French luxury house LVMH’s eyewear Thelios unit said on Tuesday it had acquired French high-end sunglass brand Vuarnet from NEO Investment Partners, without disclosing any financial details. The deal is the first...
Vote on Space Mantra’s Future Retail bid likely soon
Lenders to the debt-laden Future Retail (FRL) have put to vote the sole plan to take over the company by Space Mantra, promoted by former NBCC chairman Anoop Kumar Mittal, even as they are uncomfortable with the poor...
RIL may sell 8-10% more in Rel Retail ventures to fund expansion
Reliance Industries is likely to sell another 8-10% stake in Reliance Retail Ventures Ltd (RRVL) to fund expansion, retire debt and prepare for the initial public offering of the conglomerate’s retail business...
Future Group companies moves to Delhi HC against a debt recovery tribunal order
The Future Group companies moved the Delhi High Court against a debt recovery tribunal’s July 31 order that restrained them from alienating their assets in recovery proceedings initiated by lenders. A bench led by...
Titan Co acquires another 27.18% stake in CaratLane for ₹4,621 crore
Watch and jewellery retailer Titan Company Ltd. has increased its shareholding in CaratLane Trading Private Ltd. to 98.28% from 71.09%, paying ₹4,621 crore for the additional stake buy, the company said in a filing to...
Future Retail resolution professional moves NCLT against Kishore Biyani and family alleging fraudulent tra
The Resolution Professional (RP) of Future Retail Ltd (FRL) has filed an application before the NCLT against Kishore Biyani, his brother Rakesh Biyani and eight other entities alleging their involvement in a...
Future Retail resolution professional moves NCLT to seek extension of insolvency deadline till Sept 15
The resolution professional (RP) of Future Retail Ltd has approached the National Company Law Tribunal (NCLT), seeking a further extension till September 15 to complete the corporate insolvency resolution process (CIRP)...
Qatar sovereign fund looking to pick stake in Ambani’s Reliance Retail: Report
Qatar’s sovereign wealth fund Qatar Investment Authority (QIA) is looking to get a minority stake in Indian billionaire Mukesh Ambani’s Reliance Retail Ventures, the Financial Times reported, citing sources...
Qatar Investment Authority looking to buy 1% stake in Reliance Retail
Qatar Investment Authority (QIA), the country’s sovereign wealth fund, is looking to buy a minority stake in Reliance Retail Ventures, Financial Times (FT) reported. It said that QIA is considering a $1 billion...
Australia’s Wesfarmers to merge discount stores Kmart and Target
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...
