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Newsletter
Cathie Wood: ‘a boom or bust investor’ tries to keep a sinking Ark afloat
...The courage of her convictions On a rainy Thanksgiving last November, I found myself in a pink Spanish colonial house in a leafy suburb of Nashville, Tennessee....
March 7, 2022
ETF HubLatest news on ETFs
Cathie Wood didn’t come this far to quit now
...About an hour in, as Laffer is praising Tennessee’s low-tax regime, which has lured companies such as AllianceBernstein, the mention of Wood’s former employer provides a natural segue....
March 3, 2022
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
Wm Morrison Supermarkets PLC
Fortress ups stakes in Morrisons bidding war
...Fortress has not previously done large-scale UK deals of this kind, although it has invested in US-based supermarkets Albertsons and Fresh & Easy and bought UK retailer Majestic Wine’s stores for £95m in...
August 6, 2021
ExplainerWm Morrison Supermarkets PLC
How a private equity buyer could make the most of Morrisons
...At Majestic Wine, which Fortress acquired in December 2019, freehold assets were immediately transferred into a separate property entity also controlled by the private equity group and leased back to the...
July 14, 2021
Mergers & Acquisitions
Fortress-led investor group strikes £9.5bn deal to buy Morrisons
...Fortress bought the UK retailer Majestic Wine’s stores for £95m in 2019. Rival CD&R had previously been given a deadline of July 17 to either make a firm offer for Morrisons or walk away....
July 4, 2021
Fortress Investment Group LLC
Majestic Wine to sell retail business to asset manager Fortress
...Fortress, which is owned by Japan’s SoftBank, will pay a total consideration of £95m for Majestic Wine Warehouses and Les Celliers de Calais, which encompass the bulk of Majestic’s retail and commercial...
August 2, 2019
FT Live
Business of Art
Market shifts and future growth
Monday, 7 October180 Studios, London, UK
News in-depthWearable technology
Google runs into data fears over $2.1bn Fitbit deal
...Maurice Stucke, a professor of law at the University of Tennessee, said the acquisition could be an important case as regulators will need to decide whether it could “significantly decrease privacy” for...
November 22, 2019
News in-depthNikkei Asia
US red states’ love affair with Chinese investment Premium content
...A crowd of suits and red ties slowly makes its way through a welcome arch made from red balloons, towards a temporary stage bearing a huge red banner that reads: “Grand Opening Risever Machinery, LLC.”...
January 12, 2020
FT AlphavilleJemima Kelly
Crypto's most devout believers are suffering a crisis of faith
...As you might expect for that kind of price tag, it's a pretty fancy place, featuring 13-foot “majestic ceilings”, original mosaic tiled floors and a white marbled staircase: But there's an added twist...
May 30, 2018
Markets
Fast Europe Open: Germany trade data, eurozone unemployment
...Corporate earnings and updates for Tuesday include WM Morrison, Persimmon, Majestic Wine, Games Workshop and Topps Tiles....
January 9, 2018
Life & Arts
Was it right to interview Steve Bannon?
...Inevitably, its majestic classical structures induced a certain civility, even allowing for the gravity of the subject at hand: the lessons and legacy of the global financial crisis....
March 30, 2018
Anne-Marie Slaughter
The internet of things helps spark a rust belt revival
...As Ron Klain, an Indiana native who is an experienced Washington political hand and vice-president for Revolution LLC, Mr Case’s investment firm, predicts: “Over time, young talent will move to those places...
November 23, 2017
Energy sector
Three Mile Island faces closure 40 years after partial meltdown
...Exelon warned last week that Three Mile Island had been unsuccessful in an auction to offer generation capacity for PJM, the electricity market that stretches from New Jersey to Tennessee, meaning that it...
May 30, 2017
World
Fast Europe Open: Pound firms on poll position
...It’s all about sterling this morning, as the British pound received a boost from weekend polls showing voters were cooling on the idea of the UK leaving the European Union....
June 20, 2016
Life & Arts
A canoe trip deep into Huckleberry Finn territory
...“The majestic, the magnificent Mississippi, rolling its mile-wide tide along.”...
July 29, 2016
FT Live
Business of Luxury Summit
Gathering leaders in luxury for the 20th year
Sunday, 19 MayVenice, Italy
Anjana Ahuja
A scientific race of elemental proportions
...An international team — the US Lawrence Livermore National Laboratory, the Joint Institute for Nuclear Research in Russia and Tennessee’s Oak Ridge National Laboratory — gained recognition for 115 and 117...
January 5, 2016
Retail & Consumer industry
Online and real shops merge into a seamless customer experience
...Bass Pro, a chain of outdoor sports shops, opened the emporium in a 535,000 square foot, glass-clad pyramid in downtown Memphis, Tennessee, in April....
November 18, 2015
On Wall StreetBen McLannahan
What a court ruling on raisins might mean for Fannie and Freddie
...The government just needs to follow the rule of law, says Tim Pagliara, director of a retail-shareholder group based in Franklin, Tennessee....
August 14, 2015
US & Canadian companies
Loeb’s Third Point takes stake in FedEx
...The two men met at FedEx’s headquarters in Memphis, Tennessee, Mr Loeb revealed at the DealBook conference in New York on Tuesday. “We had a very constructive discussion about the company....
November 12, 2013
ReviewLife & Arts
Robert Plant, Bluesfest, Royal Albert Hall, London – review
...An even more majestic mane of hair came into view as Plant sauntered on and began singing “Babe I’m Gonna Leave You”, a folk cover from Led Zeppelin’s 1969 debut....
November 3, 2013
US & Canadian companies
Hostess sells Twinkies in private equity deal
...After a final round of negotiations ended in stalemate, Hostess announced it would carry out plans to liquidate the company....
March 12, 2013
US & Canadian companies
Judge approves Hostess’s Twinkies sale
...At that hearing, Tennessee-based McKee Foods is expected to be approved as the buyer of the Drake’s cakes line, for $27.5m, while United States Bakery is expected to be approved to purchase the Sweetheart...
March 19, 2013
US & Canadian companies
Private equity near deal for Hostess cakes
...The $27.5m cash bid by McKee Foods, based in Tennessee, also includes equipment, but not the Drake’s bakery in New Jersey....
January 30, 2013
US politics & policy
Obama nears Arkansas health deal
...Sheryl Skolnick, an analyst at Capital Group LLC who has been closely following the issue, said Ms Sebelius’ willingness to entertain the Arkansas model had prompted other states, including Florida, Tennessee...
April 3, 2013
FT Magazine
Astronomical growth for UK
...The machine at Oak Ridge National Laboratory in Tennessee tops the 40th edition of the biannual TOP500 list of the world’s fastest computers....
November 30, 2012

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