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Related Special Reports
...Chopra called for scrutiny of “past acquisitions” to avoid “catch and kill” deals that smother competitors....
...The market for healthy food and drinks products has grown significantly in recent years, as health-conscious consumers seek alternatives to high-sugar snacks and fizzy drinks....
...The company’s push into baby formula through the acquisition of Mead Johnson is widely seen to have been a failure....
...Entain has hired advisers to oversee the possible sale of several of its overseas brands, as one of Britain’s largest gambling companies considers unwinding a multibillion-pound acquisition spree that hurt...
...Proprium is selling its stake for €1.25bn, having acquired it for €65mn in 2007, providing the company with a more than 20-times return on invested equity when dividends are taken into account....
...Unilever is working with advisers to drum up interest from private equity groups for its ice cream division after the consumer goods group announced plans to hive off the business....
...Permira is looking at a potential transaction through its portfolio company BestSecret, a retail club based in Germany, according to people familiar with the matter....
...to remain on the weak consumer backdrop in both the US and UK....
...On Monday, the US Federal Trade Commission sued to block Tapestry’s $8.5bn acquisition of rival Capri Holdings. The pair are best known for their handbag brands....
...“There is no question that this is a pro-competitive, pro-consumer deal and that the FTC fundamentally misunderstands both the marketplace and the way in which consumers shop,” Tapestry said in a statement...
...While the group is ready to resume large acquisitions after significantly reducing its debt load, Katsuki said there were no big attractive targets for now and signalled a shift in its merger and acquisition...
...Stonebridge, the UK consumer investment firm, has hired Michael Mylonas as a partner. He previously led Jefferies’ consumer, food and beverage investment banking in Emea....
...It dismissed a proposal by the two companies to divest several hundred stores as “inadequate”....
...Vizio is a small, albeit expensive, acquisition. Its streaming service has about 18.5mn active users and the company made $28mn in net income on $1.68bn of revenue last year....
...of a marketplace with no barriers to entry, constant influx of new competitors,” Joanne Crevoiserat, the company’s C.E.O., told DealBook....
...The group last year said it had written down nearly €5bn on multibillion-euro acquisitions that included the acquisition of US subsidiary Grubhub and Just Eat’s merger with Amsterdam-headquartered Takeaway...
...On that basis, its $18.25bn acquisition of speciality building products supplier SRS Distribution, including debt, offers good news and bad....
...Some deals occurred in the food and drinks sector last year, including JM Smucker’s acquisition of Hostess Brands, Unilever’s acquisition of frozen yoghurt brand Yasso, and Nestlé forming a joint venture...
...The deal reflects a valuation of 5.4 times earnings before interest, tax, depreciation and amortisation for 2023, which Hostmore said made TGI Fridays “a highly attractive acquisition”....
...The acquisitions have been overseen by Marc Puig, chair, chief executive and grandson of the company’s founder, who opened the business in 1914 after a German submarine sunk a ship carrying the merchandise...
...When a company is sold there tends to be a standard playbook: There’s some tough negotiations. Then, the buyer gets a business and the seller gets a check. Everyone’s happy....
...That figure has undoubtedly dropped in the past almost five months, although the $173mn gross acquisition price may still represent a discount to the latest book value....
...That would give the company an incentive to build a network that would otherwise not be available to consumers....
...The company’s last major acquisition was the $16.6bn takeover of heart device maker Abiomed in November 2022....
...The biggest resistance is likely to come from China, consumer of more than half of the world’s copper, to the creation of a behemoth that could soon produce nearly 15 per cent of global supply....
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