Story of the Week Dick’s Sporting Goods to acquire Foot Locker for $2.4 billion in effort to corner Nike market Dick’s Sporting Goods said it plans to acquire rival Foot Locker as it looks to expand its international presence, win over a new set of consumers and corner the Nike sneaker market. Under the terms […]
Story of the Week U.S. and China agree to slash tariffs for 90 days in major trade breakthrough The U.S. and China on Monday agreed to temporarily suspend most tariffs on each other’s goods in a move that shows a major thawing of trade tensions between the world’s two largest economies. The trade agreement means […]
Story of the Week Report: Crumbl to Sell Minority Stake to TSG Consumer Partners Private equity is now taking a bite out of Crumbl. TSG Consumer Partners has reportedly agreed to take a minority stake in the 1,100-unit dessert chain, according to Bloomberg. The investment is in the form of preferred equity. Private credit funds […]