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June 15, 2018updated 27 Jul 2018 6:54am

M&As this week: Herman Miller, PremjiInvest, Reliance Brands

Herman Miller has acquired a 33% stake in Nine United Denmark (HAY) for $66m.

Herman Miller has acquired a 33% stake in Nine United Denmark (HAY) for $66m.

Based in the US, Herman Miller is a designer and furniture company, while HAY is an ancillary furnishings provider based in Denmark.

Herman Miller also purchased HAY brand’s North American rights for $5m, as part of the transaction.

The company will unveil four retail locations and an online store under the HAY brand, as well as provide HAY products to North American and international dealers.

HAY’s goods will be sold through Herman Miller’s Design Within Reach channels in the future.

PremjiInvest has agreed with Cedar Support Services to acquire a 6% stake in Future Retail for $252m.

PremjiInvest is an investment firm, while Future Retail operates retail stores, including Big Bazaar hyper and supermarket chain, fbb, Foodhall, Easyday Club, and eZone.

Cedar Support Services, a subsidiary of Bharti Ventures, will own a 3% stake in Future Retail upon completion of the deal.

“The transaction enables Macy’s to improve its Scale The Market @ Macy’s Experiential Retail Concept and fortify its experiences into stores.”

Both the firms involved in the acquisition are based in India.

Reliance Brands Ltd has completed the 100% acquisition of Rhea Retail Pvt Ltd.

Reliance Brands is a retailer and distributor of apparel, footwear and luxury products, while Rhea Retail sells products for children and expectant mothers.

Rhea Ret has generated Rs2bn ($30.74m) in revenue in the financial year 2017-2018.

Both the companies involved in the transaction are based in India.

C Channel Corporation has completed the acquisition of LUCE Networks for an undisclosed sum.

C Channel is an outlet of online lifestyle videos, while LUCE Networks is an online retailer of Japanese beauty products.

Macy’s has acquired a minority equity stake in b8ta for an undisclosed sum.

Based in the US, Macy’s offers fashion and affordable luxury products to customers, while b8ta operates stores across the US.

The transaction enables Macy’s to improve its Scale The Market @ Macy’s Experiential Retail Concept and fortify its experiences into stores.