashion firm that operates brands like Wrogn – in a bid to strengthen its fashion portfolio. While the...
Saudi Arabia’s wealth fund buys 2.04% stake in Reliance Retail Ventures
Saudi Arabia’s Public Investment Fund (PIF) will invest Rs 9,555 crore ($1.29 billion) for 2.04 per cent equity stake in Reliance Industries’ (RIL’s) retail arm. This investment values Reliance Retail Ventures (RRVL) at...
Amazon-Future coupons deal named 15 companies as untouchables
Amazon’s shareholders’ agreement with Future Coupons had barred not just Reliance Industries but tens of companies including Walmart, Google and Zomato from buying into Future Group’s retail assets. The US...
Banks lay groundwork for Future debt recast
Lenders to Future group have signed inter-creditor agreements (ICA), paving the way for a potential restructuring of the group’s stressed loans, two people aware of the development said. The move by the lenders...
French investor Eurazeo sells out of Farfetch
French investment group Eurazeo said on Tuesday it had raised 90 million euros ($105.02 million) through the sale of its stake in luxury fashion retailer Farfetch. It did not disclose the identity of the buyer of the...
Future Group files caveat petitions against Amazon in Delhi High Court
The Future Group on Monday filed two caveat petitions in the Delhi High Court against Amazon, anticipating that the US ecommerce giant could approach the court over the Indian group’s deal to sell its retail assets to...
Alibaba looking to invest in online fashion retailer Farfetch: The Information
Alibaba Group Holding Ltd is in advanced talks to invest nearly $300 million in online luxury fashion retailer Farfetch Ltd, the Information reported on Monday, citing people familiar with the matter. Shares of London...
Carrefour buys Bio C’Bon to accelerate organic food focus
Carrefour, Europe’s largest retailer, said on Monday it was buying the bankrupt specialist distributor Bio c’Bon for 60 million euros ($69.79 million), as part of plans to revamp its food range and focus...
RIL deal: Future Retail asks exchanges to disregard arbitration order
Future Retail (FRL) on Sunday asked the stock exchanges to not take cognisance of an order by Emergency Arbitrator (EA) nominated by the Singapore International Arbitration Centre (SIAC) that barred the company from...
Singapore order won’t impact assessment of Future-RIL deal: CCI official
The interim judgement of a Singapore arbitration court barring the Future Group from going ahead with the deal with Reliance Retail will not have a bearing on the Competition Commission of India’s regulatory assessment...
Future-Reliance deal: BSE to consult SEBI after Amazon’s objection, says report
The Bombay Stock Exchange (BSE) will consult the market regulator and seek clarifications from Future Retail and Reliance Industries about their $3.4 billion transactions, following Amazon’s objection to the deal...
Amazon asks Sebi, bourses to note arbitration ruling on Future-RIL deal
E-commerce giant Amazon has written to markets regulator Sebi and stock exchanges, urging them to take into consideration the Singapore arbitrator’s interim judgement that has put on hold the Rs 24,713-crore deal...
