Story of the Week Frasers Group launches €2 billion takeover offer for struggling Hugo Boss Frasers Group, the retailer controlled by British billionaire Mike Ashley, launched a €2 billion ($2.31 billion) takeover offer for struggling German fashion brand Hugo Boss. Frasers, the biggest shareholder in Hugo Boss with a 26.1% stake, is offering €38 per […]
Story of the Week Barry Diller offers to buy rest of MGM in nearly $19-billion deal Barry Diller has made an offer for the remaining portion of MGM Resorts International he doesn’t already own, marking the latest pivot for the billionaire media mogul after overhauling IAC Inc. The proposal, which would be made through Diller’s […]
Story of the Week It’s official: Shein has acquired Everlane Shein has acquired Everlane, after buzz about a deal had swirled for days following an initial report. The move represents the direct-to-consumer brand’s next phase, enabling global expansion and new capabilities and opportunities, said Everlane CEO Alfred Chang. Everlane, which touts its supply chain transparency, […]
Story of the Week EBay rejects GameStop takeover bid: ‘Neither credible nor attractive’ EBay rejected GameStop’s $56 billion takeover proposal, calling the unsolicited bid “neither credible nor attractive.” GameStop CEO Ryan Cohen two weeks ago unveiled an audacious bid for eBay, offering to acquire the online marketplace for $125 per share in a cash-and-stock deal. […]
Story of the Week KKR Scoops Up Dallas Deal Machine Arctos Partners in $1.4 Billion Sports Power Play KKR has officially closed its purchase of Dallas-based Arctos Partners, pulling the fast-rising sports-investment specialist into a freshly built KKR Solutions platform. The initial consideration came in at $1.4 billion, made up of roughly $300 million in […]