British private equity firm Apax Partners is to buy a majority stake in luxury fashion retailer Matchesfashion.com for an undisclosed sum. Matchesfashion.com founders Tom and Ruth Chapman, and existing venture capital...
Shoppers Stop to exit Nuance Group Joint Venture
Shoppers StopBSE 3.56 %, the fashion and lifestyle retail major has decided to exit the joint venture with Swiss major Nuance Group for duty-free airport stores. “We will exit the JV with Nuance Group in the next...
Kors needs to buckle down for Jimmy Choo deal to shine
U.S. retailer Michael Kors is betting that its acquisition of storied shoemaker Jimmy Choo will give sales a much-needed boost, but lingering problems at Kors’ core bag business could delay potential benefits...
Asda eyeing 4.4 billion pound bid for B&M: Sunday Times
Asda, the British supermarket arm of Wal-Mart Stores (WMT.N), is considering a 4.4 billion pounds ($5.7 billion) takeover of B&M European Value Retail (BMEB.L), the discount retailer run by the billionaire Arora...
Apple to tie up with HCL Info for greater retail presence
Apple is close to signing a deal with Shiv Nadar’s HCL Infosystems to forge a distribution partnership to expand its presence in brick and-mortar retail space, particularly in smaller towns, three senior industry...
Nike-Amazon deal may hurt sporting goods retailers: analysts
Nike’s pilot program to sell certain products on Amazon and Instagram is a precursor to it forging a deeper relationship with online retailers and could hit sales at sporting goods retailers such as Foot Locker...
Reynolds ties up with Flair to expand presence in India
Reynolds today said it has tied up with pen manufacturer and distributor Flair to re-launch eight products and increase its footprint across the country. The move is aimed at strengthening presence in India. Through...
Malaysian retail chain Kioda to enter India, plans to invest $10 million
Malaysian fashion and lifestyle concept retail chain Kioda is planning to enter India, in a joint venture with franchise solutions company Franchise India Holdings Ltd, a top Kioda executive said. Both the companies...
Tata Group to enter online grocery business by acquiring Gurgaon-based GrocerMax
The Tata group is buying out the management team and technology infrastructure of Gurgaon-based GrocerMax to enter the online grocery business as consumers increasingly place orders for their supplies over the internet...
Sycamore Partners close to deal to acquire Staples – sources
Private equity firm Sycamore Partners is in advanced talks to acquire Staples Inc following an auction for the U.S. office supplies retailer, people familiar with the matter said on Wednesday, in a deal that could top...
Tata’s Trent raises Rs100 crore to refinance repayments
Tata group retail arm Trent has raised Rs100 crore from the market by issuing commercial papers to refinance its upcoming repayments. “The company has issued and alloted commercial paper of Rs100 crore,” said Trent in a...
Amazon to buy Whole Foods in $13.7 billion bet on bricks and mortar retail
Amazon.com Inc. will acquire Whole Foods Market Inc. for $13.7 billion, a bombshell of a deal that catapults the e-commerce giant into the supermarket business with hundreds of stores across the US. Amazon agreed to pay...
