Story of the Week Authentic Brands Group Initially Agrees to Buy Champion From Hanesbrands Inc. After a bidding process that went on for weeks, Authentic Brands Group came out the winner after agreeing to buy the athletic apparel label Champion from Hanesbrands Inc. for a little more than $1 billion. No formal agreement has been […]
Story of the Week Home Depot is acquiring specialty distributor SRS for $18.25 billion in huge bet on growing pro sales Home Depot on Thursday said it is acquiring SRS Distribution in an $18.25 billion deal, the latest and largest sign of its ambitions to drive sales by winning more business from contractors, roofers and other home […]
Story of the Week Unilever to split off its ice cream unit including Ben & Jerry’s Unilever announced plans to separate its ice cream unit, which includes Ben & Jerry’s and Magnum, as part of a restructuring that will affect 7,500 jobs. The company added that its ice cream division, which generated 7.9 billion euros […]
Story of the Week Kevin Plank returns as Under Armour CEO, Mohamed El-Erian named board chair Under Armour announced that CEO Stephanie Linnartz is stepping down from her role just over a year after she started, and founder Kevin Plank will return as the brand’s chief executive. Linnartz took over as Under Armour’s CEO in […]
Razor maker Harry’s files for IPO, sources say Harry’s Inc, a maker of razors and other grooming and personal care products that was valued at $1.7 billion in a private fundraising round in 2021, has filed confidentially with U.S. regulators for an initial public offering, according to people familiar with the matter. Harry’s, whose investors […]