American online retailer Amazon.com Inc has sent a legal notice to Future Group, alleging that the sale of the retailer’s Rs 24,713 crore assets to Reliance Industries violated an agreement with the e-commerce giant. “We have initiated steps to enforce our contractual rights,” said a spokesman for the Seattle-based e-commerce …
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[ad_1] (Reuters) – J. Crew Group Inc filed for bankruptcy protection on Monday with a plan to hand over control to lenders, adding to a list of brick and mortar retailers pushed to the brink by widespread store closings in response to the COVID-19 pandemic. The New York-based chain, known …
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[ad_1] KOCHI: An Abu Dhabi investment firm, led by the ruling family’s Sheikh Tahnoon Bin Zayed Al Nahyan, invested nearly $ 1 billion (Rs 7.6 billion rupees) in LuLu Group International, the LuLu hypermarket holding company, according to a source with import knowledge. Sheikh Al Nahyan is the son of …
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