Future Group is in advanced talks to acquire grocery retailer Foodworld Supermarkets, a deal that could give Kishore Biyani sway over a network of nearly 40 grocery stores in southern India, according to several people...
Blackstone acquires stake in Forum Group’s retail space
The Blackstone Group has entered into a strategic partnership with Kolkata-based Forum Projects to invest in retail development in eastern India. The US private equity fund has just bought a substantial stake in...
Blackstone acquires stake in Forum group’s retail space for Rs 2.50 bn
Global private equity firm Blackstone Group has acquired a majority stake in one of the retail ventures promoted by the Forum Group. The private equity (PE) firm has invested around Rs 2.5 billion, which translates into...
FirstCry may acquire Mothercare franchisee rights from DLF brands
FirstCry.com is in talks to buy the India franchisee right for UK’s kids products brand Mothercare from DLF Brands in a bid to bolster its presence in the growing kids’ products market, according to multiple...
Pepe Jeans seeks buyer for Rs 2000 crore Indian arm
Pepe Jeans is scouting for buyers for its India unit as investors in the global parent, that sponsors the Formula One Red Bull Racing team, look to monetize part of their holding, people directly briefed on the matter...
Reliance retail plans to expand business-to-business play
Reliance Retail wants to expand its business-to-business play by foraying into distribution of apparel, FMCG and white goods directly to neighbourhood and kirana outlets since it wants to tap a larger pie of the market...
Tesco wins UK regulator’s provisional approval for Booker takeover
Tesco (TSCO.L) won provisional approval for its 3.7 billion pound ($4.9 billion) takeover of wholesaler Booker (BOK.L) from the UK competition regulator on Tuesday, moving Britain’s biggest retailer closer to securing a...
Shoppers Stop shareholders approve Hypercity’s sale to Future Retail
K Raheja Corp Group firm Shoppers StopBSE -0.78 % today said its shareholders have approved sale of its subsidiary Hypercity to Kishore Biyani-led Future RetailBSE -0.10 % Ltd (FRL). The company has received 99.35...
Fate of Future Consumer and Brooker Group JV uncertain
Tesco, the world’s third-largest retailer, is rethinking about operationalising the joint venture (JV) between Future Consumer and Booker Group in this country, said a source. Early this year, Tesco bought Booker, the...
KKR, Bain Cap, TA Associates vie for 12-13% stake in Aditya Birla Retail
Private equity firms KKR, Bain Capital and TA Associates are vying for a 12-13% stake in the supermarkets and hypermarkets arm of the diversified Aditya Birla Group. The firms may invest about Rs 650 crore in Aditya...
LPC: Office Depot considers sweeteners to M&A loan
Publicly-traded US office supplies retailer Office Depot is considering making revisions to the US$750m leveraged loan backing its roughly US$1bn acquisition of CompuCom, amid a syndication process fraught with...
Future Group keen to tap travel retail, may buy rights for WHSmith in India
Future Group is in an advanced stage of buying out the franchise rights of British retail chain WHSmith in India from Travel News Services India (TNSI), a New Delhi-based company that runs about 80 outlets in the...
