Sachin Tendulkar-backed fashion firm Universal Sportsbiz is looking to raise up to $20 million (around Rs 130 crore) as it gears up to open 100 exclusive outlets for flagship brand Wrogn in three years. The company...
CaratLane in talks with US-based online stores for acquisition
If jewellery ecommerce entrepreneur Mithun Sacheti has his way, he will cut his diamonds in Chennai and sell them in the US, part of a plan to link India’s lowcost manufacturing with the hotly contested etail...
Tata Sons buys over 1% stake in Titan for around Rs312 crore
Tata Sons Ltd, promoter of the Tata Group companies, has bought Rs.312 crore worth of Titan Co. Ltd shares from Tata Global Beverages Ltd, as Tata Sons intends to consolidate its ownership of operating firms. In its...
Alibaba may tieup with Tatas to venture into online retail market in India
Chinese ecommerce giant Alibaba has approached Tata Sons for a possible partnership as it looks to set up shop in India later this year in a development that looks set to shake up the country’s rapidly growing...
Aeropostale to explore strategic alternatives, including sale
Teen apparel retailer Aeropostale Inc (ARO.N) said it was exploring strategic alternatives, including a sale, after posting its 13th straight quarterly loss. The company’s shares fell 52 percent in after-hours...
Gurgaon-based Elitify.com in talks to raise Rs 13 crore
Gurgaon-based fashion portal Elitify.com is in talks with potential investors including Paytm for raising $2 million or about Rs 13 crore, people aware of the matter said. Elitify founder Amit Rawal confirmed that the...
Staples Says Office Depot Deal Is Dead If Judge OKs Injunction
Staples Inc. will walk away from its yearlong effort to purchase Office Depot Inc. if a judge grants a preliminary injunction from the U.S. Federal Trade Commission, which is seeking to block the deal. The injunction...
Biyani ties up with Tata-Tesco chain to supply Future brands
In what can be described as the coming together of two rival retailers, Kishore Biyani’s Future group has tied up with Trent Hypermarket, a joint venture of Tata group’s Trent and UK-based Tesco. The...
Samsonite nears deal to buy Tumi Holdings
The world’s biggest luggage maker, Samsonite International Sa, is nearing a deal to buy Tumi Holdings Inc, the Wall Street Journal Reported on Wednesday. A deal between the rivals could be announced as soon as...
Steinhoff Makes $924 Million Proposal to Win Darty From Fnac
Steinhoff International Holdings NV Group made an unsolicited, 662-million-pound ($924 million) proposal to buy French electronics retailer Darty Plc, the second time in less than a month that it’s sought to break up...
Kishore Biyani, Hong Kong-based billionaire shelve JV plans
The $25-billion Fung Group, promoted by Hong Kong-based billionaire Victor K Fung, and the Kishore Biyani-led Future Group have shelved a plan for a 50:50 joint venture (JV) for imports and wholesaling. The JV was...
D-Mart to raise Rs 600 cr via NCDs
D-Mart, the third largest grocery retailer by revenues, plans to raise up to Rs 600 crore through non-convertible debentures to fund expansion and its foray into e-commerce. Avenue Supermarts, D-Mart’s parent...
