Blackstone, the world’s biggest private equity firm, has acquired about 6% stake in Future Lifestyle Fashion, the flagship fashion business of Kishore Biyani-owned Future Group, for about Rs 545 crore. Promoter entity...
Future Fashions $250 million deal with Blackstone
Blackstone, the world’s largest private equity firm, has stitched up a $250 million investment in Kishore Biyani’s Future Lifestyle Fashions (FLFL), owner of retail chains Central & Brand Factory as well as several...
Fnac Darty in exclusive talks to buy Eventim’s French unit
French electronic goods retailer Fnac Darty (FNAC.PA) Wednesday said it entered exclusive talks to buy the French unit of Germany’s CTS Eventim (EVDG.DE) in a bid to strengthens its ticketing business. As part of the...
Ted Baker soars on reports founder Ray Kelvin considering buyout
Shares in British fashion retailer Ted Baker surged as much as 17% on Monday on reports that its founder and former chief executive Ray Kelvin would support a private equity buyout months after he quit over allegations...
French retailer Casino sells subsidiary Vindémia to cut debt
French supermarket retailer Casino (CASP.PA), under pressure to reduce its high debts, has agreed to sell its subsidiary Vindemia for 219 million euros ($246 million). With this deal, Casino has disposed of 2.1 billion...
Reliance Brands completes acquisition of Hamleys
Reliance Brands, a subsidiary of Reliance Industries, has completed acquisition of British toy retailer Hamleys for GBP 67.96 million (about Rs 620 crore) in an all-cash deal. In May this year, Reliance Brands had...
Carrefour goes for fast home delivery with Glovo deal
Carrefour (CARR.PA) has teamed up with Spanish start-up Glovo to provide a fast home delivery service as the French supermarket group looks to deal with growing competition from the likes of Amazon (AMZN.O) as well as...
Aditya Birla Fashion acquires 51% stake in Finesse International for ₹60 crore
Aditya Birla Fashion and Retail Ltd (ABFRL), which owns brands such as Louis Philippe, Peter England and Van Heusen, on Monday said it has acquired a 51% stake in Finesse International Design that retails bespoke...
Walmart Labs acquires two startups to bolster its customer service
Walmart Labs has bought two startups to strengthen its customer service. The technology arm of the US retail giant has acqui-hired health tech startup FloCare and B2B wholesale trading platform BigTrade, for undisclosed...
Walmart discussed selling clothing brands Bonobos and Modcloth: Vox
Walmart Inc (WMT.N) has discussed the potential sale of its unprofitable clothing brands Bonobos and Modcloth with buyers, online news portal Vox reported on Wednesday, citing sources familiar with the matter. The...
Chico’s FAS board rejects latest buyout offer from Sycamore Partners
Women’s apparel retailer Chico’s FAS Inc (CHS.N) said on Thursday its board had rejected an unsolicited buyout offer from private equity Sycamore Partners LP as it substantially undervalued the company. The retailer...
China footwear retail unit files for Hong Kong IPO to raise $1 billion
Chinese footwear retailer Belle International filed plans on Thursday to spin off its sportswear business via a Hong Kong initial public offering, a deal which two sources with knowledge of the matter said could raise...
