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...Is the younger Douglas particularly religious? “I’m not, but I’m proud to be a member of the tribe. My mother was Episcopalian and as I grew up, I wasn’t considered a Jew....
...Kraft Heinz, General Mills and Hershey all said they would look to drive growth through acquisitions....
...“I’m not sure a strong currency is going to prevent someone from buying an Nvidia chip or using Amazon [but] we would probably see an impact in the midsection of the S&P 500.”...
...In 2024. hell for private equity firms is a clogged IPO market and a backdrop of dormant M&A interest. They have been trapped with a “towering backlog” of an estimated $3tn of assets to sell....
...“I’m very happy with them.” This article has been amended since publication to clarify that the valuation Douglas is seeking includes debt...
...Susannah Streeter, head of money and markets at Hargreaves Lansdown, said M&S’s “bread-and-butter customers” had “higher disposable incomes, which is partly why the chain is showing such resilience”....
...“I’m quite happy about it and I [shall] go on working for as long as I want to.”...
...The rise was chiefly driven by American bosses but, like a Hershey’s chocolate bar, the horror has crossed the Atlantic....
...“The relentless M&A and the de-equitisation, the lack of refilling the hopper is starting to bite quite hard,” he said. “I’m not convinced the IPO market is going to open soon.”...
...Companies: Hershey, TC Energy, CBRE Group, and XPO are expected to report earnings before the bell. Berkshire Hathaway holds its annual meeting tomorrow....
...Dear reader, After a week off, I’m catching up on the Lex column’s output myself. And there is plenty to chew over....
...“If it’s not Boeing, I’m not going,” was long a cherished slogan of the aircraft giant....
...Hershey’s has also announced its plan to trim 5 per cent of its staff, after reporting a drop in year-on-year profits of 11.5 per cent during the fourth quarter of 2023....
...The best book I’ve read in the past year is Young Mungo by Douglas Stuart....
...“After a long line of pretty arrogant (male) CEOs at Boeing, I’m hoping that she will bring some normality.”...
...“There’s a lot of hedge funds that say ‘I don’t want to grow, I’m very happy being whatever my size is, I’ll charge my high fees and just stay there’,” Pot said....
...You know, maybe I’ve taken more than one of the presidential branded Hershey Kisses, for example, or, which are common in West Wing offices, you know....
...Why The property was designed in the 1950s by Douglas Snelling, an Australian architect who drew on Southern Californian style and built the house as his family home....
...Douglas Webster and Douglas Mitchell were particularly grateful in 1929 for the whisky someone had left behind at Corrour, which they used for hot toddies to wash down their “hoosh” (Antarctic survival stew...
...Mars Snacking is dominated by mass-market brands such as M&Ms, Snickers, Twix and Maltesers, and until this week’s deal it had no position in the premium category occupied by the likes of Lindt and Godiva...
...Shares in the CVC-owned German beauty retailer Douglas fell as much as 9 per cent in their Frankfurt debut last month....
...I’m rounding off the week of Stephen’s holiday to bring you today’s edition, packed with high drama at Holyrood. Humza gambles on his future Who’s the most powerful politician in Scotland?...
...UBS has named Jeff Hinton as global co-head of M&A. He joined last year from Barclays as co-head of M&A for the Americas....
...Douglas Mueller Pacific Grove, CA, US...
...Let’s buy two nice, safe, very high-quality companies, which we did in Domino’s and Hershey’s. Ethan WuNestlé. Robert ArmstrongOh, I’m sorry. I was thinking American chocolate....
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