Britain’s Findel on Monday rejected a takeover approach from the country’s largest sport goods retailer Sports Direct, saying the bid significantly undervalued the online retail and education business. British retail...
The Children’s Place, Gap to buy Gymboree Group assets: court
The Children’s Place Inc. plans to buy $76 million in assets from children’s clothing retailer Gymboree Group Inc. while The Gap Inc. is buying assets including Gymboree’s Janie and Jackie chain for $35 million...
Amazon India ties up with Kudumbashree
Amazon India has signed an MoU with Kudumbashree, a poverty eradication and women empowerment programme implemented by Kerala government as part of its programme- Amazon Saheli. Through this partnership, Amazon India...
Amazon, Flipkart in talks for minority stake in Hopscotch
E-commerce majors Amazon and Flipkart are in talks with Hopscotch to buy a significant minority stake in the six-year-old company that sells kids’ apparel online, two people with direct knowledge of the matter said...
Skechers buys Future Group’s 49% in joint venture for independent run
Future Group has exited its joint venture with US lifestyle and footwear brand Skechers, which will now run the Indian operations independently. While the company didn’t disclose the deal size, officials said...
U.S. bankruptcy judge approves sale of Sears to Chairman Lampert
A U.S. bankruptcy judge on Thursday approved Sears Holdings Corp Chairman Edward Lampert’s $5.2 billion takeover of the beleaguered retailer, allowing the department store chain to avert liquidation and preserve tens of...
Morgan Stanley warns Walmart may exit Flipkart post new FDI rules
Wall Street biggie Morgan Stanley said Walmart may exit Flipkart in a similar move to what Amazon did in China if the retail giant can’t see a long-term path to profitability. The brokerage said in a report dated...
Here’s Why Bristol-Myers Needs a $74 Billion Shot in the Arm
Bristol-Myers Squibb Co.’s impending $74 billion acquisition of biotechnology giant Celgene Inc. makes it easy to overlook something as relatively prosaic as the firm’s fourth-quarter earnings results Thursday. They...
Lingerie retailer Clovia parent raises funding in round led by AT Capital
Purple Panda Fashions Pvt. Ltd, which runs lingerie retailer Clovia, has raised $10 million in a fresh round of funding led by Singapore-based private equity firm AT Capital, a top Clovia official said. Existing...
Citykart Retail raises ₹100 crore from IDFC Alternatives, India SME Investments
Citykart Retail Pvt. Ltd , a value apparel retail chain, on Thursday said it has raised ₹100 crore in equity from IDFC Alternatives and India SME Investments for a significant minority stake. The Delhi-based company...
Leder & Schuh denies report on takeover talks with Poland’s CCC
Family-owned Austrian shoemaker Leder & Schuh Group denied a media report on Wednesday that it had held talks with Polish clothing retailer CCC about a possible takeover by its bigger rival. Austrian newspaper Der...
Green Growth launches second hostile bid for pot producer Aphria
U.S. cannabis retailer Green Growth Brands Inc (GGB.CD) said on Tuesday it would make a second all-stock takeover bid for Aphria Inc (APHA.TO), valuing the Canadian pot producer at about C$2.35 billion ($1.76 billion)...
