Flipkart has begun exploratory discussions with Kishore Biyani to pick up an 8-10 percent stake in Future Lifestyle Fashions Ltd (FLF), the listed fashion arm of the Future Group. Online and offline retailers are...
Shoppers Stop to use recent divestments to reduce debt
Departmental store chain Shoppers Stop Ltd plans to use around Rs300 crore of the amount it will get from recent divestments to reduce debt. Once it does that, Shoppers Stop’s standalone debt will come down from around...
Kishore Biyani snaps up K Rahejas Group’s loss-making Hypercity for Rs 655 crore
Future Group has acquired HyperCity chain of hypermarkets from Shoppers StopBSE 1.89 % for Rs 655 crore, the country’s top retailer said on Thursday. The buyout of HyperCity by Future Retail, the flagship arm of Future...
Future Retail set to acquire HyperCity for Rs 700 crore
Kishore Biyani is out shopping again, for the fifth time in as many years. Future RetailBSE 1.95 % is set to acquire HyperCity, a premium chain of 19 hypermarkets from Shoppers Stop for Rs 700 crore through a...
Canada’s Metro in talks to buy Jean Coutu for $3.6 billion, shares soar
Metro Inc (MRU.TO), Canada’s third-biggest food retailer said on Wednesday it was in talks to buy pharmacy chain Jean Coutu Group (PJCa.TO) in a deal that values the company at C$4.5 billion ($3.62 billion), sending...
Flipkart acquires mobile and repair services company F1 Info Solutions
In a bid to expand their capabilities in the mobile service domain, online retailer Flipkart has acquired mobiles and IT repair services company F1 Info Solutions, said the company on Tuesday. F1 Info Solutions, which...
Amazon buys 5% equity in Shoppers Stop for Rs179.25 crore
Departmental store chain Shoppers Stop Ltd has approved a proposal to sell 5% equity in the company for Rs179.25 crore to Amazon NV Holdings LLC, the investment arm of the world’s largest online retailer Amazon Inc. in...
Sistema forms joint venture to bring Russian kids’ brand Concept Group to India
Russia’s Sistema JSFC is diversifying into India’s buzzing retail sector with the imminent closure of its telecom services business in the country. The $10-billion Moscow-based conglomerate, through its subsidiary...
Baba Ramdev’s Patanjali Ayurved hires investment banks to raise Rs1,000 crore
Yoga guru Baba Ramdev’s Patanjali Ayurved has hired two investment banks to raise structured credit worth Rs1,000 crore, two people aware of the development said. One of the two investment banks is a Hyderabad-based...
Sears Canada executive in talks with private equity for deal: WSJ
Struggling retailer Sears Canada Inc’s (SRSCQ.PK) top executive is negotiating a private-equity backed deal that could be valued at more than C$650 million ($533 million), the Wall Street Journal reported, citing people...
Phoenix Mills buys back stakes in four malls for Rs1,350 crore
Retail developer Phoenix Mills Ltd is buying back stakes from various investors in four of its mall projects for around Rs1,350 crore, making it the sole owner of the assets. Once the firm pays the last tranche of Rs34...
Future Retail studies merger options with HyperCity
Kishore Biyani-led Future Retail is in talks with HyperCity Retail, part of the K. Raheja Corp. Group, for a possible merger between the two. “All discussions at this stage are exploratory in nature. The company keeps...
