Tag: Acquisition

Thyssenkrupp CEO says Liberty Steel bid needs clarification

FRANKFURT (Reuters) – A bid which Britain’s Liberty Steel submitted for Thyssenkrupp’s steel division in January must be clarified in ongoing talks between the two firms, the German group’s chief executive said. The bid still contains “a number of complex aspects that require further clarification”, Martina Merz said in a speech prepared for the group’s […]

Britain’s ASOS scoops up prized Arcadia brands for 265 million pounds

LONDON (Reuters) – ASOS has bought the Topshop, Topman, Miss Selfridge and HIIT brands from the administrators of Philip Green’s collapsed Arcadia group for 265 million pounds ($364 million), the British online fashion retailer said on Monday. The deal for Arcadia’s prized brands, which will be fully funded from cash reserves, does not include its […]

JD Sports to buy U.S.-based DTLR Villa for $495 million

(Reuters) – Britain’s biggest sportswear retailer JD Sports Fashion said on Monday it had entered a conditional agreement to buy Baltimore-based DTLR Villa LLC for $495 million. The acquisition is JD’s second one in the United States in less than two months after it bought Shoe Palace in December, as the retailer expands its business […]

Playboy nears deal to buy sexual wellness chain Lovers

(Reuters) – Playboy Enterprises Inc is nearing a deal to acquire the parent company of sexual wellness chain Lovers as it seeks to grow its lifestyle brand following the shuttering of its eponymous magazine, people familiar with the matter said on Sunday. The acquisition marks Playboy’s latest effort to leverage its famous rabbit silhouette logo […]

The Craftory invests USD50m in HIPPEAS Chickpea Snacks

HIPPEAS Chickpea Snacks, has raised USD50 million from investment house The Craftory. HIPPEAS, a healthy snacking brand, intends to use the funds to boost innovation, expand production, increase distribution and amplify its positive impact. The Craftory is a USD375 million global investment house focused exclusively on ‘championing the world’s boldest, mission-driven consumer brands’. The Craftory […]

Shareholder in Russia’s Inter RAO pushes for acquisition of Uniper, Fortum assets

FRANKFURT/DUESSELDORF (Reuters) – Russia’s Inter RAO could boost its profits by buying Russian fossil fuel assets from Germany’s Uniper and Finland’s Fortum, a shareholder in the Moscow-listed company said on Friday. The remarks come a week after Uniper Chief Executive Andreas Schierenbeck fuelled speculation about a deal when he said his firm was open to […]

CD&R backs S&S Activewear

Funds managed by Clayton, Dubilier & Rice (CD&R) are partnering with current owners and management of S&S Activewear to acquire the North American distributor of imprintable apparel and accessories. Terms of the transaction have not been disclosed. With approximately four million square feet of warehouse space and more than 2,000 employees, S&S specialises in distributing […]

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