NEW YORK Israeli businessman Samuel Ben-Avraham said on Wednesday he has submitted an offer for Barneys New York Inc, challenging a $271 million bid for the bankrupt luxury department store from brand developer Authentic Brands Group LLC.
LOS ANGELES/NEW YORK Facing off against a plaintiff’s lawyer for the first time about Johnson & Johnson’s Baby Powder, the company’s Chief Executive Alex Gorsky earlier this month insisted that the company’s iconic brand was safe.
MADRID/FRANKFURT/NEW YORK Private equity firms Blackstone Group Inc and CVC Capital Partners Ltd are seeking to hire underwriters for an initial public offering (IPO) of Paysafe Group Ltd that could value the payments processing firm at more than $10 billion, including debt, according to people familiar with the matter.
NEW YORK SoftBank Group Corp is attempting to become the majority owner of WeWork without assuming the onerous lease obligations of the U.S. office-space sharing firm, according to people familiar with the matter.
U.S. retailer Sears has borrowed about $150 million from lenders, including its billionaire owner Eddie Lampert, as it racks up losses less than a year after it emerged from bankruptcy protection, people familiar with the matter said.
Oct 18 U.S. retailer Sears has borrowed about
$150 million from lenders, including its billionaire owner Eddie
Lampert, as it racks up losses less than a year after it emerged
from bankruptcy protection, people familiar with the matter
NEW YORK U.S. luxury department-store chain Barneys New York Inc is nearing a roughly $270 million deal with brand developer Authentic Brands Group that could lead to Barneys shops opening in Saks Fifth Avenue stores, people familiar with the matter said on Monday.
OxyContin maker Purdue Pharma LP steered up to $13 billion in profits to the company's controlling Sackler family, according to U.S. states opposing efforts to halt lawsuits alleging the company and its owners helped fuel the U.S. opioid epidemic.
NEW YORK/WASHINGTON A grand jury indicted a senior manager at Fiat Chrysler Automobiles NV (FCA) on charges he lied to regulators about diesel emissions, alleging the deception continued even after a scandal over cheating on government environmental tests had engulfed rival Volkswagen AG .