Online grocer BigBasket, run by Supermarket Grocery Services Pvt. Ltd, and smaller rival Grofers India Pvt. Ltd have initiated talks for a merger that, if consummated, will also see SoftBank Group, an existing investor...
Wal-Mart in advanced talks to buy Bonobos: Recode
Wal-Mart Stores Inc (WMT.N) is in advanced discussions to buy online men’s fashion retailer Bonobos Inc, Recode reported on Friday, citing sources. Wal-Mart and Bonobos have agreed on a price and the deal is in final...
Redcliffe Capital invests in SafetyKart Retail
Gurgaon-based fund Redcliffe Capital on Wednesday said it has invested in an online retailer of safety and hygiene products, SafetyKart Retail while the company has moved its private label brand and product PeeSafe to a...
Walmex completes sale of clothing chain Suburbia to Liverpool
Wal-Mart Stores Inc’s (WMT.N) Mexican unit said on Tuesday it had completed the sale of its clothing chain Suburbia to department store and shopping mall operator El Puerto De Liverpool (LIVEPOLC1.MX) for 15.7...
Trent Hypermarkets ties up with Bharat Petroleum for expansion
Trent Hypermarkets Ltd, Tata Group’s retail venture with UK-based retailer Tesco Plc that operates the Star Bazaar hypermarkets and Star Daily supermarkets, will expand to 200 stores in 20 cities by 2018 in partnership...
Amazon proposes to invest USD 500 mn in food e-retail: Harsimrat Kaur Badal
The US-based retail giant Amazon has proposed to invest about USD 500 million for e-retail of food products in India, Food Processing Minister Harsimrat Kaur Badal said today. Besides Amazon, she said Grofers and Big...
Debt-laden Neiman Marcus says exploring options, including sale
Luxury fashion retailer Neiman Marcus Group said on Tuesday that it was exploring options, including changes to its capital structure or a sale, as it seeks relief from a swelling debt load amid renewed buyout interest...
D-Mart raises Rs561 crore from anchor investors at upper end of IPO price band
Avenue Supermarts, which runs the D-Mart chain of food and grocery supermarkets, on Tuesday said that it has raised Rs561 crore by selling shares to investors as part of the so-called anchor book allocation, a day ahead...
Future group joins hands with UK’s Laura Ashley for selling its merchandise in India
Kishore Biyani’s Future group has partnered UK clothing and homeware retailer Laura Ashley that runs about 450 stores globally and Future will have exclusive rights to make and sell merchandise as well as...
Wal-Mart acquires online outdoor retailer Moosejaw for $51 million
Wal-Mart Stores Inc (WMT.N) has acquired online outdoor clothing and gear retailer Moosejaw for $51 million in an all-cash deal, the company said on Wednesday, as it works to boost its competitive standing in U.S. e...
Reckitt Benckiser in talks to buy Mead Johnson for $16.7 billion
Reckitt Benckiser Group Plc (RB.L) is in advanced talks to buy Mead Johnson Nutrition Co (MJN.N) in a $16.7 billion deal that would take the British consumer goods maker into the baby formula market and boost its...
Aditya Birla Retail may refinance debt up to Rs1,500 crore
Aditya Birla Retail Ltd, which operates supermarkets and hypermarkets under the More brand, is looking to refinance debt to the tune of Rs1,500 crore, as it looks to reduce its interest cost, two people aware of the...
