Australian retail conglomerate Wesfarmers said it will merge the business units of its budget department store Kmart and discount retailer Target as the group attempts to reduce losses amid persistently high inflation...
Novopay to spin off retail biz, focus on banking software
Khosla Ventures-backed Novopay Solutions Pvt. Ltd is in the process of demerging its retail business. The company will now only house its banking software business, which was recently rebranded as ‘Trustt’, chairman...
Radhakishan Damani buys Health & Glow for ₹750 cr
Radhakishan Damani, billionaire investor and founder of Avenue Supermarts that runs the D-Mart chain, has acquired Health and Glow, a Bangalore-based beauty and personal care retail chain from the family offices of...
Reliance Retail plans to buy out minority shareholders
Mukesh Ambani-controlled Reliance Industries Ltd (RIL) is looking to buy out the minority shareholders of Reliance Retail Ltd for a total sum of up to ₹1,071.27 crore and make its step-down retail unit into a fully...
CCI approves acquisition of TCNS Clothing by Aditya Birla Fashion
The Competition Commission of India (CCI) approved the acquisition of TCNS Clothing Co Limited by Aditya Birla Fashion and Retail Limited. The proposed combination involves acquisition of 51 per cent of the expanded...
Neptune Retail to buy Coupons.com-parent for $430 million
Retail marketing firm Neptune Retail Solutions will acquire Coupons.com-parent Quotient Technology for $430 million in cash, the companies said. Quotient’s shares jumped about 17% in the early session and were...
Reliance completes acquisition of 51% stake in Lotus Chocolate Company
Reliance Consumer Products (RCPL), the fast-moving consumer goods (FMCG) arm of Reliance Retail Ventures (RRVL), announced on Thursday that it has finalised the acquisition of a controlling stake in Lotus Chocolate...
Asda owners to announce 10 bln-pound merger with EG UK -Sky News
The owners of supermarket Asda and petrol stations company EG Group will announce a 10 billion-pound ($12.6 billion) merger of their operations in Britain as early as Friday, Sky News reported on Thursday. Asda...
Brazil’s Americanas to seek bidders for fruit and vegetable unit
Brazil retailer Americanas SA said it will next week start to seek potential bidders for the acquisition of its Hortifruti Natural da Terra (HNT) business unit. In a securities filing, Americanas said it has hired...
Brazil’s Americanas looking for buyer for stake in Grupo Uni.co
Brazilian retailer Americanas SA, which filed for bankruptcy earlier this year after an accounting scandal, said on Monday it has started the market-sounding process to prospect parties interested in buying its stake in...
Axis Trustee approaches NCLT to add more Future Retail claims
Axis Trustee Services Ltd, one of the financial creditors to Future Retail Ltd, has approached the National Company Law Tribunal (NCLT) after the resolution professional rejected its claims worth ₹470 crore out of total...
METRO completes ₹2,850 cr deal with Reliance Retail to sell its India Cash & Carry business
German retailer METRO AG announced the completion of the sale of its Indian cash & Carry business to Reliance Retail Ventures Ltd (RRVL), which holds the retail empire of Reliance Industries Ltd. The deal includes...
