Hints and tips:
...Going to a record store and finding a gem is like a drug for me, so I will just keep on cooking. I’ll be 90 and making boom-bap, pissing off the nurses!”...
...(FT) The day ahead Retailers’ earnings US department store chains Target and Kohl’s will release fourth-quarter financial results....
...Bobby Colonna took up music at 13 and sold his first guitar at the Sam Ash instruments store in Paramus, New Jersey in 1994....
...Within weeks he had signed to Interscope and was working with Dre on his 1999 album The Slim Shady LP, which would stay in the Billboard charts for more than 100 weeks....
...Roughly £100m will go towards opening 220 Costa Coffee stores (net of closures), and the remainder will be put into Premier Inn and the restaurant business....
...abps at 81.06bp Markit iTraxx Xover n/abps at 310.83bp Markit CDX IG n/abps at 71.72bp Sources: FT, Bloomberg, Markit...
...Sales at Walmart stores open at least a year – a closely watched measure – fell by 0.3 per cent in the three months to the end of July and by 1.4 per cent in the quarter before that....
...Following the deal, Supervalu will consist of a large wholesale operation, the Save-A-Lot discount grocery chain and regional stores including Cub, Farm Fresh and Shop ‘n Save....
...a £550m deal to buy Barclays’ stake in University Partnerships Programme. http://on.ft.com/VT9MRz Starbucks suffers delay in India rollout Starbucks is suffering delays in plans to roll out dozens of stores...
...US 1.76 UK 1.83 Germany 1.60 CDS (closing levels) Markit iTraxx SovX Western Europe -6.38bps at 135.5bp Markit iTraxx Europe -1.67bps at 126.6bp Markit iTraxx Xover -11.16bps at 519.85bp Markit CDX IG n/...
...It impressed Elgar, held sway through the jazz age and was there at the birth of rock’n’roll before petering out, at least in western countries, before the Beatles’ first LP....
...Mr Ackman has suggested that Borders could end up acquired by B&N, or even by Amazon to add a bricks-and-mortar store component to its online business....
...In south India – which has a local tradition of coffee consumption, Coffee Day Holdings operates a chain of about 400 Fresh ’n Ground retail stores, which sell filter coffee blends and accessories....
...New Look’s clothes are remarkably similar to those in any other high street store – bootcut jeans, biker jackets, sweet’n’goth dresses – and its proposed flotation resembles other private equity issues returning...
...Dealers said S&N was once again being linked with US peer Biomet....
...At the Linens ’n Things store in Jersey City, the staff were hanging the “Everything Must Go” and the “Going Out of Business” signs from the store’s light fixtures on Friday....
...Beyond Boscov’s a long list of companies such as gadget seller Sharper Image, discount women’s clothes store Steven and Barry’s and Linens N Things, a home furnishings chain, have filed for bankruptcy protection...
...The writedown on Harrah’s is the latest in a series of setbacks for Apollo, which is already reeling from the bankruptcy of Linens ’n Things, the home goods retailer....
...Linens ’n Things, a US home goods chain, filed for bankruptcy protection on Friday after failing to renegotiate terms with leading creditors....
...In a letter to investors five months ago, Mr Black boasted that only one of his investments, Linens-N-Things, had not worked out according to plan....
...Linens ‘n’ Things, for example, which is owned by Apollo Management, has been selling far too few linens and things to sustain itself over the long term....
...(Apollo Management has to grapple with both Realogy and retailers Claire’s Stores and Linens ’n Things.) NXP and Freescale in semiconductors also face a rocky road....
...Apollo, which has participated in the sector’s dealmaking frenzy by acquiring Linens N Things, the bedding store chain, and General Nutrition Centers, the vitamin retailer, is offering to pay $33 per share...
...Recent private equity buy- outs in the retail sector have included the $1.3bn acquisition of Linens ‘N’ Things by Apollo Management....
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