Bankrupt regional department store chain Bon-Ton Stores Inc (BONTQ.PK) is in active discussions with a bidder to acquire the company, and had received approval from lenders to extend the deadline for submitting bids for...
Walmart talking with Humana on closer ties; acquisition possible: sources
U.S. retailer Walmart Inc (WMT.N) is in early-stage talks with health insurer Humana Inc (HUM.N) about developing closer ties, with the acquisition of Humana being discussed as one possibility, people familiar with the...
Mexico’s Chedraui buys Fiesta Mart to grow U.S. Latino sales
Mexican grocer Chedraui, a powerhouse in the fast-growing Latino market in the United States, said on Sunday it had bought smaller U.S. grocery store chain Fiesta Marts for an undisclosed amount. Grupo Comercial...
Nordstorm ends talks with founding family on take-private offer
Nordstrom Inc (JWN.N) said on Tuesday it ended discussions with its founding family over taking the U.S. department store operator private after failing to agree on an acceptable price. Earlier this month, a special...
Future Retail to form JV with Khimji Ramdas to operate FBB stores in Oman
Future Retail Ltd Tuesday said it has formed an equal joint venture with Khimji Ramdas LLC to form a joint venture firm to operate FBB apparel stores in Oman and other member states of the Gulf Cooperation Council (GCC)...
Trent raises Rs100 crore to refinance loans
Tata group retail arm Trent has raised Rs100 crore from the market by issuing commercial papers to refinance its existing borrowings. “The company has issued and allotted commercial paper of Rs 100 crore,” Trent said in...
NY supermarket chain Tops files bankruptcy, cites debt and Amazon
The U.S. supermarket chain Tops Markets LLC filed for bankruptcy on Wednesday, saying an unsustainable debt load, falling food prices and stiff competition from Amazon.com Inc (AMZN.O) and other low-cost rivals forced...
Grofers in talks to raise up to $65 million at 40% less valuation
Online grocery start-up Grofers is in talks to raise $60-65 million from existing investors in a funding round that could see the valuation of the Gurugram-based start-up drop by over 40%, two people close to the...
PremjiInvest, KKR join race to acquire Vishal Mega Mart
American private equity fund KKR & Co. and Wipro founder Azim Premji’s family office PremjiInvest have joined the race for acquiring fashion hypermarket chain Vishal Mega Mart, two people aware of the development...
Kedaara-Partners, Carlyle in fray to put Vishal Mega Mart in cart
Carlyle is competing with a consortium of Kedaara Capital and Partners Group to buy Vishal Mega Mart from current owners TPG and Shriram Group, said people with knowledge of the matter. Online retailer Flipkart is also...
Star Shopping to merge with Future Group’s retail infra unit
Mall developer Star Shopping Centres is merging with Future Group’s primary retail infrastructure development unit, Future Market Networks, according to a BSE filing of the latter. Star Shopping Centre is a...
Wal-Mart shops Brazil unit stake to Advent, other funds: sources
Wal-Mart Stores Inc is in talks with buyout firm Advent International Corp and other funds to sell a major stake in its Brazilian operations, two people with direct knowledge of the matter said on Sunday. Wal-Mart is...
