Billionaire Issa brothers at EG Group pay £100m for 70-restaurant chain just months after buying ASDA supermarket chain from Walmart. The deal will bring together healthy fast food chain Leon’s…
Wolseley, from Sheep shearing machines and Cars to Heating Products
Private equity giant, Clayton, Dubilier & Rice has taken over heating and plumbing distribution business Wolseley UK for £308m, sources confirmed. One of the oldest private equity investment firms in…
Huawei sells ‘Honor’ Smartphone Brand
Huawei is selling its ‘Honor’ smartphone brand to raise enough cash so that it can invest further in its own chip-making technology, which would in theory help it to become…
Netflix hires ITN Chief Anna Mallett to run its Global Studios
Netflix has hired Anna Mallett, the chief executive of ITN, which produces news for ITV, Channel 4 and Channel 5, to run its international studio operations as the streaming giant pours…
Pfizer/BioNTech vaccine announcement is cause for cautious celebration
It is not yet the end of the pandemic, but the announcement by Pfizer/BioNTech that their vaccine has been 90% successful in the vital large-scale trials has got even the soberest of…
ASDA sold to billionaire Issa brothers in £6.8bn deal
ASDA is returning to British ownership for the first time in 21 years after Walmart agreed terms for the £6.8 billion sale of the 3rd largest Supermarket chain in UK…
US Casino Firm Caesars buy British bookmaker William Hill for £2.9bn
US casino giant Caesars has agreed a £2.9bn takeover of British bookmaker William Hill. Caesars already owns a 20 per cent stake in William Hill‘s US operations, which also have exclusive…
Debenhams prepares to seek new owners via a sale of the business
Debenhams is reportedly pushing forward with a plan that could see a change of hands after retailer fell into administration for the second time within a year during lockdown. Investment…
Next to takeover Victoria’s Secret UK franchise
Next has reportedly been chosen as the “preferred” UK franchise partner for Victoria’s Secret the world’s largest lingerie brand and has agreed an outline deal to takeover the business on…
Boohoo.com buys Oasis and Warehouse brands for £5.25million
The fast-fashion internet retailer Boohoo has revealed a deal to buy the online businesses of collapsed chains Oasis and Warehouse for £5.25 million. Boohoo who owns on-line fashion brands, PrettylittleThing,…