Bengaluru: Online babycare store FirstCry (BrainBees Solutions Pvt. Ltd) has acquired the franchise division of Mahindra Retail Pvt. Ltd, a subsidiary of Mahindra and Mahindra Ltd, which owns online babycare business...
Retail group Steinhoff raises capital after acquisitions spree
South-Africa based retail and furniture group Steinhoff issued new shares on Wednesday, hoping to collect between 1.89 and 2.45 billion euros ($2.74 billion) to finance a string of acquisitions abroad. Steinhoff, which...
Future Group acquires Sangam Direct chain of grocery stores
NEW DELHI/MUMBAI: Kishore Biyani is on a buying spree as Future Group has now snapped up Sangam Direct chain of grocery stores from Wadhawan Holding, a company owned by the promoters of Dewan Housing FinanceBSE 1.10 %...
Wal-Mart completes acquisition of Jet.com
Wal-Mart Stores Inc (WMT.N) on Monday said it has completed the acquisition of internet retailer Jet.com after agreeing to pay about $3 billion for the e-commerce startup last month. Wal-Mart Chief Executive Doug...
Heritage Foods in talks with Future Group for stake sale
New Delhi: Heritage Foods Ltd on Monday said it is in talks with Kishore Biyani-led Future Group for a possible stake sale to the home-grown retail major. “We confirm that both groups have been in discussion for...
Poundland shareholders give blessing to Steinhoff takeover
Shareholders in British discount retailer Poundland overwhelmingly backed a takeover by South Africa’s Steinhoff that will see them receive 610 million pounds ($815 million) after the intervention of activist...
RBI bars foreign investors from picking further stake in Trent
Reserve Bank has restricted foreign investors to increase stake further in Tata Group departmental firm Trent as the permissible limit has been crossed. The foreign shareholding through Foreign Institutional Investors...
Future Group enters into a 50:50 JV in a Rs 60 crore project with InI Farms
PUNE: InI Farms has entered into a 50:50 joint venture with Future Group for direct sourcing of pomegranates and bananas. Both the companies will jointly invest Rs 60 crore over next five years and work with about...
Reported Aditya Birla Retail, Future Group merger is win-win for both
A prospective merger between Kishore Biyani’s Future Group and Aditya Birla Retail (ABRL) a unit of Aditya Birla group or acquisition of the latter by the former, as reported by the Economic Times on Tuesday, is...
Kishore Biyani’s Future Group in talks with Aditya Birla Retail to buy or merge business
MUMBAI/NEW DELHI: Kishore Biyani-led Future Group is in early discussions with Aditya Birla Retail (ABRL) to buy or merge the latter’s More supermarket business to consolidate its leadership in the brick-and...
UK supermarket Morrisons completes sale of Fresh Direct stake
Britain’s Wm Morrison Supermarkets Plc (MRW.L) said on Tuesday it had completed the sale of its 10 percent stake in U.S. online food retailer Fresh Direct for 45 million pounds ($58 million), more than two years...
Steinhoff improves terms of Poundland takeover
South Africa’s Steinhoff has improved the terms of its agreed takeover of British discount retailer Poundland, it said on Thursday. Steinhoff said it is now offering 227 pence in cash for each Poundland share...
