Sweden’s Kinnevik AB is selling a 4.2% stake in online fashion retailer Zalando through an accelerated bookbuilding process, it said on Monday. Kinnevik said it was selling 10.6 million existing shares, representing 4...
Future Retail plans stake sale; in talks with Premji Invest, others
Future Retail is in talks with a consortium of investors led by Premji Invest to sell a stake in the retail chain, even as it is continuing parallel discussions with Reliance Retail, Amazon and Samara Capital for a...
Ula raises $10.5 million from Sequoia, Lightspeed India
Small-retailers focussed marketplace app Ula has raised seed funding of $10.5 million led by Sequoia India and Lightspeed India. Indonesia-based venture capital fund, SMDV, growth-stage fund Quona Capital, early stage...
Mall operator Simon Property abandons $3.6 billion acquisition of Taubman
Simon Property Group Inc, the biggest U.S. mall operator, said on Wednesday it was ending its $3.6-billion deal to buy Taubman Centers Inc, citing the beating the retail sector has taken during the COVID-19 pandemic...
Tiger Global to move court over denial of tax relief on Flipkart stake sale
Private equity firm Tiger Global is set to drag the revenue department to court, after quasi-judicial body Authority of Advance Ruling (AAR) refused to grant relief over taxability of its Rs 14,500-crore sale of...
Buyout firm Sycamore Partners in talks to buy J.C. Penney – sources
Private equity firm Sycamore Partners is in preliminary talks to acquire J.C. Penney Co Inc out of bankruptcy should the U.S. department store chain’s negotiations with its creditors fail, three people familiar with the...
UK’s Boohoo buys out prettylittlething shareholders for 270 million pounds
British online fashion retailer Boohoo has acquired the remaining 34% of shares in the prettylittlething (PLT) brand from minority shareholders for an initial 269.8 million pounds ($331 million), it said on Thursday...
Future Retail to raise up to ₹650 cr to reduce debt
Debt-ridden Future Retail on Wednesday said its board has approved raising up to ₹650 crore by issuing non-convertible debentures (NCDs) to pare debt. The NCDs will be issued on private placement basis in one or more...
Novo Banco seeks to offload Spanish retail network: sources
Portuguese lender Novo Banco is looking to sell its loss-making retail network in Spain as it faces pressure to prop up its balance sheet and prevent further losses, two sources told Reuters. Novo Banco has reached out...
Apollo Global invests $1.75 billion in U.S. supermarket operator Albertsons
Buyout firm Apollo Global Management said on Wednesday it has invested $1.75 billion in Albertsons Companies Inc, a sign of confidence in the debt-laden U.S. supermarket operator whose fortunes have picked up in the...
Kishore Biyani’s Future Consumer to raise ₹300 crore through rights issue
Kishore Biyani’s FMCG business Future Consumer Ltd on Saturday said that its board had approved raising up to Rs300 crore through a rights issue. Future Consumer sells over 30 brands across packed foods...
J.C. Penney files for bankruptcy protection
J.C. Penney Co Inc filed for bankruptcy protection on Friday with plans to permanently close some stores and also explore a possible sale, making it the latest brick-and-mortar retailer to crumble as prolonged store...
