Kishore Biyani-led Future Enterprises on Monday announced plans to raise up to ₹900 crore through issuance of non-convertible debentures (NCDs) on private placement basis. The company plans to raise funds to replace...
Trent seeks shareholders nod to raise funds from Tata Sons
Tata group retail chain Trent Ltd Monday said it is seeking shareholders approval to allot up to 24.6 million equity shares to Tata Sons. Trent plans to raise funds through preferential allotment of shares to promoter...
Germany’s Metro says $6.6 billion bid undervalues company
Metro said that an unsolicited offer by two prominent investors to take over the German retailer substantially undervalues it and advised shareholders on Sunday to hold off on taking action until management comments...
France’s Carrefour takes step to leave China with Suning.com deal
France’s Carrefour on Sunday became the latest Western retailer to announce a retreat from the Chinese market as fierce competition from domestic rivals and a growing online market puts pressure on foreign firms...
Binny Bansal sells ₹531 crore Flipkart shares to Walmart
Binny Bansal, the co-founder of India’s leading e-tailer Flipkart, sold around 54 lakh of his equity shares valued at $76 million ( ₹531 crore) to world’s retail giant Walmart’s Luxembourg entity FIT...
Investor Litt says Hudson’s Bay worth double chairman’s C$1.74 billion bid
Activist shareholder Jonathan Litt lambasted a C$1.74 billion bid to take Canadian retailer Hudson’s Bay Co private as “woefully inadequate” on Tuesday, saying the chairman-led shareholder group looking to push through...
Tata’s Trent to raise up to ₹1,550 crore for expansion plans
Tata Group’s retail arm Trent Ltd on Tuesday announced plans to raise up to ₹1,550 crore in the current financial year through a combination of issuance of shares to its promoter Tata Sons on a preferential basis...
Brazil’s Centauro lifts Netshoes buyout offer by 11%
Grupo SBF SA, operator of Brazil’s Centauro stores, again boosted its offer for online sports retailer Netshoes Cayman Ltd, this time to $4.10 per share, the latest move in a bidding war with Magazine Luiza SA...
Brazil’s Centauro boosts offer for Netshoes to outbid Magazine Luiza
Apparel retailer Grupo SBF SA, operator of Brazil’s Centauro stores, has boosted its offer for online sports retailer Netshoes Cayman Ltd to $3.70 per share, as it tries to outbid rival contender Magazine Luiza SA...
Australian retailer Wesfarmers boosts online presence with Catch buy
Australia’s Wesfarmers Ltd said on Wednesday it has entered into an agreement to buy online retailer Catch Group Holdings Ltd for A$230 million ($159.9 million) in its bid to stave off competitors in the e-commerce...
Aditya Birla Fashion and Retail acquires Jaypore
Aditya Birla Fashion and Retail Ltd (ABFRL), which retails brands such as Louis Philippe, Peter England and Van Heusen, has acquired ethnic apparel and lifestyle retailer Jaypore for ₹110 crore, the company said in a...
Russia’s Ozon may consider IPO in two years: CEO
Russian online retailer Ozon may consider an initial public offering (IPO) in two years once it has increased its share of the Russian e-commerce market, boosted sales growth and improved infrastructure, its chief...
