British automotive distributor Inchcape said it had agreed to sell its UK retail operations to Group 1 Automotive UK for 346 million pounds ($431.43 million) in cash, following a strategic review it kicked off earlier...
Thailand’s Central buys German luxury retail property KaDeWe
Thai retailer Central Group has acquired the landmark KaDeWe property in central Berlin from the insolvent Austrian company Signa in what it said was another step towards buying the group. Central said in a statement on...
Two bidders in talks to buy German retail giant Galeria
The insolvency manager of German department store giant Galeria Karstadt Kaufhof said on Tuesday it will hold talks with two bidders who want to buy the nation’s most prominent retailer that filed for insolvency...
TIM investor Merlyn wants sale of Brazilian unit, retail
Telecom Italia shareholder Merlyn Partners said on Wednesday the debt-laden company should sell its Brazilian unit this year as part of a radical restructuring. The Luxembourg-based alternative investment fund, which...
Kretinsky-led consortium set to own 53.7% of retailer Casino’s capital
A consortium led by Czech billionaire Daniel Kretinsky will own and control 53.7% of French retailer Casino’s share capital once a restructuring plan is completed, Casino said. Current shareholders will be...
HSBC completes sale of retail banking business in France
HSBC subsidiary HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France to Crédit Commercial de France (CCF), a subsidiary of My Money Group, the British lender said in a statement...
Reliance Retail and Naturals Salon call off deal talks
Reliance Retail and Naturals Salon & Spa have called off their acquisition talks on differences in valuation of the latter, executives aware of the development said. Reliance Retail had been in advanced negotiations...
UK to explore options for NatWest retail share offer
Britain’s finance minister Jeremy Hunt said he would explore options for a NatWest share offer to the public in the next 12 months, to allow the government to reduce its stake in the bank. The government has been...
Future Retail RP files for liquidation in NCLT
The resolution professional (RP) of Future Retail Ltd (FRL) filed for liquidation, marking an inglorious end for the company that once led India’s retail revolution. On 30 September, creditors had rejected a resolution...
Future Retail Lenders at odds with RP
Future Retail lenders are concerned that the Deloitte-backed resolution professional, Vijaykumar Iyer, has yet not filed an application with the bankruptcy court to liquidate the company even after five weeks have...
Reliance Retail acquires beauty business of Arvind Fashions, to run Sephora
Reliance Retail will now operate Sephora in India as Arvind Fashions Limited (AFL) has signed definitive agreements with Reliance Beauty & Personal Care Limited (RBPCL) to sell its wholly owned subsidiary Arvind...
Drug retailer Rite Aid files for bankruptcy, gets $3.45 bln commitment
Rite Aid filed for Chapter 11 bankruptcy on Sunday, a move that would halt lawsuits the drugstore chain is facing over its alleged role in the U.S. opioid crisis and named a new CEO. Rite Aid said it has received a...