Kishore Biyani-led Future Retail Ltd, which runs the Big Bazaar chain of stores, is looking to raise up to $400 million by selling dollar bonds, three people aware of the development said. The money will be used to buy...
Virtuous Retail buys Tata Realty’s retail mall portfolio for $100 mn
Virtuous Retail South Asia Pte. Ltd (VRSA), the retail development arm of investment firm The Xander Group Inc., has acquired the Trilium shopping mall portfolio from Tata Realty and Infrastructure Ltd (TRIL) for $100...
Koovs sold by administrators as Indian billionaire Biyani fails to invest
Koovs Plc said on Tuesday that administrators had sold its business and assets to SGIK 3 Investments Ltd, an entity owned by the online fashion retailer’s largest secured creditor and chairman Waheed Alli. The company...
Britain’s Tesco considers Asia exit
Britain’s biggest retailer, Tesco, has signalled a further retreat from its once lofty global ambitions by starting a review of its remaining Asian businesses, which could result in a sale of those Thai and Malaysian...
Hudson’s Bay special committee says Catalyst bid not ‘superior’
Private equity firm Catalyst Capital Group Inc’s unsolicited bid for Hudson’s Bay Co is not “superior” to an agreed-upon deal with a consortium led by its executive chairman, the Canadian retailer’s special committee...
CCI approves Amazon.com’s investment in Future Coupons
Competition Commission of India (CCI) has approved Amazon’s proposed acquisition of minority stake in Future Group, paving the way for closer integration of one of country’s leading retail chain into the Amazon India...
Japan’s Mitsui in talks for Future food supply venture with Kishore Biyani
Mitsui & Co is in talks with Kishore Biyani’s Future Group to invest in a company that will supply fresh food to upcoming 7-Eleven stores, the group’s food and grocery retailing verticals as well as retailers and...
Russia’s Detsky Mir receives enough offers to cover share sale: sources
Russian toy retailer Detsky Mir has received enough offers to cover the 150 million shares that existing investors plan to sell in a secondary public offering, a financial market source and two sources close to the...
T.J.Maxx owner TJX buys 25% stake in Russian retailer Familia
U.S. discount store operator TJX Companies Inc has acquired a 25% stake in Russian low-cost apparel retailer Familia for $225 million, the Russian company said in a statement on Tuesday. Discount retailers have...
Blackstone invests ₹1,750 cr in Future Lifestyle Fashions, acquires 6% in Ryka
Leading global investment firm Blackstone has invested ₹1,750 crore in Kishore Biyani led Future group firm Future Lifestyle Fashions Ltd (FLFL). “Funds managed by Blackstone have invested ₹1,750 crore (including...
Steinhoff sells Blue Group to Alteri Investors
Scandal-hit South African retailer Steinhoff International said on Friday it had sold Blue Group, owner of Bensons for Beds and Harveys Furniture, to Alteri Investors for an undisclosed price. Steinhoff, which has been...
Ruchi Soya acquisition plans on track; loans secured: Patanjali
Patanjali Ayurved chief executive Acharya Balkrishna said in an interaction with ET that its acquisition plan for edible oils maker Ruchi Soya was proceeding ‘as per schedule’. Refuting reports that...
