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. The strangest acquisition in the retailing sector in the past couple of years was the £340m purchase of Homebase by Wesfarmers of Australia. ... [Read full article on Guardian ]
Thursday 17th of August 2017 06:45:27 PM
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....The announcement of restrictions in a range of sectors follows a buying spree around the globe during which Chinese firms and business tycoons have taken control of assets including Legendary Entertainment, the US film producer behind Jurassic World and Warcraft, buildings such as the Cheesegrater in London, and English football clubs including Southampton and Aston Villa. The curbs were announced in a document released on Friday by the state council, China’s cabinet, in the latest move to halt a string of foreign acquisitions. ... [Read full article on Guardian ]
Friday 18th of August 2017 05:32:17 PM
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....Netflix’s move to snap up the comic-book company behind Kick-Ass and Kingsman may have grabbed headlines, but the real news was Disney’s decision to pull its films from the streaming service as it looks to launch a US rival. The deal to buy Glasgow-based Millarworld marked Netflix’s first company acquisition in its 20-year history and aped Disney’s 2009 move to buy Marvel, home to the Avengers and thousands of comic-book characters including Iron Man and Captain America. ... [Read full article on Guardian ]
Sunday 13th of August 2017 06:00:06 AM
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Latest Finance News related to Acquisition

China moves to curb overseas acquisitions as firms' debt levels rise image
Source : Guardian [Read Article] Friday 18th of August 2017 05:32:17 PM
....The announcement of restrictions in a range of sectors follows a buying spree around the globe during which Chinese firms and business tycoons have taken control of assets including Legendary Entertainment, the US film producer behind Jurassic World and Warcraft, buildings such as the Cheesegrater in London, and English football clubs including Southampton and Aston Villa. The curbs were announced in a document released on Friday by the state council, China’s cabinet, in the latest move to halt a string of foreign acquisitions. ...
Bunnings beware: the Homebase revolution is failing to shape up image
Source : Guardian [Read Article] Thursday 17th of August 2017 06:45:27 PM
. The strangest acquisition in the retailing sector in the past couple of years was the £340m purchase of Homebase by Wesfarmers of Australia. ...
Netflix will need its comic-book heroes: Disney may just have become a rival image
....Netflix’s move to snap up the comic-book company behind Kick-Ass and Kingsman may have grabbed headlines, but the real news was Disney’s decision to pull its films from the streaming service as it looks to launch a US rival. The deal to buy Glasgow-based Millarworld marked Netflix’s first company acquisition in its 20-year history and aped Disney’s 2009 move to buy Marvel, home to the Avengers and thousands of comic-book characters including Iron Man and Captain America. ...
Battle for power at Uber as investor sues ex-CEO Travis Kalanick alleging fraud image
....Kalanick failed to disclose vital information about the self-driving truck startup Otto before Uber acquired it for $680m in 2016, the complaint alleges. That acquisition has been tainted by a massive lawsuit brought by Google spinoff Waymo over allegations that former Google engineer and Otto founder Anthony Levandowski stole Google’s intellectual property and took it to Uber. ...
Bank of England takes note on banknotes (but that's all) | Nils Pratley image
Source : Guardian [Read Article] Thursday 10th of August 2017 06:27:09 PM
....Part of the success of M&G, it was always understood, lay in the fact that the Prudential has let the fund manager do its own thing. The two head offices sit next to each other in the City but operational autonomy since acquisition in 1999 was supposed to suit both sides. ...
Stock market crash: how Slater and Gordon became a casualty of the neoliberal dream | Richard Ackland image
....For a while all went brilliantly. The high share price and buckets of cash allowed for a dizzy array of acquisitions – more than half a billion dollars was splashed by Slaters on snaffling 40 smaller law shops both in Australia and the UK. ...
UK defence contractor billed US more than $50m in expenses image
Source : Guardian [Read Article] Wednesday 9th of August 2017 09:56:22 PM
.... “Whoever approved of this spending should be fired – it’s a slap in the face to Missouri taxpayers and the entire contracting process,” McCaskill said in a statement. Michael Grunberg, chief executive officer of NCC, said the company strives to follow federal acquisition rules and “other relevant obligations”. ...
