Apollo news and archive

End Clothing taken over by Apollo as part of recapitalisation plans

End Clothing has switched hands as part of an agreement by the retailer’s lenders and shareholders to recapitalise the business. It has been reported that private equity firm Apollo has taken over the company as End Clothing looks to reduce its debt. This is according to Drapers, to which End Clothing’s chief executive officer, Parker Gunderson,...

Business

Farfetch reportedly in talks with Apollo for rescue deal

Farfetch is believed to be in talks to secure “emergency funding” from Apollo Global Management, one of several parties said to be in discussion with the struggling luxury platform. While there is seemingly an extensive selection of suitors, a deal for the NYSE-listed company is reportedly said to be “far from certain”, according to Sky News,...

BusinessFeatured

THG terminates takeover talks with Apollo

THG, the owner of LookFantastic, GlossyBox and MyProtein, has announced that it has terminated acquisition discussions with Apollo Global Management, stating that the firm had undervalued the group. The UK-based beauty and tech conglomerate initially announced it had been approached for a non-binding offer on April 17, with Apollo seeking an...

BusinessFeatured

Marks & Spencer buyout mulled by US investment giant

US investment firm Apollo Global Management is reportedly mulling a buyout of Marks & Spencer. The New York-based firm considers the British retailer’s share price to be unreasonably weighed down by the pandemic, The Sunday Times reports, citing City sources. Apollo also thinks not enough value has been attributed to the 50 percent stake Marks &...

Business

Jones Bootmaker headed for the selling block

London - One of the oldest footwear brands on the British high street is up for sale: Jones Bootmaker. The footwear chain has been put up on the chopping block by its current owner, turnaround firm Alteri Investors, raising concerns for the future of its 110 retail locations and thousands of workers. The move comes over a year after the footwear...