Hints and tips:
...Entire small cities and towns became significantly poorer when major manufacturing plants closed, union jobs were lost forever and cheaper prices at Walmart did not compensate for the loss....
...Former boss Kerry Killinger had gone big on subprime to build what he called “the Wal-Mart of banking”, and was pushed out by investors who didn’t like a rescue refinancing led by TPG Capital....
...We’re saving a few spaces just for DD subscribers — email due.diligence.forum@ft.com to claim your spot....
...brooke.masters@ft.com...
...rana.foroohar@ft.com Follow Rana Foroohar with myFT and on Twitter...
...Drop us a line and join the conversation: Due.Diligence@ft.com....
...Here’s UBS: While the review leaves several options open, "The Board believes that Ferguson's longterm listing location is in the USA"....
...It launched the cheaper Levi’s Signature brand in 2003 to sell through retailers such as Wal-Mart but it constantly has to face upward and downward....
...In Finance v Wal-Mart: Why are Financial Services so Expensive?, Mr Philippon crunches the numbers on costs for consumers....
...john.authers@ft.com...
...By that point Wal-Mart had taken over as by far the most important retailer in the country, with a revolutionary business model....
...But the discounting strategies of retailing powers Amazon and Wal-Mart are making it difficult for goods makers to raise prices....
...Wal-Mart had been rumoured in April to be examining a $1bn bid for Pillpack, which reported revenue of more than $100m in 2017....
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...sujeet.indap@ft.com...
...The Dow Jones Industrial Average, however, was largely flat at 23,387, held back by early losses for Nike and Wal-Mart....
...“Amazon is driving Wal-Mart out of business! It’s going to get worse before it gets better.”...
...jonathan.margolis@ft.com Twitter: @TheFutureCritic Letter in response to this column: Hydroponics is the next wave in food production / From Prof John A Mathews, Sydney, NSW, Australia...
...rana.foroohar@ft.com...
...In comparison, Wal-Mart, the world’s biggest retailer by revenues, has seen its market capitalisation tick up by $23bn in 2017 to $235.4bn....
...Tequila in $5.1bn deal (WSJ) Loeb demands ‘more urgency’ for disposals at Nestlé (FT) Richemont bids to take full control of Yoox Net-a-Porter (FT) Carlyle loses control of bankrupt US oil refinery (FT) Wal-Mart...
...The deal does, however, provide more confirmation that grocers are the next industry in the crosshairs of cost-cutting distribution specialists like Amazon and Wal-Mart, which bought Jet.com last year....
...Email the Lex team at lex@ft.com...
...climate deal exit) Bob Iger, Chairman and CEO, The Walt Disney Company (left after Paris climate deal exit) Rich Lesser, President and CEO, Boston Consulting Group Doug McMillon, President and CEO, Wal-Mart...
...Before joining FS Investments, he was chief executive officer at ORIX USA Asset Management, and co-chief executive officer and chief investment officer at FrontPoint Partners....
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