Articles about Deals & Rumours

KKR to buy major stake in The Hut Group

KKR, the private equity owners of Boots, is preparing to buy a major stake in The Hut Group as part of its first steps into the online fashion market.

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Australian court approves takeover of David Jones by Woolworths Holdings

An Australian court has approved the takeover of David Jones Ltd by South Africa’s Woolworths Holdings Ltd - a move which clears the way for the USD 2 billion deal.

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Morrisons offloads Kiddicare for £2m

Morrisons has confirmed it has sold Kiddicare business to Endless Capital - a private equity firm - for £2 million.

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Alliance Boots moves HQ to Britain to swerve hefty tax payments

The majority owner of Boots is on the cusp of announcing a comprehensive restructuring plan that could see its global headquarters moved to the UK for tax purposes.

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Dixons Retail reports £166.2m FY profit

Dixons Retail - the owner of Currys and PC World - has reported a surge in pre-tax profit to £166.2 million for the financial year to 30th April.

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Carrefour bags Dia France

Carrefour SA has acquired Dia France - the French discount retailer - three years after deciding against the purchase of the business.

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Alibaba growth stalls ahead of IPO

Alibaba has reported stagnant revenue growth for the most recent fiscal quarter, causing shares in co-owner Yahoo to fall into dramatic decline.

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Starbucks to pay employee university tuition

Starbucks will pay university fees for its US workers who wish to complete a bachelor’s degree online as part of a deal with Arizona State University.

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Blackstone and DDR buy 76 malls for $2bn

Blackstone and DDR have formed a joint venture to purchase 76 shopping centres from American Realty Capital Properties for USD 2 billion, including assumed debt.

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Chanel snaps up 70% of India-based embroiderer

Chanel has snapped up a 70 per cent controlling stake in Jean-François Lesage SAS - the company which owns the Chennai-based embroidery atelier Vastrakala.

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