Reliance Retail Deal
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Arvind Fashions Sells Sephora Retail Division To Reliance For Rs 99 Crore
Billionaire Mukesh Ambani's Reliance is tying up with LVMH-owned Sephora to operate the beauty chain's stores across the country and help expand Sephora's presence in the country's fast-growing beauty and cosmetics market.
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Metro Cash & Carry Completes Rs 2,850 Crore Deal With Reliance Retail: Report
German retailer METRO AG on Thursday announced the completion of the sale of its Indian cash & Carry business to Reliance Retail Ventures Ltd (RRVL), which holds the retail empire of Reliance Industries Ltd.
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NCLT Rejects Amazon’s Objections, Orders Insolvency Proceedings Against Future Retail
The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Future Retail under the Insolvency and Bankruptcy Code (IBC). The tribunal also rejected objections raised by Amazon claiming that any bankruptcy proceedings at this stage would compromise the e-commerce company's rights.
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Reliance Retail Signs Deal To Bring Iconic American Fashion Brand Gap To India
Reliance Retail Ltd on Wednesday announced its long-term partnership with Gap and plans to bring the iconic American fashion brand to India.
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Future Retail Deal: NCLT Reserves Order on Amazon Petition Against BoI's Insolvency Proceedings Plea
Amazon and BoI have presented their arguments in the Future Retail Deal, following which the National Company Law Tribunal (NCLT) has reserved its order on the petition filed by e-retailer opposing the bank's plea to initiate insolvency resolution proceedings against debt-ridden FRL. The tribunal directed the Amazon to submit its written response b...
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Amazon's Appeal Against Future Group Deal Antitrust Suspension Dismissed by India Tribunal
Amazon’s plea against antitrust suspension of its 2019’s $200 million investment deal with Future Group was dismissed by an Indian Appeals Tribunal. The tribunal held Amazon accountable "for its failure to provide relevant information on the combination".
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Reliance Brands Enters Franchise Deal With Italian Shoe Maker Tod's SpA
Reliance Brands Ltd (RBL) on Monday said it has entered into a long-term franchise agreement with Tod's SpA to become the official retailer of the Italian luxury lifestyle brand for the Indian market.
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Future Enterprises To Sell Insurance Business To Avoid Insolvency
Debt-ridden Future Group firm Future Enterprises expects to raise around Rs 3,000 crore from selling its stake in the insurance business to pare debt
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Reliance Retail's March Quarter Pre-Tax Profit Rises To Rs 3,705 Crore
Reliance Retail Ltd on Friday posted a 2.43 per cent rise in pre-tax profit at Rs 3,705 crore for the fourth quarter ended March 2022
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Creditor Revolt Scuttled Mukesh Ambani's $3.2 Billion Retail Deal: Report
It was a contentious plan to repay overseas bondholders in full that brought what would have been India's biggest retail deal to a grinding halt.
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Future Group Entities' Shares Tank Again After Reliance Deal Fails: 10 Points
Shares of Future Group companies tumbled again on Tuesday on increasing concerns that the group faces bankruptcy risk, despite a surge in benchmark indices and broader Asian stocks trading higher.
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Reliance Cancels Retail Deal After Future Group's Secured Creditors Voted Against It
The Rs 24,713-crore deal Future group deal cannot be implemented as their secured creditors have voted against it, said Reliance Industries in a regulatory filing on Saturday.
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Bankruptcy A Reality For Future Retail As Secured Creditors Reject Reliance Deal: Key Highlights
Future Retail Ltd is on course to bankruptcy after its secured creditors rejected the Reliance deal this week. The fate of the company and management is uncertain as the Bank of India initiated insolvency proceedings last week.
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Future Group Lenders Reject Reliance's Retail Assets Deal: Report
Lenders to Future Group rejected a $3.4 billion deal for its retail assets from Reliance Industries Limited
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Future Retail Holds Shareholders' Meet On Asset Sale To Reliance Retail
Future Retail Ltd (FRL) on Wednesday held a meeting of its shareholders to consider and approve the sale of the company's retail assets to billionaire Mukesh Ambani's Reliance Retail Ventures Ltd.
