LONDON, UK: Frasers Group plc has entered into a binding agreement with Signa Retail Department Store Holding GmbH to acquire SportScheck, one of the leading sports retailers in Germany. The acquisition will enable Frasers to grow its presence in Germany,…
SYDNEY, AUSTRALIA: GUD Holdings has entered into an agreement to acquire Rindab AB (RVX) and its subsidiary Vision X Europe AB from the company’s Swedish owners. The RVX leadership team is to remain in place and the acquired business is…
LinkedIn, the social media network for professionals owned by Microsoft, announced on Monday that it will be laying off 668 employees. This is the second round of job cuts for LinkedIn this year, and it comes amid slowing revenue growth…
WeWork on Monday named interim CEO David Tolley as its permanent CEO, tasking the former Blackstone executive with turning around the flexible workspace provider’s ailing business. Tolley, who was CFO of satellite operator Intelsat from 2019 to 2022, has been…
Hong Kong’s BC Technology Group Ltd. is considering selling its cryptocurrency platform OSL, one of only two exchanges licensed under the city’s new digital asset rules, Bloomberg reported. BC Technology has held talks with potential buyers, including industry players and…
COPENHAGEN: Novo Nordisk A/S, a biotechnology company based in Denmark, announced on Monday that it will acquire ocedurenone, a pill for uncontrolled hypertension, from KBP Biosciences for $1.3 billion. The drug also has potential benefits for cardiovascular and kidney disease…
Stash, a New York-based investment and banking app, has secured $40 million in new funding to support its “next phase of growth” and announced a new independent audit chair. The company’s latest round was led by funds and accounts advised…
LONDON, UK: abrdn has agreed to sell its £7.5bn AUM European-headquartered Private Equity business to Nasdaq-listed Patria Investments. The sale is expected to complete in the first half of 2024. Upfront consideration comprises of £60 million of cash; secured deferred…
LONDON, UK: Bruntwood SciTech, a leading UK property provider for the life science and tech sectors, has received £500 million of extra funding and welcomed Greater Manchester Pension Fund (GMPF), the UK’s biggest local authority pension fund, as a new…
LONDON, UK: SkyGem Acquisition Limited, a private company backed by ZQ Capital, has acquired 59.96% of the shares of Allergy Therapeutics for 1 pence per share. As a result of this acquisition, SkyGem is required to make a mandatory cash…
Disposal of group Casino’s stake in Éxito Group PARIS, FRANCE: Casino Group has agreed to sell its 34.05% stake in Almacenes Éxito S.A. (Éxito Group), a leading grocery retailer in Colombia, to Grupo Calleja, the owner of Super Selectos, the…
SYDNEY, AUSTRALIA: Vital Metals Limited (ASX: VML) announced the appointment of mining sector professional Dr Geordie Mark as its Managing Director & CEO. Most recently, Dr Mark was the Head of Mining for Haywood Securities Inc., where he held different…