Hindustan UnileverNSE 0.54 % said it will consider legal options after National Anti-profiteering Authority (NAA) sent India’s biggest consumer goods company Hindustan Unilever Ltd (HUL) an order that it benefited to...
Patanjali says still interested in Ruchi Soya, lead bidder Adani Wilmar raises asset concerns
Baba Ramdev’s Patanjali Ayurved is still interested in taking over bankruptcy-bound Ruchi Soya after the highest bidder Adani Wilmar wrote to resolution professional raising concerns over deterioration of asset...
After record FDI in 2018, retail sector gears up for more M&As in new year
With the lines getting blurred between organised brick-and-mortar model and new-age online platforms, retail sector is ending the year 2018 with a record level of FDI and is gearing up for more mergers and acquisitions...
Gymboree explores sale of some brands, store closures
Kids’ clothing retailer Gymboree Group Inc said on Wednesday it initiated a strategic review of its brands Gymboree, Janie and Jack, and Crazy 8, which could result in the sale of some brands and closure of some stores...
Russia’s VTB says it could increase stake in retailer Magnit: TASS
Russia’s second-largest lender VTB bank (VTBR.MM) does not rule out increasing its stake in Russian food retailer Magnit (MGNT.MM), TASS news agency quoted VTB First Deputy CEO Yuri Soloviev as saying in an interview...
Advent International to bid for French beauty retailer L’Occitane: FT
French cosmetics maker L’Occitane International SA (0973.HK) is drawing bids from private equity firms, including Advent International, the Financial Times reported on Tuesday. The retailer, whose shares are listed in...
Jeff Bezos may buy Kishore Biyani out in new business deal
Future Group’s founder Kishore Biyani is negotiating a wider agreement with Amazon that will provide the world’s largest online retailer the option to buy him out in the future, said multiple sources aware of the...
Bankrupt Sears wins court approval for plans to sell stores
Sears Holdings Corp (SHLDQ.PK) won U.S. bankruptcy court approval on Thursday to move forward with plans to stay in business and sell itself, even as it continues to evaluate offers to liquidate its business. The 125...
Prime Ventures leads $4.7 mn funding round in retail tech firm Perpule
Perpule, a retail technology startup that offers a retail tech solution to supermarkets, has raised $4.7 million (approximately Rs 330 million) in a series-A round led by Prime Venture Partners. Kalaari Capital and New...
Amazon goes shopping for Future Retail, to buy 9.5% stake
Amazon is set to acquire a minority stake in Future RetailNSE 1.48 % next week, potentially giving the ecommerce platform access to nearly a third of the country’s organised food and grocery market through the Big...
French Connection in talks with several parties over sale of company
French Connection said on Friday it has begun discussions with four interested parties regarding a sale of the British clothing retailer. The company, which announced last week that it was reviewing all strategic...
Amazon in talks to buy stake in Future Retail
Online retailer Amazon is said to be in advance talks to acquire stake in Kishore Biyani-led Future Retail and the deal could be worth over Rs 2,000 crore, according to sources. Amazon, which is looking to expand its...