Netflix and Amazon on edge as Disney plans own streaming service image
Source : Guardian [Read Article] Tuesday 8th of August 2017 10:48:36 PM
....Earlier this week, Netflix moved to reduce its reliance on licensing intellectual property from rivals by acquiring comic book company Millarworld. It hopes that the company – whose properties Kick-Ass and Kingsman have already been turned into films that have been shown on the network – will do for it what the acquisition of Marvel has done for Disney. ...
Mark Millar's superhero rise from comic book nerd to Netflix winner image
Source : Guardian [Read Article] Tuesday 8th of August 2017 07:35:11 PM
....The price paid has not been disclosed but experts estimated it would be between $50m and $100m (£39m-£77m). It is the first company acquisition in Netflix’s 20-year history and an indicator that superheroes, old and new, will be on our screens for a long time to come. ...
Netflix buys comic book company behind Kick-Ass and Kingsman image
Source : Guardian [Read Article] Monday 7th of August 2017 03:20:12 PM
. Netflix has made its first acquisition, buying the Glasgow-based comic book company behind Kick-Ass and Kingsman, as it looks to imitate Marvel-owner Disney’s superhero strategy. ...
Cheers! Heineken toasts rise in half-year operating profit to £1.6 billion image
Source : Daily Express [Read Article] Tuesday 1st of August 2017 12:00:00 AM
...."A well-balanced global footprint, sustained investment in our beer and cider brands, market leading innovations and a focus on premiumisation continue to differentiate our strategy and underpin our progress. "During the period we also completed the acquisitions of Brasil Kirin and Lagunitas. ...
BNP Paribas to expand further into UK property business with merger image
Source : Guardian [Read Article] Monday 31st of July 2017 07:09:18 PM
....Britain’s housing market has also slowed sharply since the UK voted in June 2016 to leave the EU, while in the past three years demand in the country’s commercial rental market has levelled off for the first time in almost five years. Neither BNP Paribas Real Estate nor Strutt & Parker gave financial details of the acquisition. ...
Workers who lost tribunal rights should have the chance to pursue their claims | Letters image
.... There is now in place a de facto system of double punishment. Anyone convicted of an offence that involves the alleged acquisition of profit in some way will be both sent to jail and then have every piece of their life dismantled. ...
HSBC shows what happens when a bank stops shooting itself in the foot | Nils Pratley image
.... But it now operates in 68 countries, rather than 93 at the peak, which allows senior management to have a firmer grasp of what it is happening in the far corners of the empire. In parallel, HSBC has concentrated on organic growth, rather than chasing a quick buck via acquisitions, which was its habit in the late 1990s and early 2000s. ...
Serco’s boss suffers through his wilderness years image
Source : Guardian [Read Article] Sunday 30th of July 2017 05:59:11 AM
.... That changed when the company floated last autumn and was quickly promoted into the FTSE 100. The shares are now soaring 36% above the float price, the group has made a couple of subsequent acquisitions, and we will get to hear more about its largely effortless progress as a public company this week, when it announces results. ...
Jeff Bezos: how the world's richest man can change his stingy reputation image
.... Opposing unionization means depriving workers of the power to bargain on terms of equality, and until Bezos softens Amazon’s anti-union stance, it’s impossible to believe that he truly cares about the interests of the nearly 350,000 people who work for him. It’s especially important for Bezos to think about the social good after his acquisition of Whole Foods, which will give him extraordinary power over a vast number of markets. ...
Jimmy Choo auctioned off to US fashion brand Michael Kors for £900m image
Source : Guardian [Read Article] Tuesday 25th of July 2017 08:00:16 AM
.... Today, the firm runs 150 of its own stores around the world and a further 60 franchise outlets where and sells bags, perfume, trainers and hats as well as its shoes. The acquisition by Michael Kors, which is expected to be finalised this autumn, marks the fourth time Jimmy Choo, which listed on the London Stock Exchange less than three years ago at a value of £545. ...
