The resolution professional (RP) of Future Retail Ltd has approached the National Company Law Tribunal (NCLT), seeking a further extension till September 15 to complete the corporate insolvency resolution process (CIRP)...
Credit Suisse retail investors plan lawsuit challenging UBS buyout- FT
Retail investors who lost money when Credit Suisse was taken over by UBS in March plan to file a lawsuit challenging the buyout, the Financial Times reported on Sunday. The Swiss Investor Protection Association plans to...
Russian retailer X5 buys Victoria, Deshevo stores in Kaliningrad region
Russia’s leading retailer X5 Group said it had agreed to acquire Victoria and Deshevo stores operated by Victoria Baltia in the Kaliningrad region, a Russian exclave on the Baltic coast. “The deal...
Qatar sovereign fund looking to pick stake in Ambani’s Reliance Retail: Report
Qatar’s sovereign wealth fund Qatar Investment Authority (QIA) is looking to get a minority stake in Indian billionaire Mukesh Ambani’s Reliance Retail Ventures, the Financial Times reported, citing sources...
Qatar Investment Authority looking to buy 1% stake in Reliance Retail
Qatar Investment Authority (QIA), the country’s sovereign wealth fund, is looking to buy a minority stake in Reliance Retail Ventures, Financial Times (FT) reported. It said that QIA is considering a $1 billion...
Novopay to spin off retail biz, focus on banking software
Khosla Ventures-backed Novopay Solutions Pvt. Ltd is in the process of demerging its retail business. The company will now only house its banking software business, which was recently rebranded as ‘Trustt’, chairman...
Swiggy enters retail food and grocery segment with LYNK acquisition
Online food delivery startup Swiggy said it has acquired LYNK Logistics Ltd, a tech-led FMCG retail distribution company, marking its foray into food and grocery retail market. The company did not disclose the financial...
Mexico govt no longer interested in buying Citigroup’s local retail unit
The Mexican government is no longer interested in purchasing Citigroup’s local retail arm, known as Banamex, a government spokesperson said on Thursday, adding that the U.S. bank “chose a different...
Reliance Retail plans to buy out minority shareholders
Mukesh Ambani-controlled Reliance Industries Ltd (RIL) is looking to buy out the minority shareholders of Reliance Retail Ltd for a total sum of up to ₹1,071.27 crore and make its step-down retail unit into a fully...
Neptune Retail to buy Coupons.com-parent for $430 million
Retail marketing firm Neptune Retail Solutions will acquire Coupons.com-parent Quotient Technology for $430 million in cash, the companies said. Quotient’s shares jumped about 17% in the early session and were...
Bed Bath & Beyond in talks to sell Buybuy Baby to Go Global Retail – WSJ
Bed Bath & Beyond is in talks to sell its Buybuy Baby chain to retail investment firm Go Global Retail, the Wall Street Journal reported on Monday citing people familiar with the matter. The once high-flying home...
Global Net Lease to buy Necessity Retail in $950 mln all-stock deal
Global Net Lease Inc will acquire Necessity Retail REIT Inc in an all-stock deal that would value the combined entity at about $950 million, the companies said late on Tuesday. The shareholders of Necessity Retail REIT...