US-based Dole Food Company, which sells fresh and packaged fruits globally, is entering into the Indian market through a tie-up with leading retail firm Future Group by the end of this year. Dole Packaged Foods...
Bluegem Capital buys back UK retailer Mamas & Papas: administrator
British nursery retailer Mamas & Papas Retail was sold to private equity firm Bluegem Capital Partners, administrator Deloitte said on Friday, leading to the shutdown of six loss-making stores and 73 job losses. The...
Supermarket group Carrefour to sell off Rue du Commerce online site
French supermarket retailer Carrefour is in talks to sell its Rue du Commerce online shopping site to French e-commerce venture Shopinvest, as it refocuses its online sales strategy on food rather than electronics...
Future’s Amazon deal set to close soon: Kishore Biyani
Future Group founder Kishore Biyani said his deal to sell minority stake to Amazon has moved a step forward even as the Competition Commission of India (CCI) sought more information from the US ecommerce firm. “It is a...
Amazon’s bid to acquire stake in Future Retail faces antitrust hurdle: Sources
India’s antitrust body has sought more information from Amazon.com Inc about its planned acquisition of a stake in India’s Future Retail, sources with knowledge of the matter told Reuters, which could...
Czech investor Kretinsky, partner raise stake in Metro to 29.99%
Czech businessman Daniel Kretinsky and Slovak partner Patrik Tkac will raise their stake in German wholesaler Metro AG following a failed takeover bid earlier this year, their joint investment vehicle said on Thursday...
Benko’s Signa likely to bid for Switzerland’s Globus: sources
Austrian investor Rene Benko’s Signa Holding is likely to submit an offer for Swiss department store chain Globus, with bids due by the end of November, sources familiar with the situation told Reuters. Migros [MIGRO...
Saks Fifth Avenue owner Hudson’s Bay in $1.5 billion deal to go private
Saks Fifth Avenue owner Hudson’s Bay Co said on Monday it agreed to a sweetened C$1.9 billion ($1.5 billion) offer from a shareholder group led by executive chairman Richard Baker to take the struggling Canadian...
Delta Corp climbs 7% as DMart owner Radhakishan S. Damani buys stake
Shares of Delta Corp Ltd rallied more than 7% intraday on Friday after ace investor Radhakishan S. Damani, who owns the retail supermarket chain of stores DMart, bought 1.53% stake in the gaming and casino operating...
Walmart’s Asda agrees $4.9 billion Rothesay Life pension deal
Walmart’s Asda has agreed a 3.8 billion pounds ($4.9 billion) ‘buy in’ with Rothesay Life to secure the benefits for 12,300 members of one of its pension schemes, in a deal that simplifies its balance sheet ahead of a...
Barneys enters deal to sell assets to Authentic Brands, B. Riley for $271 million cash
U.S. luxury department-store chain Barneys New York Inc has reached an agreement to sell its assets to brand developer Authentic Brands Group and investment bank B. Riley Financial Inc, according to a filing on...
Barneys nears bankruptcy deal with Authentic Brands, Saks owner: sources
U.S. luxury department-store chain Barneys New York Inc is nearing a roughly $270 million deal with brand developer Authentic Brands Group that could lead to Barneys shops opening in Saks Fifth Avenue stores, people...
