Mukesh Ambani-led Reliance Industries NSE 1.02 % Thursday announced it will acquire iconic British toy-maker Hamleys for 67.96 million pounds (around Rs 620 crore) in an all-cash deal. Hamleys, a 259-year-old toy-maker...
Metro in exclusive talks to sell Real hypermarkets to Redos
Metro is in exclusive talks to sell its Real hypermarkets to a consortium led by real estate investor Redos, the German retailer said on Wednesday, adding it was taking a 385 million euro ($431 million) impairment...
Wesfarmers bets on electric cars with $544 million bid for Australian lithium miner Kidman
Australian retail conglomerate Wesfarmers Ltd offered A$776 million ($544 million) to buy lithium miner Kidman Resources Ltd on Thursday, its second bid in two months to deepen its exposure to high-tech minerals. The...
Flipkart in talks to buy grocery chain Fresh: report
Walmart Inc-owned e-commerce firm Flipkart is in talks to buy Indian grocery chain Namdhari’s Fresh, CNBC-TV18 reported on Wednesday, citing sources. Namdhari’s operates over 30 stores in Bengaluru, and the...
Brazil’s Magazine Luiza agrees to buy retailer Netshoes for $62 million
Brazilian retailer Magazine Luiza SA said in a filing on Monday it agreed to buy online shoe retailer Netshoes Ltd for approximately $62 million. Magazine Luiza offered to pay $2 a share. Rival Brazilian retailer B2W...
Britain’s SSE approaches firms over deal to shed retail arm: Sky News
British energy company SSE Plc has approached companies including broadband provider TalkTalk Telecom Group about a deal to sell its household supply unit, Sky News reported on Saturday. SSE will update investors on May...
UK regulator to give final verdict on Sainsbury’s-Asda deal
Britain’s competition regulator will publish its final report on supermarket group Sainsbury’s takeover of Walmart-owned rival Asda on Thursday, with most analysts and competition lawyers seeing little chance of the...
Sainsbury-Asda Merger Competition Ruling Is Set for Thursday
The U.K.’s antitrust regulator will publish its final decision Thursday on J Sainsbury Plc’s 7.3 billion-pound ($9.4 billion) plan to buy Walmart Inc.’s Asda, after attaching harsher-than-expected conditions to the deal...
French retailer Casino sells assets to Apollo Global
French retailer Casino said on Monday it agreed to sell a portfolio of 12 Casino hypermarkets and 20 supermarkets to U.S. asset management firm Apollo Global Management in a deal worth up to 470 million euros ($529.03...
Reliance Retail toying with buying out Hamleys
Reliance Retail is in talks to acquire Hamleys from the Chinese company that owns the famed UK toy seller, according to two people with knowledge of the matter. “Reliance is in advanced talks with Hamleys’ owners,” said...
Buyout firm Apollo to buy Smart & Final Stores for $1.1 billion
Apollo Global Management LLC said on Tuesday it will acquire Smart & Final Stores Inc for about $1.1 billion, including debt, the second time the private equity firm will own the U.S. food retailer. The deal comes...
Russia’s Sberbank in talks to buy retailer O’Key: sources
Russia’s largest lender Sberbank is in talks to buy mid-sized food retailer O’Key, six industry sources told Reuters. The talks follow a decline in the shares of many Russian food retailers over the past year and...