Tesco to extend same-day online delivery service across UK image
Source : Guardian [Read Article] Monday 24th of July 2017 03:24:21 PM
....7bn) deal, its biggest foray into the grocery sector to date. The acquisition is being viewed as a signal of intent by Amazon to wade into the grocery business. ...
Rushing into a trade deal with the US would harm the UK | Adam Marshall image
Source : Guardian [Read Article] Saturday 22nd of July 2017 11:03:00 PM
.... While issues such as mutual recognition of product standards and regulatory equivalence are highly technical, there is a huge risk that UK-based firms would continue to face higher up-front costs and regulatory requirements after any agreement, leaving them at an instant disadvantage to US competitors that would suddenly have wider scope to compete in and buy up chunks of the UK market. Mergers and acquisitions are positive and healthy, particularly where they leave long-lasting economic value for the communities they affect; another consequence of a US-UK agreement could be predatory purchasing of UK firms by bigger, cash-rich US competitors. ...
British American Tobacco to acquire Reynolds as activists decry merger image
Source : Guardian [Read Article] Wednesday 19th of July 2017 06:51:28 PM
....Farm worker activists in the US said they were anxious around the growing power of tobacco firms in response to the merger. In London, Nicandro Durante, the BAT chief executive, welcomed the “overwhelming support” for the acquisition from both sets of shareholders. ...
We can only address pay imbalances if we can see them | Nils Pratley image
Source : Guardian [Read Article] Wednesday 19th of July 2017 06:43:44 PM
.... Drax was already in a related area. Then there was the acquisition of four development sites for small-scale gas turbine plants that would cost £80m-£100m a pop to build. ...
Drax looking at 'coal-free future' as it reveals £83m pre-tax loss image
Source : Guardian [Read Article] Wednesday 19th of July 2017 09:33:16 AM
....The operator of the UK’s largest power station has seen its share price slide after it posted a pre-tax loss of £83m in the first half of the year despite increasing earnings by 73%. Drax Group, which runs a coal and biomass plant in North Yorkshire, boosted its earnings to £121m from £70m last year, due to its acquisition of the business energy supplier Opus Energy. ...
$16 falafel patties anyone? Amazon moves into meal-kit market image
Source : Guardian [Read Article] Tuesday 18th of July 2017 08:47:22 AM
....In the US, it took a much larger step into the food market in June, announcing a $13. 7bn acquisition of US organic grocer Whole Foods. ...
Sports Direct buys 26% stake in Game Digital image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:59:54 AM
.... ESports will be an official medal sport at the 2022 Asian Games in China. The stake acquisition will fuel speculation that Sports Direct could pounce on Game with a takeover offer. ...
Threats, bullying, lawsuits: tobacco industry's dirty war for the African market image
....BAT denies it is opposed to all tobacco regulation, but says it reserves the right to ask the courts to intervene where it believes regulations may not comply with the law. Later this month, BAT is expected to become the world’s biggest listed tobacco firm as it completes its acquisition of the large US tobacco company Reynolds in a $49bn deal, and there are fears over the extent to which big tobacco can financially outmuscle health ministries in poorer nations. ...
Sainsbury's sales helped by hot weather image
Source : BBC [Read Article] Tuesday 4th of July 2017 07:07:05 AM
...." . Widespread media reports have suggested Sainsbury's is lining up Nisa, a convenience store chain and wholesaler, for its next acquisition. ...
Co-op energy chief predicts more small suppliers could go bust image
Source : Guardian [Read Article] Sunday 2nd of July 2017 11:25:25 AM
.... An awful lot of suppliers in market, with more to follow. We would expect to see consolidation, acquisition. ...