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Arvind Fashions Sells Sephora Retail Division To Reliance For Rs 99 Crore
Billionaire Mukesh Ambani's Reliance is tying up with LVMH-owned Sephora to operate the beauty chain's stores across the country and help expand Sephora's presence in the country's fast-growing beauty and cosmetics market.
-
Metro Cash & Carry Completes Rs 2,850 Crore Deal With Reliance Retail: Report
German retailer METRO AG on Thursday announced the completion of the sale of its Indian cash & Carry business to Reliance Retail Ventures Ltd (RRVL), which holds the retail empire of Reliance Industries Ltd.
-
NCLT Rejects Amazon’s Objections, Orders Insolvency Proceedings Against Future Retail
The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Future Retail under the Insolvency and Bankruptcy Code (IBC). The tribunal also rejected objections raised by Amazon claiming that any bankruptcy proceedings at this stage would compromise the e-commerce company's rights.
-
Reliance Retail Signs Deal To Bring Iconic American Fashion Brand Gap To India
Reliance Retail Ltd on Wednesday announced its long-term partnership with Gap and plans to bring the iconic American fashion brand to India.
-
Future Retail Deal: NCLT Reserves Order on Amazon Petition Against BoI's Insolvency Proceedings Plea
Amazon and BoI have presented their arguments in the Future Retail Deal, following which the National Company Law Tribunal (NCLT) has reserved its order on the petition filed by e-retailer opposing the bank's plea to initiate insolvency resolution proceedings against debt-ridden FRL. The tribunal directed the Amazon to submit its written response b...
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Amazon's Appeal Against Future Group Deal Antitrust Suspension Dismissed by India Tribunal
Amazon’s plea against antitrust suspension of its 2019’s $200 million investment deal with Future Group was dismissed by an Indian Appeals Tribunal. The tribunal held Amazon accountable "for its failure to provide relevant information on the combination".
-
Reliance Brands Enters Franchise Deal With Italian Shoe Maker Tod's SpA
Reliance Brands Ltd (RBL) on Monday said it has entered into a long-term franchise agreement with Tod's SpA to become the official retailer of the Italian luxury lifestyle brand for the Indian market.
-
Future Enterprises To Sell Insurance Business To Avoid Insolvency
Debt-ridden Future Group firm Future Enterprises expects to raise around Rs 3,000 crore from selling its stake in the insurance business to pare debt
-
Reliance Retail's March Quarter Pre-Tax Profit Rises To Rs 3,705 Crore
Reliance Retail Ltd on Friday posted a 2.43 per cent rise in pre-tax profit at Rs 3,705 crore for the fourth quarter ended March 2022
-
Creditor Revolt Scuttled Mukesh Ambani's $3.2 Billion Retail Deal: Report
It was a contentious plan to repay overseas bondholders in full that brought what would have been India's biggest retail deal to a grinding halt.
-
Future Group Entities' Shares Tank Again After Reliance Deal Fails: 10 Points
Shares of Future Group companies tumbled again on Tuesday on increasing concerns that the group faces bankruptcy risk, despite a surge in benchmark indices and broader Asian stocks trading higher.
-
Reliance Cancels Retail Deal After Future Group's Secured Creditors Voted Against It
The Rs 24,713-crore deal Future group deal cannot be implemented as their secured creditors have voted against it, said Reliance Industries in a regulatory filing on Saturday.
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Bankruptcy A Reality For Future Retail As Secured Creditors Reject Reliance Deal: Key Highlights
Future Retail Ltd is on course to bankruptcy after its secured creditors rejected the Reliance deal this week. The fate of the company and management is uncertain as the Bank of India initiated insolvency proceedings last week.
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Future Group Lenders Reject Reliance's Retail Assets Deal: Report
Lenders to Future Group rejected a $3.4 billion deal for its retail assets from Reliance Industries Limited
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Future Retail Holds Shareholders' Meet On Asset Sale To Reliance Retail
Future Retail Ltd (FRL) on Wednesday held a meeting of its shareholders to consider and approve the sale of the company's retail assets to billionaire Mukesh Ambani's Reliance Retail Ventures Ltd.
