All Mergers & acquisitions articles – Page 38
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NewsSports Direct deal was HoF’s only option, says EY
Sports Direct’s bid for House of Fraser was “the best and only offer capable of being completed”, according to administrator EY.
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NewsAshley vows to keep 80% of HoF stores open
New House of Fraser owner Mike Ashley has pledged to keep 80% of the department store chain’s shops open.
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CartoonRetail cartoon: Mike Ashley's transfer window spending
Patrick Blower’s take on Mike Ashley spending big on House of Fraser, if not on new players at Newcastle United.
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AnalysisAnalysis: What Sports Direct's swoop spells for HoF
Sports Direct tycoon Mike Ashley realised his dream of owning a department store business with an audacious £90m pounce on House of Fraser. Retail Week considers the implications.
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NewsPoundworld brand could be resurrected by rescue bid
The Poundworld brand and a handful of its shops could be saved following an eleventh hour rescue bid by Irish retail family the Hendersons.
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NewsSports Direct acquires House of Fraser for £90m
Sports Direct has bought House of Fraser out of administration for £90m following a battle to control the beleaguered department store chain.
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NewsHoF creditors to pick a rescue bid as early as today
House of Fraser’s lenders could reportedly decide on bids from at least three white knights today, including Mike Ashley, Philip Day and Alteri Investors.
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NewsOver 1,000 Homebase jobs at risk
Homebase will reportedly close a quarter of its stores in a company voluntary agreement that could lead to more than 1,000 job cuts.
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NewsUpdated: HoF in rescue talks with Alteri, Philip Day
House of Fraser has held talks with rescue fund Alteri in its search for a new owner.
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NewsHouse of Fraser on the brink as rescue deal collapses
House of Fraser’s future has been plunged into doubt after potential new owner C.Banner pulled out of a takeover deal.
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NewsMike Ashley in discussions for £50m HoF rescue bid
Sports Direct founder Mike Ashley is reportedly in talks with House of Fraser’s advisers to offer a £50m lifeline to the struggling department store chain.
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NewsThe Hut Group secures $1bn banking facility
The Hut Group’s banking facility has surpassed the $1bn mark for the first time, with additional funds earmarked for US and European expansion.
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NewsTesco’s Carrefour tie-up set for French watchdog probe
The proposed tie-up between Tesco and Carrefour and its impact on their respective consumers and suppliers will be scrutinised by the French anti-trust authority.
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NewsThe Body Shop raids L’Occitane to bolster top team
The Body Shop has made a raft of executive appointments including poaching two directors from rival beauty retailer L’Occitane.
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NewsTesco UK boss Wilson diagnosed with cancer, steps down
Tesco’s UK and Ireland chief executive Charles Wilson will step down from his role this month following a throat cancer diagnosis in April.
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OpinionOpinion: Don't ignore the seismic shifts in global retail
As we obsess about the rapidly changing shape of British retail, we are in danger of missing the bigger picture.
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NewsSainsbury’s posts flat first quarter like-for-likes
Sainsbury’s like-for-like growth edged up 0.2% in the first quarter as the grocer ploughed £150m into lowering prices.
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NewsTesco and Carrefour set to enter strategic alliance
Tesco and Carrefour are preparing to create a global strategic alliance in a bid to offer “even lower prices” to customers.
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NewsAmazon to shake up health sector with PillPack acquisition
Amazon is to acquire US online pharmacy PillPack in a deal likely to rock the healthcare sector.
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OpinionOpinion: Sainsbury's Coupe has cracks to paper over
Sainsbury’s boss Mike Coupe displayed his trademark sangfroid and politician-style equanimity when he was grilled by MPs over the Asda merger last week.