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ManagementFeatured

Brazilian J&F sells Havaianas maker for 850 million pounds

London - Alpargatas, the company behind the iconic Brazilian flip-flop brand Havaianas, has been sold for 1.1 billion US dollars (850 million pounds). J&F Investimentos SA has agreed to sell its controlling stake in the flip-flop manufacturer to three investment firms held by some of Brazil's leading banking families. Scandal owner J&F sells...

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JD Sports founders to sell stake in Footasylum chain

The families of John Wardle and David Makin, the men behind sportswear giant JD Sports, are reportedly set to receive 40 million pounds from the sale of their stake in high street retailer Footasylum. Both the Makins and the Wardles are shareholders in Footasylum, which was founded by the two back in 2009, four years after they sold their shares...

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Sports Direct increases stake in Debenhams

Sporting goods retailer Sports Direct has increased its stake in struggling department store Debenhams again. Sports Direct has upped its stake in Debenhams from 18.2 percent to 19.1 percent. The move comes weeks after the sportswear retailer increased its holding in the department store chain and signals the latest boost in a string of moves to...

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Wolford shareholders' group seek to sell majority stake

The leading shareholders of Wolford are currently looking to sell their undefined majority stake in the textile company. The move comes as the Austrian-based company restructures its business in an attempt to cut its losses. WMP Familien-Privatstiftung, Sesam Privatstiftung and its subsidiary the “M. Erthal & Co.” Beteiligungsgesellschaft, as...

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​Bestseller increases stake in Asos

London - Danish fashion group Bestseller, has boosted its stake in British e-tailer Asos to just over 29 percent according to regulatory filings on March 14. Bestseller increased its stake in Asos, which is holds through its investment vehicle Aktieselskabet af 5.5.2010, from 27.6 percent to 29.16 percent. The move sees Bestseller stake in Asos...

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Investcorp takes majority stake in Corneliani

London - Investcorp has acquired a majority stake in luxury menswear brand Corneliani. The Bahrain-based investment fund has come to an agreement with the family-owned Italian brand which is valued at approximately 100 million US dollars. As part of the agreement, certain members of the Corneliani family will remain in the board as shareholders...

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BusinessFeatured

SoftBank to sell part of stake in China's Alibaba for 7.9 billion US dollars

SoftBank said Wednesday it will sell at least 7.9 billion US dollars worth of its stake in Chinese e-commerce giant Alibaba, as the Japanese firm looks to pay down a whopping debt load. The mobile carrier, led by colourful billionaire Masayoshi Son, first invested in Alibaba in 2000, which has since ballooned into what is now considered to be...

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ManagementFeatured

SoftBank to sell part of stake in China's Alibaba for 7.9 billion US dollars

SoftBank said Wednesday it will sell at least 7.9 billion US dollars worth of its stake in Chinese e-commerce giant Alibaba, as the Japanese firm looks to pay down a whopping debt load. The mobile carrier, led by colourful billionaire Masayoshi Son, first invested in Alibaba in 2000, which has since ballooned into what is now considered to be...

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Management

Tesco sells stake in non-core asset Lazada to Alibaba

British retail giant Tesco has begun its sale of non-core assets as it focuses on reviving its main grocery arm, offloading approximately half of its stake in Lazada to e-commerce heavyweight Alibaba for a cool 129 million US dollars (90.6 million pounds). The UK supermarket chain, which previously held a 19.6 percent stake of the South East...

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