Articles tagged goldman sachs

Retail News - Sports Direct founder Mike Ashley sells £117m stake

Mike Ashley, founder of Sports Direct in 1982, is selling a 2.6 per cent stake in the business, worth £117 million, in a deal with Goldman Sachs.

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Retail News - Wedgwood is for sale

High-end china and glass retailer Waterford Wedgwood has just been put up for sale by owners KPS Capital Partners – an American private equity firm.

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The progress of Tesco chief Dave Lewis’ turnaround plan took a significant hit, when ratings agency Moody’s downgraded its £7.5 billion debt to junk status after the market closed on Thursday.

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Analysts at investment bank Goldman Sachs have told some of the UK’s largest supermarkets to close a fifth of their stores to combat increased competition.

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California tech giant Apple has sold EUR 2.8 billion in bonds, its first debt offering in a currency other than US dollars.

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Retail News - Mike Ashley makes £43m gamble on ailing Tesco shares

Ever the retail maverick, Mike Ashley has turned his investor focus on Tesco, making a £43 million bet that shares in the supermarket will bounce back following revelations of a £250 million deficit in the retailer’s accounts earlier this week.

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Retail News - Russel Stover in talks to buy Lindt

Swiss chocolate brand Lindt & Spruengli have had advanced discussions with US sweets company Russel Stover.

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Retail News - Wal-Mart weighing up lucrative bid for Hong Kong supermarket?
Photo credit: Wal-Mart

According to sources close to Reuters, Wal-Mart Stores Inc. is considering making a bid for Hong Kong supermarket, ParknShop, valued at USD 4 billion. The acquisition is sparking interest from corporate and private equity buyers after Hutchison Whampoa Ltd, the conglomerate owned by Asian business mogul Li Kashing, put an August 16 deadline on the sale.

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Retail News - Billabong foresees waves of change as it announces new takeover

The Australian surf wear retailer Billabong International has received a AUD 766 million takeover offer from an undisclosed equity group. Australian Finance Review reported on Thursday that it is believed to be TPG Capital, although the source of the tipoff was not disclosed.

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Retail News - Peacocks may close 200 stores

Discount retail group Peacocks is considering the closure of up to 200 shops to safeguard the company’s future. The closures would strike around one in five of Peacock’s stores, and are being discussed as part of a broad restructuring plan aimed at safeguarding the company’s future, according to Sky’s Mark Kleinman.

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