Video game and electronics retailer GameStop Corp (GME.N) is holding talks with private equity firms about a potential transaction after receiving buyout interest, people familiar with the matter said on Monday. Like...
Reliance Brands in talks to buy Genesis Luxury
Reliance Brands, owned by India’s largest retail chain Reliance Retail, is in the final stages of negotiations to buy out Genesis Luxury, a group company of private equity fund Sequoia Capital-backed Genesis Colors, for...
Trade regulator CCI may suggest structural changes to Flipkart-Walmart deal
Fair trade regulator CCI might recommend structural changes to the proposed USD 16-billion Walmart-Flipkart deal to address possible competition concerns, according to officials. The Competition Commission of...
PremjiInvest buys 6% stake in Future Retail for ₹1,700 crore
PremjiInvest, the family office of Wipro chairman Azim Premji, has picked up 6% stake in Future Retail Ltd, the company said. PremjiInvest bought the stake in a bulk deal from Cedar Support Services Ltd, a subsidiary of...
Russia’s Magnit in talks to buy drug distributor from shareholder
Russia’s second-biggest food retailer Magnit (MGNT.MM) said on Wednesday it had began talks with its new shareholder Marathon Group over the acquisition of pharmaceutical distributor SIA. Magnit said it was initiating...
Walmart expects to close 77% Flipkart stake sale by the end of 2018
Walmart, the US retail giant which signed an agreement in May this year to acquire 77 per cent stake in Flipkart, expects to close the deal before the end of current calendar year. According to a regulatory filing...
Walmart sells majority of Brazil unit, takes $4.5 billion charge
Walmart Inc (WMT.N) said on Monday that it has sold an 80 percent stake in its Brazilian operations to private equity firm Advent International, exiting an underperforming business in its third major international deal...
CAIT files petition in CCI against Walmart-Flipkart deal
Traders body CAIT today said it has approached the Competition Commission of India (CCINSE 0.00 %) against the Walmart-Flipkart deal, stating that it will create unfair competition and an uneven level playing field for...
Russia’s VTB sells part of stake in retail chain Magnit for $1 billion
Russia’s No.2 bank VTB (VTBR.MM) said on Thursday it had sold an 11.82 percent stake in food retailer Magnit (MGNT.MM) worth 62.5 billion roubles ($1.02 billion) to Marathon Group, which is owned by Russian businessmen...
Radhakishan Damani sells 1% stake in Avenue Supermarts
Promoter Radhakishan Damani sold 6.2 million shares, or 1%, of Avenue Supermarts Ltd this week, according to a plan that was announced last week, the company said in a BSE filing. On 18 May, Avenue Supermarts, the...
Samara Capital in talks to buy Aditya Birla Group’s More for Rs 2,500 crore
Samara Capital is in advanced talks to buy Aditya Birla Retail’s (ABRL) supermarket chain More for about Rs 2,500 crore, people with knowledge of the development told ET. The private equity firm has almost completed its...
Bharti Group exits Biyani’s Future Enterprises, Bennett Coleman steps in
Bharti Group has exited from Kishore Biyani-led Future Enterprises by selling its 13.64 per cent stake for an estimated sum of over Rs 2.40 billion. Cedar Support Services, a Bharti Group entity, sold its entire...
