Retail chain D-Mart eyes $2.8 bn valuation in IPO

March 01, 2017 | Ankit Doshi

Avenue Supermarts Ltd, which runs hypermarkets under the D-Mart brand, is seeking a valuation of as much as Rs 18,660 crore ($2.8 billion) in an initial public offering that begins next week.

Levi’s, Live In settle trademark dispute out of court

February 28, 2017 | Maulik Vyas

Homegrown Federal Brands Ltd, the owner of Live In jeans, and Levi Strauss (India) Pvt Ltd, which owns the iconic Levi’s India brand, have decided to opt for an out-of-court settlement over Levi’s use of the prefix ‘Live In’ for its global marketing campaigns.

Future Group to exit specialty retail businesses

February 28, 2017 | Debjyoti Roy

Kishore Biyani-led Future Group is planning to exit its specialty retail businesses with a view to scale up its apparel and food segments.

Retail chain D-Mart to launch $280 mn IPO on 8 March

February 24, 2017 | Ankit Doshi

Avenue Supermarts Ltd (ASL), which runs hypermarkets under the D-Mart brand, will launch its initial public offering (IPO) on 8 March. The three-day offering will close on 11 March, the company said in a stock exchange filing.

PremjiInvest-backed Fabindia removes khadi tag post KVIC notice

February 20, 2017 | Debjyoti Roy

Ethnic retailer Fabindia Overseas Pvt Ltd has decided to drop the ‘khadi’ tag from all its products, following a legal notice from Khadi and Village Industries Commission (KVIC) last week.

Sequoia-backed Genesis Colors gets SEBI nod for IPO

February 06, 2017 | Ankit Doshi

Genesis Colors Ltd has received clearance from capital markets regulator Securities and Exchange Board of India (SEBI) for an initial public offering, the third firm to get regulatory nod to float an IPO in 2017.

Shoppers Stop CEO Sunil Nair steps down

January 31, 2017 | Joseph Rai

Retailer Shoppers Stop Ltd’s chief executive officer Salil Nair has resigned, bringing an end to close to 20 years of his association with the company.

Spice Mobility in talks to acquire Indian biz of Jumbo Electronics

January 23, 2017 | Debjyoti Roy

Hotspot, the mobile retail chain of handset manufacturer Spice Mobility Ltd (formerly S Mobility), is in an advanced stage of discussions to buy out the Indian business of Jumbo Electronics, Dubai’s largest consumer electronics retailer.

Exclusive: Personal care products maker CleanLife raising angel round

January 20, 2017 | Debjyoti Roy

CleanLife India Pvt. Ltd, a personal care products manufacturer, is in an advanced stage of discussions to raise its angel round of funding from a Mumbai-based investor, a top company executive told VCCircle.

Alibaba leads $2.55 bn bid for Chinese retailer Intime

January 10, 2017 | Reuters

E-commerce firm Alibaba Group Holding Ltd and the founder of Intime Retail Group Co Ltd have jointly bid to take the Chinese department store operator private for HK$19.79 billion ($2.55 billion), the partners said on Tuesday.