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...US buyout firm Clayton, Dubilier & Rice has hired former Tesco boss Sir Dave Lewis as an operating adviser as it seeks to bolster its consumer and retail team so it can explore new investments....
...CD&R and BC Partners declined to comment....
...To be evaluated, companies must submit their products’ complete R&D documentation and code....
...Data group Circana said US toy sales were down 8 per cent year on year in the first nine months of 2023....
...In the last fiscal year, Apple spent twice as much buying back its own shares as it did on R&D....
...They're a family-owned business from the Danish countryside beating big listed US companies. Parents like buying their kids a toy that keeps them away from screens....
...Both companies are owned by US buyout firm Clayton, Dubilier & Rice....
...Mattel, the toy company, said on Thursday that it had also found weaknesses in its internal controls over financial reporting, and that it would need more time to get its annual report out....
...In the last quarter, US chip designer Nvidia revealed that revenue from its automotive business fell 4 per cent year over year. In some regards, Apple had the right idea....
...For Lego, its stores are a literal shop window for its brand, and offer it far more control over that than it had at, say, Toys R Us....
...Amazon’s US customers had purchased more than 1,000 items a second on Black Friday, led by beauty, home and kitchen products and toys, the company said....
...But amid the AI grills and mattress toppers, the gadget attracting most attention is a smartphone replacement that looks like a Playmobil toy....
...Spending on R&D reached nearly 8 per cent of revenue last year, up from just over 2 per cent a decade ago....
...I have long tidied away my juvenile collections of similar toys and cutesy stationery — but I could never bring myself to abandon them....
...To date, no spoofing case outside those brought by the US prosecutors or regulators has prevailed....
...The broadcast will feature most of the same commercials as CBS but feature separate brands for children, such as toy makers, instead of ads from beer or sports betting companies....
...It’s also not clear whether Apollo’s video theme is a subtle jab at Bain and KKR, who were involved in the leveraged buyout of Toys R’ Us (may it rest in peace)....
...As the US IPO market stutters back to life, Reddit has renewed plans to list. The penalty for waiting is an expected $5bn valuation, half the value at which it raised funds in 2021....
...Please tell us what you think of Apple’s numbers in the comments section below...
...CD&R declined to comment....
...In the US, spot prices for virgin high-density polyethylene (HDPE), a common plastic used in products such as shampoo bottles, toys and plastic bags, dropped from $1,674 a tonne in 2021 to $943 in 2023,...
...This has led us to conclude that a consistent buyback programme is the right answer for Uber....
...It lost a big chunk of business when key customer Toys R Us went bankrupt in 2017. Indeed, between 2017 and 2019 the toymaker posted cumulative net losses of $1.8bn....
...For 12 years until 2011, the firm — then known as RSM McGladrey — was part of the publicly listed tax preparer H&R Block. “It made us into a national firm, which was great....
...In Reddit’s r/stocks forum, the social media network’s own users take a dim view of the company’s upcoming initial public offering. “RIP Reddit, it all goes downhill from here”, is the general view....
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