Embattled fashion chain French Connection has received two separate takeover approaches from potential suitors, it told investors this morning. The retailer revealed that it had been approached regarding a takeover by retail investor Spotlight Brands, with backing from restructuring and investment group Gordon Brothers. It has also received another potential proposal from brand investment platform … Read more
£30bn Arm takeover on the rocks: Ministers hint Nvidia deal could be blocked as former boss backs stock market return By Mark Shapland For The Daily Mail Published: 21:50 GMT, 4 February 2021 | Updated: 21:50 GMT, 4 February 2021 Ministers last night gave the strongest signal yet that the £30billion takeover of Arm could … Read more
Myanmar’s junta blocked Facebook and Whatsapp in the name of ensuring stability on Thursday after protests against military rule were streamed online. Activists said at least three people were arrested at a street protest against the coup that ousted elected leader Aung San Suu Kyi. Opposition to the junta has emerged very strongly on Facebook, … Read more
Asos confirms £330m takeover of Topshop and brands Topman, Miss Selfridge and HIIT from Sir Philip Green’s collapsed Arcadia empire – but deal does NOT include 300 shops and 7,000 store staff By Mark Duell for MailOnline Published: 07:30 GMT, 1 February 2021 | Updated: 07:41 GMT, 1 February 2021 Asos today confirmed it has … Read more
The playboy son of Boohoo’s billionaire boss hailed his father’s £55million takeover of Debenhams by revealing the family used to shop there every Saturday ‘looking for cheap TVs’. Boohoo owner Mahmud Kamani today bought the Debenhams brand with plans to make it an online-only operation – putting up to 12,000 jobs at risk as he … Read more
Crime writer Ian Rankin recalls how guests cheered Fred Goodwin and RBS chiefs as they walked in ‘like Reservoir Dogs’ at 2007 party celebrating the disastrous takeover of ABN Amro Author Ian Rankin told how he partied with disgraced RBS boss Fred Goodwin Crime writer was invited to a bash at the bank’s headquarters in … Read more
Tiffany shareholders back US jewellers £11.7bn takeover by Louis Vuitton-owner LVMH By Daily Mail City & Finance Reporter Published: 21:57 GMT, 30 December 2020 | Updated: 21:57 GMT, 30 December 2020 Tiffany shareholders have overwhelmingly backed an £11.7billion takeover by France’s LVMH. More than 99 per cent of votes cast at a one-off meeting were … Read more
TalkTalk Founder Sir Charles Dunstone backs broadband provider’s £1.1bn private takeover By Matt Oliver For The Daily Mail Published: 21:50 GMT, 17 December 2020 | Updated: 21:59 GMT, 17 December 2020 Talk Talk founder Sir Charles Dunstone has backed a £1.1billion takeover of the budget broadband provider that will see it go private. The deal … Read more
Asda paid £1.1 billion dividend to US owners Walmart before Issa brothers’ takeover By Tom Witherow For The Daily Mail Published: 21:50 GMT, 11 December 2020 | Updated: 21:50 GMT, 11 December 2020 Walmart completed the sale of a majority stake in the business to the Blackburn-based Issa brothers and their private equity backers, TDR … Read more
McCarthy & Stone shareholders say yes to £647m takeover bid for retirement home builder from private equity firm Lone Star McCarthy & Stone was also bought by a consortium in 2006 for more than £1bn The group was forced to close its building sites in the early parts of lockdown Compared to its pre-lockdown value, … Read more