When Kishore Biyani sold his flagship business Pantaloons to Aditya Birla Nuvo in 2012, there were questions on where growth would come from. Five years later, and much to the surprise of his critics, Biyani’s Future...
Manyavar’s Vedant Fashion looks for dual acquisition to lead women’s wear
After emerging as the market leader in the men’s branded ethnic wear category in the country, Vedant Fashion, the owner of the Manyavar brand, is eyeing to be the market leader in the ethnic women’s wear segment as well...
Nordstrom family explores taking retailer private, shares surge
Department store operator Nordstrom Inc (JWN.N) said on Thursday that some members of the Nordstrom family were considering taking the company private as it struggles with an industry-wide sales slowdown. Going private...
Future Enterprises gets board nod for divestment
Kishore Biyani’s Future Enterprises today said its board has given in-principle approval for considering various divestment options for investments held by the company. The company was responding to media reports...
New World Department is latest China retailer to go private with buyout plan
New World Department Store China Ltd (0825.HK) said its parent firm plans to take it private for HK$934.5 million ($120 million) so that it can better tackle a challenging operating environment and take risks in...
Manyavar parent Vedant Fashions may sell 15% stake to L Catterton, Kedaara Capital
Private equity (PE) funds Kedaara Capital and L Catterton are in separate discussions to buy a minority stake in Vedant Fashions, the owner of ethnic wear brand Manyavar, according to two people aware of the development...
Chile’s Ripley and Mexico’s Liverpool cancel merger
The planned acquisition of Chilean retailer Ripley RIP.SN by Mexican high-end department store chain Liverpool (LIVEPOLC1.MX) has been scrapped, Ripley said in a regulatory filing late Friday. “Ten months having...
Franchise India acquires majority stake in RE/MAX India for Rs 50 crore
Retail consultancy Franchise India has picked up a 51 per cent stake in global real estate brokerage RE/MAX’s India arm for an estimated Rs 50 crore. Franchise India’s real estate unit, BusinessEx, acquired the stake...
Future Group ties up with UAE firm for Gulf foray
India’s Future Group on Tuesday said it had tied up with UAE’s Khimji Ramdas Group to sell garments in Oman, and eventually across the Gulf region, in its first international foray. The Indian consumer goods...
Abercrombie & Fitch fields takeover interest – sources
U.S. teen apparel retailer company Abercrombie & Fitch Co (ANF.N) is working with an investment bank to field takeover interest from other retailers, people familiar with the situation said on Tuesday...
Retailer Bebe avoids bankruptcy with landlord deals: sources
Fashion chain Bebe Stores Inc (BEBE.O) has clinched deals with its landlords to close its approximately 180 stores, enabling it to avoid filing for bankruptcy and continue to sell merchandise online, people familiar...
Virtuous Retail South Asia acquires North Country Mall in Chandigarh
Xander Group’s retail arm Virtuous Retail South Asia Pte. Ltd (VRSA) on Wednesday said it has acquired North Country Mall in Chandigarh from private equity fund Sun Apollo and US-based JJ Gumberg for Rs700 crore ($108...
