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Shrink Contributed to 99 Cents’ Demise, And So Did An LBO
Sourcing Journal via Yahoo News· 2 months agoShrink and inflation are among multiple reasons 99 Cents Only Stores had to call it quits. Increases...
2024’s Retail Distress List is Growing, Experts Say
Sourcing Journal via Yahoo Finance· 2 months agoCorporate defaults are on the rise, and that means retailers already in distress could become even more pressured this year. A U.S. Distressed and...
Manchester United and the Glazers’s debt explained
The Independent via Yahoo News· 2 years agoThe Glazer family’s acquisition of Manchester United remains controversial to this day. Their £790m takeover in the summer of 2005 came by way of a...
L.B.OMG: The deals that tested the buyout market in 2022
Pitchbook via Yahoo Finance· 1 year agoInvestors inked a flurry of big-ticket leveraged buyouts this year, no mean feat in a dealmaking environment that tested big banks and private lenders alike. Facing heightened uncertainty brought ...
Twitter Forming Content Moderation Council; Owner Elon Musk Vows “No Major Content Decisions Or...
Deadline via Yahoo News· 2 years agoElon Musk, who just took over Twitter in a $44 billion leveraged buyout, sought to allay fears about...
CommScope: A Multibagger or Bust
GuruFocus.com via Yahoo Finance· 1 year agoI bought CommScope Holding Co. (NASDAQ:COMM) a few years ago, when interest rates were low and the stock looked cheap. It has gotten a lot cheaper since...
Citigroup reports $110 million leveraged-loan loss as other banks avoid sector exposure
Reuters via Yahoo Finance· 2 years agoNEW YORK (Reuters) -Citigroup took a $110 million writedown on leveraged loans in the third quarter,...
Is Red Lobster going out of business? Here's what it means for Texas restaurants
The El Paso Times via Yahoo Finance· 2 months agoSeafood restaurant chain Red Lobster has filed for Chapter 11 bankruptcy in Florida, the company...
Sir Jim Ratcliffe will have no honeymoon as he faces urgent problems at Manchester United
The Independent via Yahoo Sports· 5 months agoWhen Sir Jim Ratcliffe was born, Manchester United were champions of England. If that was an unusual...
Goldman Sachs strategist expects LBOs to return in 2024
Pitchbook via Yahoo Finance· 8 months agoGoldman Sachs' chief credit strategist anticipates a return to the leveraged buyout in 2024. Lotfi Karoui said the record amounts of dry powder paired with more deals financed with equity and ...