Category Archives: News

  22nd June, 2018 by Amy Hopkins Edrington is set to put its Cutty Sark and Glenturret Scotch whisky brands up for sale in a drive to hone the group’s premium focus. Glenturret is home to The Famous Grouse Experience The sale will include the Glenturret distillery – which is thought to be Scotland’s oldest […]

U.K.’s Ocado has mastered automated fresh food delivery and Kroger quickly took the lead in the U.S. by hiring them By Stephen Wilmot June 22, 2018 5:30 a.m. ET 13 COMMENTS Amazon and Walmart WMT +0.58% have invested billions in e-commerce. Yet with one deal, Kroger KR +3.41% took the lead in grocery delivery. Expect the two retail giants to fight back. Americans currently […]

There are even some gold bulls wondering if the precious metal’s yearslong rebound is ending Tough WeekGold’s worst five-day stretch in almost a year has sent prices to their lowest level of 2018.Source: WSJ Market Data GroupNote: Front-month Comex futures .a troy ounceJan. ’18Feb.MarchAprilMayJune1,2601,2701,2801,2901,3001,3101,3201,3301,3401,3501,360$1,370 By Amrith Ramkumar June 22, 2018 11:18 a.m. ET Gold slumped nearly […]

Andrew Burton / Getty When tech companies need to raise money, they typically issue stock — either in the public or private markets — or borrow money through debt. But this year, they’ve increasingly opted for a middle ground: Convertible bonds. These let companies raise cash at lower interest rates without immediately issuing stock and […]

Web.com Group Inc, a provider of internet domain name registration services, said on Thursday an affiliate of private equity firm Siris Capital would buy the company for about $2 billion in cash. Shares of the company, which also helps businesses build websites, rose 8 percent in premarket trading, matching the offer price of $25 per share. The […]

Toronto-based restaurant point-of-sale software provider TouchBistro has closed a C$72 million Series D financing. The round, which brings the company’s total funding to date to C$117 million, was led by OMERS Ventures and JPMorgan Chase. They were joined by Napier Park Financial Partners, Recruit Holdings Co Ltd, BDC Capital‘s IT Venture Fund and Relay Ventures, all of which backed last year’s C$16.3 million Series […]

JUN 18, 2018 12:38PM PT Private Equity Pumped Billions Into Dozens of Shoe Brands — Then They Went Bankrupt By Sheena Butler-Young CREDIT: SUMANA GOSH-WITHERSPOON One by one, they fell down. In the past three years,
 a slew of familiar and beloved staples — Sports Authority, Payless ShoeSource, Sports Chalet, Aerosoles and many 
of their peers — flocked to […]

Match Group, a massive online dating conglomerate, acquired Hinge today in a deal that gives the company a 51 percent stake in the app. Hinge initially marketed itself as a more welcoming version of Tinder in which users could only see potential matches who shared a mutual Facebook friend. The company then redesigned its app to get […]

Molson Coors today announced the acquisition of California-based Clearly Kombucha, marking the multinational brewing company’s first purchase of a non-alcoholic beverage brand. Terms of the transaction, which closed on June 1, were not disclosed. The deal was led by TAP Ventures, a division within Molson Coors’ enterprise growth unit that launched last year and is tasked with […]

By Nicholas Neveling – 5th June 2018 The most successful private equity exits are achieved by companies that overhaul their management teams during the investment cycle, according to data from executive search firm Drax. In its Drax Leadership Insights Report 2018, the headhunter found that 73 per cent of the private-equity backed companies achieving the best exits in […]