Neiman Marcus Group is stepping up preparations to seek bankruptcy protection, after the coronavirus pandemic forced the debt-laden U.S. luxury department store chain to close its stores, people familiar with the matter...
Nykaa raises Rs 100 crore from existing investor Steadview Capital
Omnichannel lifestyle retailer Nykaa has secured Rs 100 crore in funding from its existing investor UK-based Steadview Capital as a primary investment. This comes as the Mumbai-based cosmetic retailer scaled down...
Kishore Biyani plans stake sale in Future Retail, insurance biz to tide over debt woes
Debt at the holding company level, plunging share price of listed entities, and crashing sales due to the Corona virus scare, have forced Future Group founder Kishore Biyani to explore a significant stake dilution in...
Retailer Casino to sell Leader Price assets in France to Aldi
Debt-laden French retailer Casino has agreed to sell 567 Leader Price stores in France, plus three warehouses, to German discount rival Aldi in a deal with an enterprise value of 735 million euros ($792 million), it...
Couche-Tard still interested in Caltex Australia despite market collapse
Canadian convenience store operator Alimentation Couche-Tard still wants to take over refiner and marketer Caltex Australia Ltd despite global market turmoil, Chief Executive Brian Hannasch said. Couche-Tard is “in the...
NCLAT sets aside CAIT plea against CCI nod to Flipkart’s acquisition by Walmart
A two-member bench of the appellate tribunal headed by Justice S J Mukhopadhaya said CAIT failed to establish its allegations against CCI granting approval for Walmart-Flipkart deal. NCLAT also said Flipkart was not...
Tesco clinches $10-billion Asian sale to Thai billionaire
Tesco agreed to sell its Asian businesses to Thai billionaire Dhanin Chearavanont for more than $10 billion, clinching a record deal in Thailand even as the coronavirus outbreak damps enthusiasm for mergers and...
Tesco to consider Thai bids for Asian assets on Sunday: sources
British retailer Tesco (TSCO.L) is set to assess bids by Thai billionaires for its Asian business on Sunday, a potential deal which could be worth just over $10 billion, four banking sources with knowledge of the matter...
Reliance Retail buys Tamil Nadu based grocery chain
Reliance Retail has acquired a Coimbatore-based retail company that operates more than two dozen grocery outlets. New Delhi: Reliance Retail has acquired a Coimbatore-based retail company that operates more than two...
Japan’s Seven & i abandons $22 billion bid for Speedway gas stations in U.S.: source
Japanese retail group Seven & i Holdings has abandoned a bid for Marathon Petroleum Corp’s Speedway gas stations in the United States after balking at the price, which media reports had put at $22 billion, a source...
Sysco contacted Germany’s Metro over potential takeover: sources
U.S. food distributor Sysco has contacted Metro about a potential takeover of the German wholesaler, two people close to the matter told Reuters on Tuesday. Once a sprawling retail conglomerate, Metro has restructured...
Gaja Capital, L Catterton eye 40% stake in Zivame
Home-grown private equity fund Gaja Capital and global fund L Catterton are in separate discussions to acquire about 40% stake in leading women’s lingerie retailer Zivame. In this proposed secondary transaction, the 40%...
