Newmark, CBRE brokers take top retail dealmaker awards rew-online.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rew-online.com Daily Mail and Mail on Sunday newspapers.
The Real Estate Board of New York (REBNY) has announced the outstanding retail deals of 2020 that will compete for its coveted
Retail Deal of the Year Awards virtually on August 5, 2021, where a portion of the proceeds will benefit
The two winning deals – The Most Ingenious Retail Deal of the Year, which demonstrates exceptional broker acumen (ingenuity and creativity), and The Most Impactful Retail Deal of the Year, which represents the most meaningful retail transaction in its overall characteristics and importance to the New York City retail market – will be announced by REBNY Retail Committee Co-Chairs
Steve Soutendijk of
Fred Posniak of
Future Shares Slump 4.99% After Amazon Gets Interim Relief In Retail Deal Future Retail Stock Price: On Wednesday, Future Retail opened on the BSE at Rs 78.1 and touched an intra day and low of Rs 78.1 and Rs 78.1 respectively
Updated: February 03, 2021 11:43 am IST
Future Group says the deal is critical for the survival of its 1,700 stores and thousands of employees
Shares of Future Retail Limited, the country s second-largest retailer, traded 4.99 per cent down on Wednesday, February 3, a day after Amazon received interim relief from the Delhi High Court in the retail deal. The court has asked Future Retail to maintain its status quo in its deal to sell its retail and wholesale assets to reliance Industries, in a major setback for both firms. On Wednesday, Future Retail opened on the BSE at Rs 78.1 and touched an intra day high and low of Rs 78.1 and Rs 78.1 respectively, in the trading session so far. The stock of Future Retail quoted a 52-week high of Rs 382.55 and a 52
Amazon raised objections to the $3.4 billion deal
The Delhi High Court blocked Future Group s sale of a swathe of assets to rival Reliance Industries on Tuesday after Amazon raised objections to the $3.4 billion deal, in a battle of the retail titans that could reshape the shopping sector. The decision is a setback for Future, the country s second-largest retailer with over 1,700 stores, which agreed to sell its retail businesses to market leader Reliance last year. It has said it could face liquidation if the deal falls through. U.S. online giant Amazon, which had its sights set on ultimately owning part of the retail assets itself, argued a 2019 deal it had with a unit of Future contained clauses prohibiting the Indian group from selling them to anyone on a restricted persons list including Reliance.
In August 2020, Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries, had announced that it was acquiring the retail and wholesale business, logistics and warehousing business from the Future Group