Skip to main content

FINANCE

  • Toys ‘R’ Us in new venture with Fung Retailing

    Toys “R” Us is combining its business in Japan with its ones in Greater China and Southeast Asia.   In a joint venture between the toy retailer and Fung Retailing Limited, Toys “R” Us, Japan, which operates 160 stores in the country, will become part of Toys “R” Us, Asia Ltd., which operates 223 stores in Greater China and the Southeast Asia markets and licenses an additional 34 stores in the Philippines and Macau.     

  • Report: Beauty retailer attracts suitors

    An array of private equity firms are interested in The Body Shop.   The beauty retailer, which is owned by cosmetics giant L’Oreal, has drawn bids from around 15 private equity firms and companies, including Bain Capital, CVC Capital Partners, Carlyle Group LP and South Korea’s CJ Group, Bloomberg reported.   

  • Amazon CEO reflects on future in annual letter to shareholders

    Amazon Jeff Bezos is certainly not sitting back and relaxing in his company’s success.      As his annual letter to shareholders reveals, Bezos is spending a lot of time thinking how his company can remain vibrant and successful. The letter repeats a theme that the executive brought up in his letter last year: how to keep alive the animal spirits that led Amazon to greatness, reported the Seattle Times.  

  • Whole Foods Market under pressure

    After six straight quarters of declining same-store sales, Whole Foods Market is feeling the heat.    Activist investor Jana Partners disclosed it had taken an 8.3% stake in the chain, and wants to accelerate its turnaround, Bloomberg reported.  

  • Report: Children’s apparel retailer preparing bankruptcy filing

    Gymboree Corp.’s debt and mounting losses may have finally caught up with it.   The embattled retailer is preparing to file for Chapter 11 bankruptcy protection, Bloomberg reported, as it faces a June 1 interest payment on its debt.   Gymboree has more than $1 billion in debt resulting from its Bain Capital buyout in 2010. It warned in March that it was running short on cash.   

  • Report sends Amazon’s stock price surges

    Amazon’s upward trajectory is not going to stop anytime soon — and it’s not going unnoticed on Wall Street.  

  • Supervalu in $375 million acquisition

    Supervalu Inc. has entered into a deal that will expand its wholesale business into the West Coast.    The company announced it will acquire Unified Grocers, a California-based wholesale grocery distributor, for approximately $375 million.   

  • Regional sporting goods retailer acquired by former grocery CEO

    Omega Sports has a new owner.    The Greensboro, North Carolina-based sporting goods retailer has been acquired by Craig and Kristin Carlock. Effective immediately, Craig Carlock, former CEO of specialty grocer The Fresh Market, is Omega’s new CEO.  
X
This ad will auto-close in 10 seconds