Ron Dennis to cut ties with McLaren board in £275m deal image
Source : Guardian [Read Article] Friday 30th of June 2017 03:53:40 PM
....The Formula One legend founded McLaren International as a company in 1980, growing it into a supplier of motor sport technology and a manufacturer of McLaren supercars, developed as a standalone business in 2010. The McLaren group, newly formed to combine the tech and automotive arms with the acquisition of Dennis’s holdings, is valued at £2. ...
Walgreens Boots Alliance scraps plans to buy Rite Aid image
Source : BBC [Read Article] Thursday 29th of June 2017 03:11:33 PM
....It has more than 8,000 stores in the US. The company said it expects the Rite Aid acquisition to bring more than $400m in savings as it makes the network more efficient. ...
Google fined record €2.4bn by EU over search engine results image
Source : Guardian [Read Article] Tuesday 27th of June 2017 09:32:10 AM
....1bn (2009): The US chipmaker was ordered to pay a fine of more than €1bn for anticompetitive practices after being found to have given price discounts to computer manufacturers Acer, Dell, HP, Lenovo and NEC if they bought its chips. Facebook, €110m (2017): The social media giant was fined for providing incorrect or misleading information during the commission’s 2014 investigation into Facebook’s acquisition of WhatsApp. ...
Imagination puts itself up for sale amid Apple dispute image
Source : Guardian [Read Article] Thursday 22nd of June 2017 08:03:55 AM
.... Apple accounts for half Imagination’s revenues, and its shares slumped 70% on the day of the news. Imagination said on Thursday that “over the last few weeks it has received interest from a number of parties for a potential acquisition of the whole group. ...
Whole Foods, then a whole industry? Amazon sinks teeth into supermarkets image
.... The biggest and most frightening beast in the retail jungle has signalled it is serious about the grocery business. Jeff Bezos’s monster is making its largest ever acquisition by paying $13. ...
DFS warns over profits in latest sign of UK spending squeeze image
Source : Guardian [Read Article] Thursday 15th of June 2017 09:32:26 AM
....4% to £461m in the year to 3 April but it slid £1. 5m into the red partly as a result of costs related to the acquisition of Naked and more investment in stores and staff. ...
EDF Energy's Vincent de Rivaz to step down after winning Hinkley battle image
....The outgoing chief executive led EDF’s successful but often torturous efforts to clinch a subsidy deal with the government for nuclear reactors at Hinkley Point C in Somerset. He also oversaw its acquisition of Britain’s ageing nuclear infrastructure in 2008. ...
General Electric says CEO Jeff Immelt is stepping down image
Source : Guardian [Read Article] Monday 12th of June 2017 12:14:10 PM
....It also invested more heavily in new technologies, including a recent $1. 65bn acquisition of LM Wind Power, a Denmark-based manufacturer of rotor blades for wind turbines. ...
L’Oréal to sell Body Shop to Brazil's Natura in €1bn deal image
Source : Guardian [Read Article] Friday 9th of June 2017 10:45:16 AM
....3%. Natura said the acquisition would help it take a “decisive step towards internationalisation”. ...
Alphabet sells off 'BigDog' robot maker Boston Dynamics to Softbank image
....The company was acquired as part of a hiring spree by Android co-creator Andy Rubin, who moved from Google’s smartphone business to head up a new initiative at the company, code-named Replicant, which was intended to bring Google a lead in the robotics space. Within a year of the acquisition, however, Rubin had quit Google to start smartphone company Essential, leading Replicant leaderless and rudderless and Boston Dynamics with little pressure to integrate with its new corporate parent. ...
Taming the giants image
Source : BBC [Read Article] Thursday 8th of June 2017 11:38:02 PM
....". John Kwoka, a professor of economics at Northeastern University in Boston, believes that taking a tougher line on mergers and acquisitions won't necessarily be enough to combat the rising power of giants like Amazon. ...
Scunthorpe steelworkers enjoy the rewards of act of faith in new owner image
....So far, however, the picture for British Steel has been more Monarch than Comet. The plant was back in the black within 100 days of its acquisition from Tata in June 2016. ...
