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...
UK’s THG ends deal talks with Apollo
British online retail platform THG Plc said it has terminated talks with Apollo Global Management, saying there was “no merit” in discussions after it rejected the private equity firm’s latest buyout...
Aditya Birla Fashion to raise up to ₹800 crore for TCNS acquisition
Aditya Birla Fashion & Retail (ABFRL) will raise ₹700-800 crore in debt to help fund the acquisition of TCNS Clothing, a top company official said. “For funding, we probably need about ₹700 to 800 crore...
Bed Bath & Beyond files for bankruptcy, its stores to remain open for customers
Following years of dismal sales and losses, US retailer Bed Bath & Beyond on Sunday filed for bankruptcy. The company has listed its assets and liabilities in the range of $1 billion to $10 billion. The move comes...
Reliance Retail enters into partnership with Maliban, acquires Raskik and Toffeeman
Reliance Retail, the country’s leading retailer, has added beverage brand Raskik and candy brand Toffeeman to its portfolio through acquisition as part of its expansion drive into the FMCG segment. Besides, the...
Bed Bath & Beyond prepares for bankruptcy filing -WSJ
Bed Bath & Beyond Inc is preparing to file for bankruptcy as early as this weekend, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Shares of the company tumbled nearly 23% to...
NCLT grants 90 days extension to Future Retail for concluding insolvency
The NCLT has granted Future Retail Ltd (FRL) an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of the company. Allowing FRL’s plea the Mumbai bench of the National Company...
Walmart to sell menswear brand Bonobos to Express, WHP Global for $75 million
Walmart Inc is selling menswear brand Bonobos to Express Inc and WHP Global for $75 million, a far lower price than what it paid nearly six years ago. Bonobos, which Walmart acquired for $310 million in June 2017, sells...
Future Retail’s creditors seek 90 days extension for concluding insolvency resolution process
Lenders of debt-ridden Future Retail Ltd (FRL) has sought an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of the company. The resolution professional of FRL has filed an...
