Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday, throwing into doubt the future of the century-old retailer that once dominated US malls but has withered in the age of internet shopping. The Chapter 11...
Jack Ma backed Alibaba in talks to check in at Spencer’s Retail, say reports
The global e-commerce major Alibaba is eyeing a stake in food and grocery chain, Spencer’s Retail, according to various newspaper reports. RP-Sanjiv Goenka’s retail chain, which is a wholly-owned subsidiary of CESC Ltd...
Walmart acquires online lingerie retailer Bare Necessities
Walmart Inc (WMT.N) said on Friday it has acquired online lingerie retailer Bare Necessities for an undisclosed amount, its second apparel-focused acquisition in less than two weeks as it seeks deeper inroads into the...
Sears prepares to file for bankruptcy in coming days: sources
Sears Holdings Corp (SHLD.O) is preparing to file for Chapter 11 bankruptcy protection in the coming days following years of declining sales, sources said on Wednesday, casting doubt over the survival of what was once...
Future Enterprises acquires 55% stake in LivQuik
Kishore Biyani-led Future Enterprises Ltd on Wednesday acquired a 55% stake in Mumbai-based fintech startup LivQuik Technology (India) Pvt. Ltd, which operates the QuikWallet mobile app. The Future Group subsidiary said...
Wesfarmers gets court nod for shareholder vote on Coles spin-off
Wesfarmers Ltd said the Supreme Court of Western Australia has given it a nod to hold a shareholder meeting to vote on a planned spin-off of its supermarket chain Coles. If the spin-off is approved, Wesfarmers will...
Barnes & Noble opts for strategic review after takeover interest
Barnes & Noble Inc said on Wednesday it would explore strategic options after several parties, including founder-chairman Leonard Riggio, showed interest to buy the bookseller, sending its shares up as much as 24...
CAIT seeks PM Narendra Modi’s intervention in Walmart-Flipkart deal
Traders’ body CAIT, which has been opposing Walmart’s acquisition of Flipkart, Friday said it has sought intervention of Prime Minister Narendra Modi into the matter. The body submitted a memorandum and a Traders...
Traders’ body CAIT may approach CCI against More deal
The Confederation of All India Traders (CAIT) plans to file a complaint with the fair trade regulator against Samara-Amazon’s acquisition of the Aditya Birla Group’s food and grocery retail chain More. International...
Amazon, Samara buy Aditya Birla Group retail chain for Rs 42 bn: Report
Amazon.com Inc and Indian private equity firm Samara Capital have bought Aditya Birla Group-owned ‘More’ retail chain for an enterprise value of Rs 42 billion ($580.35 million), CNBC TV18 reported on...
BigBasket, Grofers revive merger talks
Grocery startups BigBasket and Grofers have revived talks for a merger as their investors Alibaba Group Holding Ltd and SoftBank Group Corp. look to join hands, ahead of a costly market share battle with Amazon and...
Tencent has first right to buy in future Flipkart share sale
US-based retail giant Walmart Inc has said that Flipkart’s minority shareholder Tencent would have the first “right to purchase” if any shareholder of the Indian e-commerce firm sells “any shares or other equity...