Selling up or selling out? image
Source : BBC [Read Article] Wednesday 31st of May 2017 11:18:14 PM
.... . "If you talk to founders three or so years after the acquisition - you find most are disillusioned," he says. ...
Bumper bonus: four directors grab £40m each in City payday image
Source : Guardian [Read Article] Wednesday 31st of May 2017 11:58:59 AM
....3m last year. Excluding restructuring, acquisition and disposal costs, it made an underlying pretax profit of £96m, with revenues of £889m. ...
Edinburgh Woollen Mill acquires Jaeger brand in plan for new chain image
Source : Guardian [Read Article] Sunday 28th of May 2017 04:46:27 PM
. Edinburgh Woollen Mill has confirmed the acquisition of the Jaeger brand as part of plans to launch a new 50-store department chain. ...
Mapping a new frontier image
Source : BBC [Read Article] Thursday 25th of May 2017 11:09:51 PM
....All of this research provided only a fraction of the full picture. So the team looked into Facebook's acquisitions, and scoured its myriad patent filings. ...
Halfords profits hit by weak pound image
Source : BBC [Read Article] Thursday 25th of May 2017 07:13:06 AM
....2% to nearly £1. 1bn, boosted by the acquisition of upmarket bike business Tredz/Wheelies. ...
Ineos buys Dong Energy's oil and gas business in £1bn deal image
Source : Guardian [Read Article] Wednesday 24th of May 2017 04:16:05 PM
....Anglo-Swiss chemicals firm Ineos has bought the oil and gas business of Dong Energy for £1bn, a major milestone in the Danish company’s switch from hydrocarbons to renewable energy. The acquisition is the latest in a buying spree by Ineos, which recently bought a significant North Sea oil pipeline for £200m from BP, and takes it from 28th biggest oil and gas producer in the region to the top 10. ...
RBS could rob us of the chance to see Fred Goodwin grilled in court | Nils Pratley image
.... The period in question includes the critical months between the failure of Bear Stearns in March 2008 and the full disaster that arrived with the collapse of Lehman Brothers in September of that year. How seriously did the board contemplate the possibility that funding conditions could get much, much worse? And how credible was the assessment of the quality of assets that RBS had acquired the previous year with its acquisition of ABN Amro?. ...
Could citizens’ wealth funds halt the dominance of the financial elite? image
....Part of the finance could come from the revenue from natural resource exploitation – from minerals (including shale gas) and land to the licencing of the airways. Other sources could include occasional one-off taxes (paid in shares) on windfall profits, and a direct charge on those financial and commercial transactions – such as merger and acquisition activity – which redistribute corporate wealth upwards. ...
EU fines Facebook over 'misleading' WhatsApp data claim image
Source : BBC [Read Article] Thursday 18th of May 2017 08:12:36 AM
....". Richard Craig, an IT, telecoms and competition expert from law firm Taylor Wessing, said the fine showed that companies had to be more open with regulators during mergers and acquisitions. ...
Shining armour image
Source : BBC [Read Article] Sunday 14th of May 2017 11:02:35 PM
....Gaming industry expert Dan Maher says that Rebellion has been particularly praised for its custodianship of the 2000 AD comic book. "As the name suggests, the company prides itself on going against the grain, using the money earned from an industry driven by bleeding-edge technology to make uncynical acquisitions in the traditional publishing sector," says Mr Maher. ...
Improbable sums? Cambridge graduates' tech firm raises $500m image
Source : Guardian [Read Article] Friday 12th of May 2017 08:24:58 AM
....Son, 59, is a serial dealmaker who has never shied away from ruffling feathers in his three decades building the tech to telecoms conglomerate. In 2012, he faced criticism when the company revealed a $22bn plan to take control of US mobile phone network Sprint, in what was the biggest foreign acquisition by a Japanese company at the time. ...
Chinese hackers must pay $9m over insider trading scam image
Source : BBC [Read Article] Thursday 11th of May 2017 12:04:50 PM
.... . The US Securities Exchange Commission (SEC) said Iat Hong, 26, Bo Zheng, 30, and Hung Chin, 50, breached the websites of US law firms and accessed confidential information about mergers and acquisitions. ...
