Arisaig India Fund Ltd has cut its stake in Future Consumer by 2% by selling 3.84 crore shares in the open market. According to a BSE filing, Arisaig India Fund offloaded 3.84 crore shares, or 2% stake, on July 13...
Brazil’s Lojas Americanas raises 7.87 billion reais in share offering
Brazilian retailer Lojas Americanas raised 7.87 billion reais ($1.47 billion) in a primary share offering, aiming at capitalizing its subsidiary B2W Companhia Digital and expanding its business, two sources said. Lojas...
Arvind Fashions in talks with Reliance Retail to sell two denim brands
Arvind Fashions Ltd is in talks with Reliance Retail to sell two denim brands — Newport and Ruf & Tuff, three people familiar with the development said. It is also, separately, in talks with value retailer V...
Standard Life Aberdeen sells Boohoo shares, citing ‘inadequate’ response to allegations
Investor Standard Life Aberdeen said on Friday it had sold its shares in fashion retailer Boohoo, describing the company’s response to allegations of worker abuse at supplier factories as “inadequate”. SLA, previously...
Mexico’s Grupo Famsa cancels Chapter 11 bankruptcy proceedings for 2020 bond holders
Mexican retailer Grupo Famsa on Friday said it was withdrawing U.S. Chapter 11 bankruptcy proceedings for the holders of its bond notes expiring in 2020. The retailer added that the proceedings would continue for its...
Flipkart picks up minority stake in Arvind Youth Brand for ₹260 crore
E-commerce marketplace Flipkart on Thursday announced an investment of ₹260 crore to pick up a minority stake in Arvind Fashions recently-formed subsidiary Arvind Youth Brands which owns the Flying Machine brand...
Steinhoff agrees to sell stake in Conforama France to Mobilux
Scandal-hit Steinhoff International agreed to sell its stake in the struggling French unit of home furnishings chain Conforama to Mobilux Sàrl, the parent company of furniture retailer BUT, for a nominal amount, the...
Sears exploring sale of home improvement business
Sears is exploring a sale of its home improvement business following interest from potential suitors such as private equity firms, people familiar with the matter said on Wednesday. The struggling U.S. retailer’s Sears...
Amazon, SoftBank held talks over Russian online retailer Ozon, shareholder says
Global retail giant Amazon and Japanese SoftBank have made approaches to Russian conglomerate Sistema about a possible acquisition of its online retailer Ozon, Sistema’s majority owner Vladimir Evtushenkov said on...
Vitamin chain GNC files for bankruptcy, may close 1,200 stores and sell itself
GNC Holdings Inc, the vitamin and herbal supplement retailer, has filed for bankruptcy, with plans to close at least 800 to 1,200 locations and possibly sell itself. The 85-year-old company filed for Chapter 11...
Mukesh Ambani nears deal to buy stake in some units of Future Group
Reliance Industries is closing in on a deal that would see it acquire stakes in some units of Future Group, people familiar with the matter said, a move that would bolster the e-commerce ambitions of the conglomerate...
Detsky Mir co-owners cuts stakes in Russia’s first pandemic share sale
Russian conglomerate Sistema and the Russia-China Investment Fund (RCIF) have cut their stakes in children’s goods retailer Detsky Mir in Moscow’s first share offering since the coronavirus pandemic struck. Sistema and...
