Hints and tips:
...Retail analyst Richard Hyman says that aside from Topshop, which is tied up in a deal with private equity house Leonard Green, potential buyers are unlikely to view the Arcadia business as a prize asset....
...Los Angeles is the first opening since December when Sir Philip sold 25 per cent of Topshop and Top Man to Leonard Green & Partners, a US private equity firm....
...TPG, Cerberus Capital Management, Apollo Global Management and Leonard Green are doing due diligence on Best Buy, according to two people familiar with the situation....
...Leonard Green was among the investors in the recent deal to take J Crew private and agreed in December to buy Jo-Ann Stores, a speciality fabric retailer....
...Jo-Ann Stores was advised by Centerview Partners and JPMorgan....
...Last week, Leonard Green bought Jo-Ann Stores, a fabric and crafts retailer, for about $1.6bn in cash, and the month before it participated in a buy-out of clothing chain J Crew....
...Elsewhere in retail, Jo-Ann Stores soared 31.9 per cent to $60.19 after the fabric store operator agreed to be acquired by an affiliate of Leonard Green & Partners....
...In 2006 TPG and Drexler took the brand public – share price $20 – and last year they brought it private again, along with another private equity group, Leonard Green & Partners, for $43.50 a share (total...
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