takeover news and archive

Buyers move in as New Look edges closer to breaking-point

London - Potential buyers are understood to be moving in on New Look, after its ongoing financial crisis leave the high street fashion retailer a prime takeover candidate. Prospective buyers are mulling over bids to take control of New Look after the value of its bonds collapsed, sources revealed to The Mail on Sunday. The fashion retailer is in...

Design

Retail takeovers abandoned

The downturn in high street spending and increasing gloom in the retail world has led to plans for a number of retail takeover deals being abandoned. Earlier this year, the owners of a string of retailers and consumer goods companies hired investment bankers amid hope those dealmakers would be able to sell these businesses at a decent price. The...

Fashion

Sports Direct up bid for Everlast

UK sportswear retailer Sports Direct International has increased its takeover offer for US boxing equipment firm Everlast to $182.3m (£90.7m). Sports Direct's increased all-cash bid comes after the rival bidder for Everlast , US investment fund Hidary, increased its own offer at the weekend. Hidary on Saturday lifted its all-stock bid to...

Fashion

Takeover Deal In Store For Hobbs

The management of upmarket fashion chain Hobbs is this week due to meet prospective buyers sizing up a GBP100m takeover deal. Baugur and private equity firms 3i and PPM Ventures are among those interested in acquiring Hobbs from its 80 per cent owner Barclays Private Equity.