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American Apparel approached for possible buyout: WSJ

19 December | 02:30 AM | | Business

(Reuters) - Clothing manufacturer American Apparel Inc has been approached by private equity firm Irving Place Capital for a possible takeover, The Wall Street Journal reported, citing sources. The Los Angeles-based retailer received an expression of interest from Irving Place in the last couple of weeks, people familiar with the matter told the Journal, adding that the approach was initially rebuffed because of the low price.


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Nike Q2 earnings per share rise 25 percent

Nike in its fiscal 2015 second quarter results ended November 30, 2014 said that the company experienced strong consumer demand driving revenue growth across the portfolio. Diluted earnings per share grew faster than revenue, up 25 percent, primarily due to gross margin expansion and a lower average share count.


Kraft Foods Group Announces Appointment of John Cahill as CEO

Kraft Foods Group, Inc. announced that its board of directors has named John Cahill, Chairman of the Board of Directors, to the position of Chairman and Chief Executive Officer of Kraft Foods. Mr. Cahill will succeed Tony Vernon, who has informed the board of his intention to retire as CEO on Dec. 27, 2014, the last day of the company's fiscal year.


Cuba truce opens treasure trove for US

Companies considering doing business in Cuba will find a country ripe for a modern communications system, lacking consumer goods like Coke and Pepsi, and craving more hotels, earth-moving equipment and even aluminium cans for beer. That is the bounty potentially awaiting US corporations as President Barack Obama moves to thaw relations.

My Tube: Celebrities at the Esprit Dior Tokyo 2015 show
Celebrities at the Esprit Dior Tokyo 2015 show
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Asda CEO Andy Clarke becomes president of IGD

Asda chief executive Andy Clarke is to become president of IGD, the food and grocery research and training charity. Due to take up his role in January, Clarke has served as vice-president of IGD for the last two years and will succeed Fiona Dawson currently of Mars Chocolate UK and Global Retail. The president is the public face of IGD and Clarke will serve in the role for two years.

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Apple under fire again for working conditions at Chinese factories

BBC investigation finds excessive hours and other problems persist despite promises to clean up act after Foxconn suicides Workers in Chinese factories making Apple products continue to be poorly treated, with exhausted employees falling asleep on their 12-hour shifts, the BBC has said after an undercover investigation.

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Amazon : Macmillan Reaches Deal With Amazon Inc. and Macmillan reached a deal covering the sale of print and e-books, the latest deal between the online retailer and a publishing house following controversies over the share of e-book profits. Late last week Macmillan reached an agreement with Amazon on a multiyear deal for print books as well as a multiyear deal on the agency model for e-books.

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