Philip Green’s Arcadia fashion group adjourned Wednesday’s creditor meetings to vote on the struggling British retailer’s restructuring plan until June 12, seeking more time to win over disgruntled landlords and avoid a...
Walmex says Mexican competition authority opposes Walmart’s Cornershop purchase
Mexico’s biggest retailer, Wal-Mart de Mexico, said on Tuesday that the nation’s Federal Competition Commission opposes its parent company Walmart Inc’s acquisition of grocery delivery platform Cornershop. “We are...
Brazil’s Magazine Luiza raises offer to buy Netshoes to $93.18 million
Netshoes Ltd said on Sunday Brazilian retailer Magazine Luiza SA had raised its offer to buy the online shoe retailer to $3 per share from $2 per share in a deal that would value the company at about $93.18 million...
Brazil’s SBF Group makes counteroffer for Netshoes
Brazil’s Grupo SBF SA, owner of sporting goods retailer Centauro, has submitted a counteroffer of $2.80 per share to acquire online shoe retailer Netshoes Ltd, the company said in a filing on Thursday. That would value...
Kishore Biyani’s Future Consumer to raise Rs 280 cr from IFC, Verlinvest
Kishore Biyani’s Future Consumer (FCL) plans to raise Rs 280 crore from the International Finance Corporation (IFC) and Verlinvest SA, a private equity and venture capital entity. The proposed fundraising will support...
Spanish retailer DIA strikes rescue deal with banks
Struggling Spanish retailer DIA reached an eleventh-hour agreement to secure financing on Monday, new owner LetterOne said in a statement, staving off the imminent risk of having to start insolvency proceedings. DIA’s...
Vendors association challenge CCI clean chit to Flipkart
The National Company Law Appellate Tribunal (NCLAT) has admitted a petition by an online vendors association challenging the competition watchdog’s clean chit to Flipkart India over allegations of unfair trade practices...
Carrefour considers sale of stake in China business: sources
Carrefour, Europe largest retailer, is exploring the sale of a minority stake in its loss-making business in China and has started sounding out potential buyers, people familiar with the matter said. Carrefour’s China...
Australia’s Scentre sells 50% stake in Sydney shopping center for $396 million
Australian shopping mall owner Scentre Group on Monday said privately held property investor Perron Group will buy a 50% stake in a Sydney shopping center for A$575 million ($396 million). The consideration paid by...
Spencer’s Retail to fully buy out Nature’s Basket in Rs 300-cr deal
RP-Sanjiv Goenka Group firm Spencer’s Retail has concluded an agreement with Nature’s Basket to acquire 100 per cent stake in the Godrej Group company for Rs 300 crore, which will mark a second innings for Spencer’s in...
Kohl’s explores acquisition of At Home Group – sources
U.S. department store operator Kohl’s Corp has approached At Home Group Inc to express interest in acquiring the U.S. home decor retail chain, people familiar with the matter said on Wednesday. A deal would help Kohl’s...
Sycamore offers to buy Chico’s in $407.8 million deal
Women’s apparel retailer Chico’s FAS Inc said on Friday it had received an unsolicited offer from Sycamore Partners LP to take the company private in a deal valued at $407.8 million. Shares of the company closed up...
