Traders’ body CAIT Monday urged Commerce Minister Suresh Prabhu to order a probe into Witzig-Amazon bid to acquire Aditya Birla Retail Ltd, which operates supermarket store chain ‘More’. Fair trade...
UK regulator’s verdict on Sainsbury’s-Asda deal seen delayed – court
A British court ruling has indicated that a final regulatory verdict on supermarket operator Sainsbury’s (SBRY.L) proposed 7.3 billion pound ($9.5 billion) takeover of Walmart (WMT.N) unit Asda will be delayed until the...
CCI approves Amazon-Witzig bid to acquire Aditya Birla Retail Ltd
The Competition Commission of India (CCI) on Friday approved the acquisition of India’s fourth largest supermarket chain, Aditya Birla Retail Ltd (ABRL), by Witzig Advisory Services Private Ltd (WASPL), while...
Lampert wins Sears bankruptcy auction with $5.2 billion bid
Sears Holdings Corp (SHLDQ.PK) Chairman Eddie Lampert won a bankruptcy auction to buy the once iconic U.S. retailer after presenting an improved offer of $5.2 billion, Sears said on Thursday, but creditors quickly moved...
Samara Capital-Amazon’s joint bid to acquire supermarket chain More gets CCI nod
The Competition Commission of India (CCI) has approved the Samara Capital-Amazon joint bid to acquire Aditya Birla Group’s supermarket chain More. However, the fair trade watchdog has done due diligence of the...
Sears chairman confirms new $5 billion bid to save bankrupt retailer
Sears Holdings Corp (SHLDQ.PK) Chairman Eddie Lampert confirmed on Thursday he has made a new takeover bid of more than $5 billion for the company, an offer that may significantly increase the likelihood the U.S...
Debenhams lenders hire FTI to advise on restructuring: Sky News
A group of lenders to Debenhams Plc (DEB.L) has hired FTI Consulting to advise on restructuring of the British department store group, Sky News reported on Wednesday. The company had said in October it plans to close up...
Lampert submits new $5-bn takeover bid to save Sears Holdings: Sources
Sears Holdings Corp Chairman Eddie Lampert submitted a revised roughly $5 billion takeover bid for the company on Wednesday, people familiar with the matter said, boosting the chances that the US department store...
Temasek exploring stake sale in beauty retailer A.S. Watson: source
Singapore state investor Temasek Holdings is in talks to sell a small portion of its 24.9 percent stake in beauty and health retailer A.S. Watson, part of conglomerate CK Hutchison Holdings Ltd, a source said. Temasek...
Sears said to prepare for possible liquidation as ESL bid fails
Sears Holdings Corp. is preparing to potentially wind down the iconic retailer after Chairman Eddie Lampert’s bid to buy several hundred stores out of bankruptcy fell short of bankers’ qualifications, according to...
Sears Chair Lampert makes $4.4 billion bid to keep retailer alive
Sears Holdings Corp Chairman Eddie Lampert submitted a $4.4 billion takeover bid for the bankrupt U.S. retailer, representing its only chance of escaping liquidation and laying off tens of thousands of workers, a...
Kishore Biyani’s family office raises Rs 3,000 crore to cut debt
The family office of Future Group founder Kishore Biyani has raised Rs 3,000 crore to help lower debt but he said that the shareholding in listed retail companies will be “unaffected”. AION Capital Partners has invested...