Vodafone to close down pager business after CMA shock image
Source : BBC [Read Article] Wednesday 10th of May 2017 06:55:15 AM
....A spokesman for Capita declined to comment on whether Vodafone's remaining customers will end up transferring to its PageOne business. He said: "We are disappointed that the acquisition has not been approved at phase one by the Competition and Markets Authority. ...
Coach bags New York rival Kate Spade for $2.4bn image
Source : BBC [Read Article] Monday 8th of May 2017 01:32:13 PM
....Kate Spade's handbags have found favour with millennials due to their subtle logos and quirky and colourful designs, including bags shaped like cats and cars. Victor Luis, chief executive of Coach, said the acquisition would allow his firm to target "a new customer segment". ...
BHP Billiton executives warned they could face charges if they shift company out of Australia image
....“Further, a proposal by an LSE-listed company to acquire the assets of BHP Billiton Limited would be a significant action under the FATA. Under the FATA, I am able to order that such an acquisition not occur if it is contrary to the national interest. ...
Sainsbury's weighs up franchise deals to boost Local network image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 05:08:00 PM
....Convenience stores are viewed as a major pillar of growth for Sainsbury’s as shoppers buy less in big stores. The supermarket chain’s pre-tax profits slid by 8% to £503m in the year to 11 March despite a near-13% rise in group sales to £29bn, partly thanks to the acquisition of Argos last year. ...
China's HNA becomes Deutsche Bank's biggest shareholder image
Source : BBC [Read Article] Wednesday 3rd of May 2017 05:46:08 AM
....8bn) of shares instead. HNA, which is privately run by billionaire Chen Feng, has been on a major acquisition spree in recent years. ...
Tata deal with Liberty House saves 1,700 UK steel jobs image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 11:40:38 AM
....The business will be known as Liberty Speciality Steels, with Jon Boulton appointed as chief executive. The acquisition makes Liberty one of the biggest steel and engineering employers in the UK with more than 4,500 workers. ...
Samsung self-driving cars take fight to Apple, Uber and Google's Waymo image
....The South Korean chaebol completed its $8bn (£6. 2bn) acquisition of US automotive and audio supplier Harman International in March, a move it said would help Samsung seize on the transformative opportunities autonomous vehicle technology could bring. ...
Liberty House creates 300 extra steel jobs image
Source : BBC [Read Article] Tuesday 2nd of May 2017 09:51:57 AM
....It said it was making multi-million-pound investments to secure the future of five sites across the North of England and West Midlands. The acquisition will make Liberty one of the largest steel and engineering employers in the UK, with more than 4,500 workers. ...
Bankruptcy risk as ‘desperate’ councils play the property market image
Source : Guardian [Read Article] Saturday 29th of April 2017 10:10:17 PM
....Responding for the government, Baroness Neville-Rolfe said it was up to the councils to assess risk. She said: “The Public Works Loan Board is not required to collect information on the specific reasons that local authorities borrow from it, and so it does not hold information about the amount of lending that has been used for acquisition of commercial real estate. ...
Hard times for Whole Foods: 'People say it's for pretentious people. I can see why' image
.... Investors are increasingly petitioning the company to move faster with reforms. An acquisition would underscore the consolidation of the US food retail industry as the sector prepares to compete against online retailers including Amazon, stores like Walmart and discount chains such as Aldi. ...
Lloyds appoints ex-high court judge to review handling of HBOS fraud image
Source : Guardian [Read Article] Wednesday 26th of April 2017 11:03:08 AM
....Announcing the appointment of Dobbs, Lloyds said: “Dame Linda, a retired high court judge, has been selected for her considerable experience of working on fraud cases and track record of chairing enquiries. This independent assessment will cover the period following HBOS’s acquisition in January 2009, through to the conclusion of the criminal trial on 30 January 2017. ...
