Kishore Biyani-led Future Enterprises, which is all set to strike a deal with Reliance Industries to sell its retail business, has set September 7 as the new date for the board meeting. Earlier, the board was scheduled...
RIL’s retail arm to acquire Future Group’s key businesses for ₹24,713 crore
Reliance Retail Ventures Ltd. (RRVL) will acquire Future Group’s retail, wholesale, logistics and warehousing businesses for ₹24,713 crore, the Reliance Industries subsidiary said in a release. The much-awaited deal...
Future set to seal the deal with Reliance today
The board of Future Enterprises Ltd (FEL) is set to meet on Saturday to approve the impending sale of Future Group’s retail assets to Reliance Retail, people familiar with the development said, seeking anonymity. The...
Walmart ad revenue could quickly jump if TikTok bid succeeds
Walmart Inc could turn into an online advertising leader if its plan to acquire popular short-form video app TikTok goes through, analysts said on Friday. The proposed purchase, in partnership with Microsoft Corp, would...
Phoenix Mills eyes acquisitions as malls’ valuations turn attractive post Covid-19
Retail-led mixed-use assets developer and operator The Phoenix Mills is eyeing inorganic growth opportunities as the Covid-19 pandemic and subsequent lockdowns have made the valuations of probable acquisitions...
Future Enterprises board meets tomorrow to seal Reliance Retail deal
The board of Future Enterprises will meet on Saturday to finalise the sale of the group’s retail business to Reliance Retail. The all-cash deal will see the Mukesh Ambani company take on Future Group’s debt and...
French retailer Carrefour to buy 172 stores in Spain
French supermarket retailer Carrefour has agreed to buy 172 stores under the Supersol banner in Spain, in a deal worth an enterprise value of 78 million euros ($92.3 million) which would strengthen Carrefour’s number...
Future Enterprises plans to raise funds
Future Enterprises on Wednesday said it is considering to raise funds through issuance of bonds. The board of the company is scheduled to meet on August 29 to consider and evaluate proposals to raise funds by way of...
Mukesh Ambani may buy Urban Ladder, Milkbasket to boost Reliance’s e-tail play
Reliance Industries is in talks to acquire online furniture brand Urban Ladder and milk delivery platform Milkbasket as it looks to strengthen its e-commerce play, said multiple sources familiar with the matter. This...
Billionaire founder of Japan’s Zozo takes stakes in fashion retailers
The billionaire founder of Japanese online fashion store Zozo Inc, Yusaku Maezawa, acquired large stakes in two Japanese apparel companies including multi-brand retailer United Arrows, regulatory filings showed on...
Authentic Brands and SPARC set to clinch Brooks Brothers
U.S. apparel retailer Brooks Brothers said late Tuesday it is likely to be acquired by Authentic Brands Group LLC and SPARC Group LLC after they increased their offer to $325 million. The 200-year old iconic apparel...
Off-price retailer Stein Mart files for Chapter 11 bankruptcy protection
Off-price retailer Stein Mart Inc filed for Chapter 11 bankruptcy protection on Wednesday, becoming the latest apparel seller to crumble under the economic stress caused by coronavirus-led lockdowns. The Jacksonville...
