Japanese discount retailer Don Quijote Holdings Co Ltd (7532.T) said it would be interested in buying Seiyu if Walmart Inc (WMT.N) puts the Japanese supermarket chain up for sale, as it expands its presence in the...
NCLT admits insolvency petition against apparel brand Provogue
The Mumbai bench of the National Company Law Tribunal admitted Provogue (India) Ltd for insolvency resolution on Thursday, making it the fourth company from the textile and garment sector to attempt loan resolution in...
Will approach Supreme Court if government allows Walmart-Flipkart deal: CAIT
Traders’ body CAIT today said it will approach the Supreme Court if the government allows the Walmart-Flipkart deal to go through. Confederation of All India Traders (CAIT) said its legal team is ready to knock...
CCI gives nod to Vishal Mega Marts deal by Kedaara Capital, Partners Group
The Competition Commission has approved the proposed acquisition of Vishal Mega Mart by private equity firms, including Kedaara Capital Fund. The deal to acquire the retail value chain was announced in May. In a tweet...
Sainsbury’s gets 3.5 billion pound loan package for Asda buy
UK supermarket Sainsbury’s has agreed 3.5 billion pounds of syndicated loans to back its proposed £7.3bn acquisition of Walmart’s Asda, the company said on Wednesday. The company will also increase its existing...
Future Lifestyle to buy 29.9% stake in Koovs for an undisclosed amount
Kishore Biyani-led Future Lifestyle Fashions Limited has agreed to pick a 29.9 per cent stake in fashion e-tailer Koovs for an undisclosed amount. This comes after Walmart announced a deal to buy a significant stake in...
Traders likely to move Supreme Court over $16-billion Walmart-Flipkart deal
A number of trade bodies, farmer organisations, online vendors and political outfits were protesting in public on Monday, with ‘Walmart Go Back’ placards, protesting against the US-based retail giant’s move to buy...
Walmart to take longer to close Flipkart deal
US retail giant Walmart is giving itself more leeway to close the acquisition of a 77%-stake in India’s largest online retailer Flipkart, according to documents filed for a mega bond issue to finance the transaction...
Aditya Birla Retail signs pact to sell retail chain More to Samara Capital for Rs 4,300 cr
Aditya Birla Retail Ltd (ABRL) has signed an agreement with private equity fund Samara Capital to sell its food and grocery retail chain More for an enterprise value of Rs 4,300 crore, said two persons with direct...
Hudson’s Bay in talks with Signa for Kaufhof joint venture – sources
Saks Fifth Avenue owner Hudson’s Bay Co (HBC.TO) is in discussions with Austrian property and retail group Signa Holding GmbH about a joint venture for its German retail chain Kaufhof, two people familiar with the...
Walmart kickstarts mega fundraising to finance Flipkart deal
Walmart Inc. is selling bonds to help finance its acquisition in India’s biggest e-commerce firm Flipkart, stuffing the US investment grade market with another jumbo deal just two days after the second-largest of the...
GameStop says in talks for possible transaction
Videogame and electronics retailer GameStop Corp (GME.N) confirmed on Tuesday that it is in exploratory talks with third parties about a possible transaction. On Monday, Reuters reported that the Grapevine, Texas-based...
