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Updated: 2 hours 48 min ago

Amazon invests in food delivery company Deliveroo

Sat, 05/18/2019 - 02:04
US eCommerce giant Amazon announced that the company has invested in the latest fund raising of Roofoods Ltd. a UK based online food courier company. Roofoods Ltd which operates in nearly 200 cities across Europe, United Arab Emirates, Hong Kong and Taiwan is branded as Deliveroo. While the exact amount of Amazon’s investment is undisclosed, reports says that the US online shopping leader is the major investor in the $575 million that Deliveroo amassed. In 2016 Amazon started its own food delivery company called Amazon restaurants. However unable to compete with a existing players such as Uber Eats, Just Eat,
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Toymaker Hamleys Acquired by Reliance India

Sun, 05/12/2019 - 10:19
The Indian business giant Reliance reached in an agreement with British toy manufacturer Hamleys to acquire them. The C Banner International Holdings, a Hong-Kong listed company that owns Hamleys signed the agreement with Reliance. According to a statement by Reliance, the deal will “catapult Reliance Brands to be a dominant player in the global toy retail industry”. The Economics Times reported that the deal between the two firms is worth approximately Rs 620 crore (67.96 million GBP) Sources say that Reliance owner Mukesh Ambani the richest man in Asia is preparing to take on Amazon and Walmart in the billion
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