Isle of Wight Festival takeover bid by Live Nation investigated image
Source : BBC [Read Article] Wednesday 26th of April 2017 09:47:24 AM
....Isle of Wight Festival founder John Giddings said the partnership would "give us the ability to access the company's scale and talent pool, bringing more acts and a better experience to the UK". Live Nation has been on a buying spree recently, making eight major acquisitions worldwide in 2016, while the Isle of Wight Festival deal marked its sixth so far this year. ...
Boohoo online fashion retailer sees its profits double image
Source : BBC [Read Article] Wednesday 26th of April 2017 06:17:43 AM
.... "They don't have to follow the lead of, say Marks and Spencer," says Peel Hunt's John Stevenson. Over the past 12 months, Boohoo has bolstered its international expansion plans through its £20m acquisition of struggling US fashion site Nasty Gal, which it completed in February. ...
Most global investors recognise financial risk of climate change, report finds image
.... Macquarie, the sole Australian investment manager included in this index, rated a D. The report said this was “a cause for concern giving its impending acquisition of the UK’s Green Investment Bank” and called on it to “dramatically improve its climate credentials”. ...
Christian Dior and LVMH combined by French billionaire image
Source : BBC [Read Article] Tuesday 25th of April 2017 11:31:29 AM
....Mr Arnault said the move would be an "important milestone" and underlined the confidence of his family group in LVMH. "The corresponding transactions will allow the simplification of the structures, long requested by the market, and the strengthening of LVMH's Fashion and Leather Goods division thanks to the acquisition of Christian Dior Couture, one of the most iconic brands worldwide," he said. ...
Luxury goods giant LVMH grabs full control of Christian Dior image
Source : Guardian [Read Article] Tuesday 25th of April 2017 10:15:06 AM
....Arnault, France’s richest man and chief executive of LVMH, which was formed from the 1987 merger of fashion house Louis Vuitton with champagne and cognac producer Moët Hennessy, hailed the deal as an “important milestone” for the group. He said the transactions demonstrated his family’s commitment to LVMH and would result in “the simplification of the structures, long requested by the market, and the strengthening of LVMH’s fashion and leather goods division thanks to the acquisition of Christian Dior couture”. ...
The new status symbol: it’s not what you spend – it’s how hard you work image
.... Today’s captains of industry publicize their social position with private islands and superyachts while the president of the United States covers nearly everything he owns in gold. But the acquisition of insanely expensive commodities isn’t the only way that modern elites project power. ...
As more buy clothes online, Walmart eyes a piece of the action image
Source : Guardian [Read Article] Saturday 22nd of April 2017 11:00:12 AM
....“Founded on Fit, Focused on Style, Built on Service” – that’s the retail promise offered by Bonobos, the men’s e-tailing business that’s being courted by Walmart and idolized by the garment industry as a model for reviving US retail woes. The $300m acquisition of the chain, which has more than two dozen stores or “guideshops” in key cities like Chicago, New York and Atlanta, is likely to be announced imminently, according to industry sources. ...
Sports Direct's £78m move into US retail stuns analysts image
Source : Guardian [Read Article] Friday 21st of April 2017 03:41:12 PM
....Sports Direct, majority owned by its chief executive Mike Ashley, is under pressure after a Guardian investigation in 2015 into its working conditions and investor criticism of its corporate governance standards. Analysts said the US acquisition would distract the company from efforts to lift its UK performance. ...
Reckitt Benckiser says Mead Johnson takeover on track image
Source : BBC [Read Article] Friday 21st of April 2017 07:17:50 AM
. Consumer goods giant Reckitt Benckiser has confirmed its acquisition of baby formula firm Mead Johnson should be completed by the end of September. ...
Weetabix sold to US firm after breakfast cereal fails to catch on in China image
....“Combining together two category leaders [Alpen] continues our strategy of strengthening our portfolio in stable categories and diversifying into new markets, bringing much-loved brands to significantly more customers globally. We are excited about the growth opportunities that this acquisition brings. ...

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