Kishore Biyani-led Future Retail Ltd, which runs the Big Bazaar chain of stores, on Tuesday raised $500 million through dollar-denominated bonds. The Future Retail board had approved the fundraising exercise on 4...
IKEA enters UK shopping centers market with London mall deal
IKEA’s shopping center business is spending 170 million pounds ($222 million) to buy and upgrade a London mall in its first foray into Britain, betting it can win over a nation increasingly doing its shopping online...
Thailand’s PTT says its retail unit not interested in bidding for Tesco’s Asian business
Thailand’s state-owned energy firm PTT Pcl said on Thursday that neither it, nor its retail unit were interested in bidding for Tesco Plc’s assets in Asia. Reuters reported on Wednesday that, according to sources, PTT’s...
Angel investment group invests $1 million in tea selling retail Chai Kings
Angel investment group, The Chennai Angels (TCA) announced an investment of $1 million in tea selling retail chain Chai Kings, along with Hyderabad Angels and TiE India Angels. Chai Kings, founded in 2016, is the...
France’s Carrefour snaps up lunch delivery firm Dejbox
French supermarket group Carrefour has agreed to buy Dejbox, which specializes in delivering lunches to office workers, in its latest move to boost its e-commerce operations. The financial terms of the acquisition were...
Future Retail board approves raising funds up to $500 million
Kishore Biyani-led Future Retail on Saturday said its board has approved raising of long-term funds up to USD 500 million (around Rs 3,588 crore) for the acquisition of certain in-store infrastructure retail assets...
Lack in compliance with SEBI norms to likely trigger DMart promoters sell this much stake
Hypermarket chain DMart promoters are likely to pare stake of around 5.2 per cent stake in the company through block deal this month. This comes around five months after promoter Radhakishan Damani had sold 0.98 per...
D-Mart promoters may sell 5.20% stake via block deal
Promoters of Avenue Supermarts, parent company of D-mart, may offload around 5.20 per cent stake via block deal in order to meet the minimum shareholding limit, a media report suggested “Avenue Supermarts promoters to...
Hudson’s Bay agrees to be taken private for C$11 a share
Saks Fifth Avenue owner Hudson’s Bay Co has agreed with a group of shareholders to be taken private in a deal under which the company will buy stocks held by certain minority stakeholders for C$11 ($8.46) apiece in cash...
Brazil shoemaker Alpargatas to sell unit controlling Topper brand
Apparel maker Alpargatas SA (ALPA4.SA) said in a securities filing on Friday that Brazilian entrepreneur Carlos Wizard Martins would exercise his right to buy full control over its unit that controls the Argentinian...
Tatas may buy 49% stake in Walmart’s cash & carry biz
The Tata Group is in talks with US retailer Walmart and is likely to acquire up to 49% stake in its wholesale cash-and-carry business in India, multiple sources aware of the development said. If the deal goes through...
Hudson’s Bay’s take-private deal falls short – sources
Saks Fifth Avenue owner Hudson’s Bay Co has fallen short of securing enough shareholder support for a C$1.9 billion($1.4 billion) deal to take the department store operator private, people familiar with the matter said...
