Story of the Week Krispy Kreme divests remaining stake in Insomnia Cookies for $75m Global doughnut chain Krispy Kreme has completed the sale of its remaining stake in Insomnia Cookies to the cookie company and certain shareholders. The company has received aggregate cash proceeds of $75m from the transaction, which will allow for debt reduction […]
Story of the Week Kimberly-Clark sells majority stake in $3.4 billion international tissue unit to Brazil’s Suzano Kimberly-Clark struck a deal with Brazilian pulp maker Suzano to sell a majority stake in its international tissue business, valuing the business at about $3.4 billion, the Kleenex tissue maker said. The deal, structured as a strategic partnership, […]
Story of the Week E.l.f. Beauty to acquire Hailey Bieber’s Rhode for $1B As it grows its skin care assortment, E.l.f. Beauty announced on May 28th that it would acquire Rhode, Hailey Bieber’s beauty brand, for $1 billion. The deal is subject to customary closing conditions and should be complete in E.l.f’s Q2 of fiscal […]
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 […]