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European Stocks Close Mixed After Slightly Volatile Session finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Done Deals: ABG Is Set to Acquire Eddie Bauer + More FN Staff May 7, 2021: SPARC Group LLC announced that it would acquire Eddie Bauer from the Golden Gate Capital-owned PSEB Group. ABG will own the outdoor brand’s intellectual property, and its core operating business will become part of the SPARC portfolio. The transaction is expected to close by June 1. “The addition of Eddie Bauer introduces a new and highly differentiated expertise to the SPARC organization,” SPARC CEO Marc Miller said in a statement. “The brand pushes the boundaries of technical innovation and performance with award-winning outdoor product offerings, bringing an entirely new component to our fashion and lifestyle brand portfolio.” International growth will be an important part of Eddie Bauer’s new brand strategy, with near-term launches in China and Korea as well as opportunities in the Latin America, Europe and Asia-Pacific regions. ....
Done Deals: VF Unloads 9 Work Brands + Nobull’s New Equity Partner FN Staff Catch all the latest news about footwear industry acquisitions, and licensing and distribution agreements here. Got a deal in the works? Tell us at [email protected]. April 28, 2021: VF Corp. said it is selling the occupational portion of its Work segment to a subsidiary of Redwood Capital Investments, LLC, a diversified holding company. The group of brands includes Red Kap, VF Solutions, Bulwark, Workrite, Walls, Terra, Kodiak, Work Authority and Horace Small. (The sale does not involve the Dickies and Timberland Pro brands.) “The sale of our occupational work brands reflects our continued focus on transforming VF into a more consumer-minded and retail-centric enterprise while further simplifying our portfolio and operating model. We are pleased to have reached this agreement with Redwood Capital Investments. They are an ideal owner to guide these brands and businesses ....
Europe Stocks Inch Higher, Shrugging Off Fresh Vaccine Jitters This content was published on April 13, 2021 - 16:14 April 13, 2021 - 16:14 (Bloomberg) European shares ended slightly up, after briefly declining intraday following a U.S. recommendation to pause the use of Johnson & Johnson’s Covid-19 vaccine. The Stoxx Europe 600 Index closed 0.1% higher as gains for retail and travel shares tempered declines in defensives such as utilities. Tech outperformed as semiconductor stocks benefited from a positive read-across from U.S. specialist chip firm Nvidia Corp. Miners climbed after China’s copper concentrate imports hit a record last month. Among individual stocks, Just Eat Takeaway.com NV gained 6.7% after the food-delivery firm announced a 79% rise in first-quarter orders. JD Sports Fashion Plc added 3% after the retailer’s full-year earnings beat analyst estimates. ....
Breaking free of Brussels bureaucracy was meant to herald a bonfire of red tape for Britain. In the first 100 days of Brexit, the only thing many businesses burned was money. Customs checks, paperwork and border delays since the U.K. completed its withdrawal from the European Union at the start of the year are sucking cash and time out of firms from big-name retailers to small family-owned businesses. Companies, which warned for years that this would happen, take no pleasure in saying “we told you so,” but the frustration is clear as they grapple with the long-term reality. For many businesses on tight margins, every pound spent on documentation means less for wages, hiring and investment. While the impact will be far less dramatic than the short-term shock of the Covid-19 lockdowns, over time it will add up, hobbling the economy and eating into sales, earnings and incomes. ....