NEW DELHI: Kishore Biyani’s recent partnership with Paytm for selling Big Bazaar products on the latter’s site is part of his broader strategy to build an alliance with Alibaba, Paytm’s largest...
Wal-Mart buying Jet.com to lift online sales, battle Amazon
Wal-Mart Stores Inc, vying to better challenge Amazon.com Inc, will pay about $3 billion for internet retailer Jet.com and its innovative pricing software in the largest-ever deal for an e-commerce start-up. The deal...
Ahold and Delhaize complete merger
July 23 (Reuters) – * Supermarket groups Ahold and Delhaize have completed their merger after receiving U.S. regulatory approval * Merger becomes effective at 2201 GMT on Sunday, July 24 * Shares in the merged...
Kroger announces merger of Axium Pharmacy and Modern HC Holdings
The Kroger Co * Kroger announces merger of Axium Pharmacy and Modern HC Holdings to create a combined specialty pharmacy * Says deal to create a combined specialty pharmacy that will operate as a wholly-owned subsidiary...
Steinhoff agrees $794 mln takeover of UK’s Poundland
(Refiles to add dropped “mln” from headline) South Africa’s Steinhoff will bulk up its presence in the British market after agreeing a 597 million pound ($794 million) takeover of single price retailer...
Aditya Birla Fashion to acquire Forever 21 in India for $26 mn
NEW DELHI: Aditya Birla Fashion and Retail (ABFRL) today said it will acquire global clothing brand ‘Forever 21’ in the Indian market for USD 26 million (around Rs 175.52 crore). “The company has today...
Tanger Factory Outlet says owns 100 pct of Tanger Outlets Westgate after acquisition
Tanger Factory Outlet Centers Inc * Tanger Factory Outlet says owns 100 pct of Tanger Outlets Westgate after completing acquisition of its partners’ ownership interests on June 30 , 2016 * Tanger Factory Outlet...
Infor Acquires Predictix
Infor, a leading provider of beautiful business applications specialized by industry and built for the cloud, today announced the acquisition of Predictix, a ground-breaking provider of cloud-native, predictive, and...
Barnes & Noble Education announces acquisition of Promoversity
Barnes & Noble Education Inc : * Barnes & Noble Education announces acquisition of Promoversity * Says Promoversity will become a wholly owned subsidiary of Barnes & Noble College * Promoversity will...
Wal-Mart to sell Chinese online business to retailer JD.com
NEW YORK: Wal-Mart is selling its Chinese online business to the country’s No. 2 e-commerce site in a strategic partnership that it hopes will bolster its presence in the extraordinarily lucrative but increasingly...
Suning buys 70% controlling stakes in Inter Milan
China retailer Suning Commerce Group Ltd will acquire a 70 per cent of Italian soccer club Inter Milan for 270 million euros ($306 million), making the deal a rare purchase in which a Chinese company will control a...
China’s Shandong Ruyi to take over Sandro, Maje labels
China’s Shandong Ruyi (002193.SZ) is set to buy control of SMCP, the French firm behind fashion brands Sandro, Maje and Claudie Pierlot, for 1.3 billion euros ($1.5 billion) including debt, two sources close to...
