On Wednesday, India’s Reliance Industries Ltd stated, U.S. Fund General Atlantic plans on investing $498.31 million (36.75 billion rupees) for a 0.84% stake in its retail arm, marking it as the latest entrant in a series of investments at the… Read More ›
retail business
Private equity firm Carlyle Group to invest $2 billion in India’s Reliance Industries’ retail business
On Monday, Mint, a financial daily has reported citing sources aware of the development, that the Carlyle Group is eyeing to invest up to $2 billion in India’s Reliance Industries’ retail business. If the deal goes through, Carlyle’s investment would… Read More ›
Activist hedge fund Starboard exits Macy’s board
Its exist underscores the growing challenges facing the U.S. retail industry with consumers preferring to shop online as opposed to visiting a brick-and-mortar store. Sources familiar with the matter at hand have disclosed that activist hedge fund Starboard Value… Read More ›