The National Company Law Appellate Tribunal (NCLAT) has issued a notice on Walmart, asking it to submit details of its merger with Flipkart and explain the way they want to do business in India. The appellate tribunal...
Reliance Retail buys 16.31% in Genesis Colors, acquires stake in 5 more cos
Reliance Retail has purchased 16.31 per cent stake in readymade garment wholesaler and retailer Genesis Colors Ltd (GCL) for Rs 348 million, Reliance Industries said Sunday. Reliance Retail Ventures Ltd (RRVL) is a...
German department stores Kaufhof, Karstadt seal merger: sources
Germany’s two major department store chains Kaufhof and Karstadt have agreed to merge, several sources close to the deal told Reuters on Thursday, in the latest changes to the retail sector brought by fierce competition...
Future Group to tie up with tech firms to raise funds for expansion
Kishore Biyani-led Future Group is on an expansion spree and is looking to tie-up with tech companies, which can bring in the big bucks, and not necessarily for their technology know-how. “We are looking at these...
Samara Capital, Amazon to acquire Birla’s retail chain ‘More’, Goldman Sachs out
Samara Capital and Amazon are all set to acquire Aditya Birla Group’s food and grocery retail chain More, two executives said, even as investment bank Goldman Sachs has exited the consortium. Samara Capital-Amazon...
Amazon in talks for stake in Spencer’s
Amazon is in early talks with Spencer’s Retail to pick up a minority stake in the food and grocery retail chain, according to two people with knowledge of the matter, as the US online giant scours the country for...
CAIT files petition in NCLAT against CCI’s approval to Walmart-Flipkart deal
Traders’ body CAIT today said it has filed a petition in National Company Law Appellate Tribunal (NCLAT) against the Competition Commission of India’s decision to approve Walmart-Flipkart deal. Confederation...
Google, Paytm Mall may team up to shop for Future Retail stake
Google is looking to join forces with Alibaba-backed Paytm Mall to form a consortium and invest Rs 3,500-4,000 crore for a 7-10% stake in Future RetailNSE 3.40 % Ltd (FRL), the flagship listed company of Kishore Biyani...
Alibaba in talks with Reliance Retail for joint venture
China’s Alibaba Group Holding Ltd has initiated talks with Mukesh Ambani’s Reliance Retail Ltd to form a mega Indian retail joint venture (JV), with an investment of at least $5 billion to challenge the dominance of...
Amazon, Samara Capital in talks to acquire More
Amazon.com Inc. is in advanced talks to acquire 42-49% in Aditya Birla Retail Ltd’s More supermarket chain, according to three people directly aware of the talks, as the US e-commerce giant doubles down on the grocery...
Jeff Bezos may team up with KM Birla to counter Reliance and Walmart in retail
Amazon, the world’s largest online retailer, is teaming up with Goldman Sachs and homegrown private equity fund Samara Capital to form a consortium for the acquisition of Aditya Birla Group’s food and grocery...
Kroger partners with Alibaba in China grocery sales venture
Kroger Co (KR.N) has partnered with Alibaba Group Holding Ltd (BABA.N) to sell nuts, supplements and other products in China, venturing outside the United States for the first time in what is fast becoming a fierce...
