Story of the Week Lowe’s makes $8.8B acquisition; grows Q2 profits and sales Lowe’s Companies Inc. has made another deep dive into its pro business with a multi-billion-dollar investment. The home improvement giant has entered into a definitive agreement to acquire Foundation Building Materials, a North American distributor of interior building products, for $8 billion. […]

Story of the Week Canada’s Gildan to buy Hanesbrands for $2.2 billion to expand basic apparel business Gildan Activewear has agreed to buy U.S. undergarments maker Hanesbrands for $2.2 billion in cash and stock, the companies said on Wednesday, August 13th, as the Canadian firm looks to expand its foothold in basic apparel. Gildan, whose […]

Story of the Week Bed Bath & Beyond relaunches with first store in Nashville, plans dozens more Bed Bath & Beyond is back — kind of. The bankrupt home goods chain is being resurrected by the owners and licensees of its intellectual property, which opened the first new Bed Bath & Beyond store in Nashville, Tennessee, on Friday […]

Story of the Week Trump rejigs tariff rates ahead of deadline, levies 40% duties on all transshipped goods U.S. President Donald Trump signed an executive order on July 31 that modified “reciprocal” tariffs on dozens of countries, with updated duties ranging from 10% to 41%. Trump, in a phone interview with NBC News following the […]

Story of the Week Trump announces ‘massive’ trade deal with Japan, setting tariffs at 15% President Donald Trump announced a “massive” deal with Japan that includes “reciprocal” tariffs of 15% on the country’s exports to the U.S., with auto duties reportedly being lowered to that level as well. In a post on Truth Social, Trump […]