Debenhams’ lenders took control of the ailing British retailer on Tuesday in a process designed to keep its shops open at the expense of shareholders, including an irate Mike Ashley, who were wiped out. Once the...
The tiny deals behind Mukesh Ambani’s bid to take on Amazon
A $2.5 billion spending spree involving more than two dozen deals provides some insight into how Mukesh Ambani is piecing together a strategy to take on Amazon.com Inc. in India. Asia’s richest man is sharpening his...
Retailer At Home Group explores sale – sources
At Home Group Inc, a U.S. home décor retail chain, is exploring options that include a sale of itself, as the poor performance of its stock has turned it into an acquisition target, people familiar with the matter said...
Metro still in talks with several investors on hypermarkets sale
Germany’s Metro is still in talks with several investors, who are interested in buying its Real hypermarkets chain, the wholesaler said on Tuesday. A spokesman said Metro was talking with more than two serious investors...
Nysaa in talks with private equity funds to raise Rs 350 crore
Nysaa Retail, the parent of 1India Family Mart, the chain of supermarket is in talks with private equity funds to raise Rs 300-350 crore for growth and expansion. Ravinder Singh, co-founder, Nysaa Retail, confirmed, “We...
LetterOne mulls loan, starts talks over debt in bid for Spain’s DIA
Russian tycoon Mikhail Fridman’s LetterOne (L1) investment fund would consider injecting capital into Spanish retailer DIA if other shareholders accept its offer to buy them out, the fund said in the offer prospectus...
ITC’s deal to sell John Players will improve its non-cigarette business: Analysts
ITCNSE 0.75 %’s deal to sell the John Players apparel business will improve margins of its non-cigarette consumer business, analysts said. The retail unit of Reliance Industries, Reliance Retail, last week...
Lake Shore acquires Hyderabad mall for Rs 1,000 crore
Abu Dhabi Investment Authority (ADIA)-backed Lake Shore India Advisory has bought majority stake in a retail mall project in Hyderabad from Phoenix Group for about Rs 1,000 crore, inclusive of construction funding, said...
Sports Direct considers offer for Debenhams
Mike Ashley’s Sports Direct said on Monday it was considering buying the whole of Debenhams as an alternative to the restructuring options being pursued by the ailing department store chain’s directors. Sports Direct...
Tencent weighs bid for part of Temasek’s stake in A.S. Watson: Bloomberg
Chinese technology company Tencent Holdings Ltd (0700.HK) is considering a bid for part of Singapore state investor Temasek Holdings (Private) Ltd’s [TEM.UL] stake in beauty and health retailer A.S. Watson, Bloomberg...
Rent-A-Center not bound by merger deal with Vintage Capital: judge
Retailer Rent-A-Center Inc was within its rights to back out of a $1.36 billion merger deal with private equity firm Vintage Capital Management last year, a Delaware state court ruled Thursday. Vice Chancellor Sam...
Metro aims for deal to sell Real hypermarkets in April/May
German wholesaler Metro is aiming to sign a deal to sell its loss-making Real hypermarkets chain in April or May, Chief Executive Olaf Koch said. Metro is in talks with about five parties interested in the chain, which...
