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...Singaporean sovereign wealth fund GIC acquired a 35 per cent stake in Spain’s Hotel Investment Partners from Blackstone Group, while Abu Dhabi Investment Authority, one of Abu Dhabi’s sovereign wealth funds...
...Regulators in Brussels will order the US-based group, which owns brands including Oreo, Cadbury and Toblerone, to stop blocking cross-border trading because of the potential harm to consumers at a time of...
...The bloated share counts push up trading volumes but can weigh heavily on stock prices, particularly for lossmaking groups....
...consumer and retail....
...That segment is dominated by UK-listed Gym Group and private equity owned PureGym....
...The retail business’s profit margin was 2 per cent last year, compared with 5.8 per cent for the group as a whole over the same period....
...By contrast, concert promotion, by far Live Nation’s biggest division with 82 per cent of group revenue, pulled in only 17 per cent of total AOI....
...Welker is a partner at Sherborne, the investment group that led the break-up of former Hostmore owner Electra in 2021....
...Even its highly lucrative credit card business — which according to one analyst estimate accounted for almost half of group operating income in 2022 — is looking wobbly amid rising delinquency and a proposed...
...The group estimated the rule would cost airlines $33bn over 10 years....
...So it was with a mixture of reassurance and concern that I read last week of the $3.3bn tender offer by the telecoms group KDDI for joint control of Lawson’s 14,600 stores in Japan....
...Its clothes and bags were not seen as a threat to the world’s fast fashion groups for most of that time....
...The price of Lay’s potato chips was lifted 25 per cent in the year to end September, against an average increase of just 7-10 per cent for the category, according to market research group, Kantar....
...Walmart teamed up with tech group Innovid last year to run personalised ads on TVs....
...Clive Black, a retail analyst at Shore Capital, said: “Should CD&R sell MFG, which it has owned for some years, that equity holding of Morrisons could be quite relevant.”...
...In the end, the Fenway-led group, dubbed Strategic Sports Group, stepped to the front of the line....
...However, what matters is the investor group sees value in M and/or its real estate. This likely boosts market sentiment around [softline retail] stocks....
...Unilever employs 3,000 people in Russia, and the business represented about 1 per cent of group turnover in 2023....
...Perversely, property owners may be dissuaded in future from converting their properties back to long-term lets if they have to apply for another change of use, warns the campaign group Generation Rent....
...Data group Circana said US toy sales were down 8 per cent year on year in the first nine months of 2023....
...But, given retail sales growth and assuming a similar margin to last year’s, one might be looking at about £450mn....
...On Wednesday, the group announced Wu was replacing longstanding executive Trudy Dai as chief executive of the Taobao and Tmall ecommerce platforms....
...Indeed, Walmart’s comments about demand are consistent with the longer term trends in retail sales we see in the government data: a gentle slowdown with quite a lot of variety among different retail categories...
...The ecommerce business accounts for 38 per cent of group gross revenue. GoTo’s $599mn loss in the first nine months this year was a big improvement on 2022....
...“If you look at the top line of the company on a revenue basis, [Hertz] is performing well but on a cost basis it is underperforming,” said one person close to the group....
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