L Brands and Sycamore agree to scrap Victoria’s Secret deal
The retailer says it still plans to split in two and CEO Les Wexner will step down on 14 May
The retailer says it still plans to split in two and CEO Les Wexner will step down on 14 May
The investment from True will be used to help the management team at Hush scale the brand and support its expansion into new channels and markets
'Base case' scenario sees 30% contraction in GDP in Q2, negative consumer price growth into 2021 and high unemployment
Private equity-backed specialty grocer is expecting an up to 11% increase in first quarter sales, report shows
Opalesque Industry Update - Clearlake Capital Group, L.P., a leading investment firm that invests in the technology, industrials, and consumer sectors, today announced it has completed fundraising for its sixth private equity fund, Clearlake Capital
Dada Nexus, which operates on-demand retail and delivery platforms in China, raised $450m this week after selling a chunk of new equity.
China’s hands-on approach into investigating Luckin Coffee signals that the regulators are serious about cracking down on financial crimes by corporations. But how serious they really are will only be revealed in how they tackle
Buyout houses are holding consumer assets they can’t offload now or in the foreseeable future
The consumer-focused firm’s companies include restaurant chains and fitness providers
Chief executive officer Simon Borrows said the firm has plenty of firepower to look after the group and its portfolio if it is necessary
The Chinese Ministry of Finance and two other national regulators have concluded their investigations into fraud at Luckin Coffee. They will now impose administrative penalties.
In this round-up, Chinese financial institutions are given another year to comply with new asset management rules due to the Covid-19 pandemic, Luckin Coffee will be punished by the Ministry of Finance for inflating its
In this round-up, local governments are encouraged to use debt raised to improve smaller lenders’ capital ratio, the Bond Connect scheme launched three years ago helps foreign holding in Chinese bonds to top Rmb2.6tr, and
Lu Zhengyao will remain chairman of Chinese chain Luckin Coffee after a vote to remove him went in his favour.
Chavanne, who will take on the role of managing director, has more than 14 years’ experience
Brandless, which sold generic household products online, all for one price, shut down this week after investors grew frustrated with losses
The new consumer-focused firm will target investments of between $30m and $150m
Laxman Pai, Opalesque Asia: The aggregate value of retail private equity real estate (PERE) deals has declined since 2017. In fact, 2017 was a record year for retail, with deals amounting to an aggregate $58bn;
The end of government control of Fannie Mae and Freddie Mac drew one step closer this week, but a US Supreme Court ruling on the leadership structure of the Consumer Financial Protection Bureau (CFPB) raises
Opalesque Industry Update - Sortis Holdings Inc. (SOHI), a Portland, Oregon-based alternative investment fund manager, has launched Sortis Growth Venture Fund. The $10 million fund is a hybrid venture capital and consumer-focused private equity fund
