LONDON: Farfetch, Alibaba Group and Richemont announced a global strategic partnership to provide luxury brands with enhanced access to the China market as well as accelerate the digitization of the global luxury industry. Leveraging each company’s respective expertise and extensive reach, the partnership will bring luxury retail to the next generation by seamlessly integrating the…
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JF Petroleum Group acquires McCon Building & Petroleum Services
MORRISVILLE: The JF Petroleum Group, a MidOcean Partners portfolio company, has acquired McCon Building & Petroleum Services Inc, a news release said. Headquartered in Flower Mound, Texas, McCon is a full-service provider of petroleum equipment distribution, maintenance and construction services to customers across Texas. The addition of McCon to the JF Petroleum Group strengthens its…
Curtiss-Wright completes acquisition of Pacific Star Communications
DAVIDSON: Curtiss-Wright Corporation has completed the acquisition of Pacific Star Communications Inc. for $400 million in cash. PacStar is a leading provider of secure tactical communications solutions for battlefield network management, including commercial off-the-shelf (COTS)-based rugged, small form factor communications systems, and its proprietary “IQ-Core Software” integrated network communications management software. The acquisition establishes Curtiss-Wright…
Manipal Hospitals to acquire 100% stake in Columbia Asia Hospitals in India
BENGALURU: Manipal Hospitals announced its intent to acquire 100% stake in Columbia Asia Hospitals Private Limited. The transfer of ownership to Manipal Hospitals is expected to be completed post regulatory approvals. The strong clinical expertise and breadth of services of Manipal Hospitals, complemented by the strengths of Columbia Asia in clinical and service quality, will…
FCPT acquires a four Verizon properties portfolio for $7.2 million
MILL VALLEY: Four Corners Property Trust (FCPT) announced the acquisition of four Verizon properties for $7.2 million. The properties are located in OH and PA and are occupied by a Verizon retail operator (Cellular Sales of Knoxville) with over 780 locations under net leases with approximately nine years of weighted average term remaining. The transaction…
John Forsyth appointed President and CEO of Cirrus Logic Inc.
AUSTIN: Cirrus Logic Inc. announced that Jason Rhode plans to step down as chief executive officer and director effective Jan. 1, 2021. The Cirrus Logic Board of Directors has appointed current President John Forsyth as president and chief executive officer effective Jan. 1, 2021. Rhode will remain at Cirrus Logic as an executive fellow where…
Bitterz, a Japanese Crypto Exchange launching today is giving away Bitcoin
KINGSTOWN: Bitterz LLC announced that global crypto exchange Bitterz in Japan will start to provide services to customers in China, Hong Kong and Taiwan. To celebrate the grand opening, Bitterz is currently offering $50 worth of bitcoins to all customers who open a new account (free of charge). Main features of Bitterz: A safe environment…
Inspire Brands agrees to acquire Dunkin’ Brands in a $11.3 billion deal
Adds iconic Dunkin’ and Baskin-Robbins brands to Inspire’s portfolio, which includes Arby’s, Buffalo Wild Wings, SONIC Drive-In, and Jimmy John’s ATLANTA: Inspire Brands Inc. and Dunkin’ Brands Group Inc. have entered into a definitive merger agreement under which Inspire will acquire Dunkin’ Brands for $106.50 per share in a cash transaction valued at approximately $11.3…
Guess & Co. Corporation elects directors at 2020 annual meeting of shareholders
MIAMI: Guess & Co. Corporation announced its Board of Directors following their election at the Annual Meeting of Shareholders. The following individuals were elected to the Board of Directors at the company’s Annual Meeting of Shareholders that was held on Friday, October 30, 2020. Mr. Jerry D. Guess, Chairman of the Board of Directors Ms….
Pac-12 announces a multi-year partnership with Pacific Seafood
SAN FRANCISCO: Pac-12 has announced a multi-year partnership with Pacific Seafood, which would be official meat and seafood provider of the Pac-12 Conference, a news release noted. One of the largest seafood companies in the country, Pacific Seafood will now serve as the Official Meat and Seafood Provider of the Pac-12 Conference. The partnership begins…
Midwest Retail Properties acquires Walmart-anchored retail center in North Carolina
HICKORY: Midwest Retail Properties (MRP) has acquired Shoppes at Hickory, a Walmart-Anchored Shopping Center in Hickory, North Carolina, a news release noted. Shoppes at Hickory is 22,195 square feet and 100% occupied with tenants such as Heidi Uniforms, SafGard Shoe Company, and Complete Laser Clinic. The property is located off Highway 70 in a busy…
Bill & Melinda Gates Foundation funds Icosavax’s COVID-19 vaccine program
SEATTLE: Icosavax Inc. announced that the Bill & Melinda Gates Foundation has provided a $10 million grant to support the company’s COVID-19 vaccine program through the first in human Phase 1 clinical trial in young and older adults, expected to initiate in mid-2021. In addition, Icosavax received $6.5 million from Open Philanthropy to support development…