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 […]
Story of the Week Mytheresa Finalizes Yoox Net-a-porter Acquisition, Will Begin Trading as ‘LUXE’ on May 1 Mytheresa has finalized its deal to acquire Yoox Net-a-porter, creating an online mega-group with the aim of becoming a 4-billion-euro business. On Apr 24, Mytheresa confirmed that it purchased 100 percent of YNAP from Richemont through the subsidiary […]
Story of the Week The Vitamin Shoppe Is Being Sold to Private Equity Companies Two private equity firms, Kingswood Capital Management and Performance Investment Partners, have entered into a definitive agreement to acquire The Vitamin Shoppe, which sells vitamins, nutritional supplements and wellness products, from Franchise Group Inc. The Vitamin Shoppe operates more than 650 […]
Story of the Week Trump limits tariffs on most nations for 90 days, raises taxes on Chinese imports Facing a global market meltdown, President Donald Trump on Apr 9th abruptly backed off his tariffs on most nations for 90 days, even as he further jacked up the tax rate on Chinese imports to 125%. It […]