Financial
Apax Partners to Acquire Rue21 for $1.1B
The deal is for all outstanding shares of the company at $42 a share.
— May 23, 2013
Saks Speculation Drives Shares Up for Second Day
The spark of interest in the retailer has rekindled a long-talked-about scenario that has it merging with Neiman Marcus to form a kind of superluxury retailer.
— May 23, 2013
Kitson Secures $15M Credit Facility
According to Christopher Lee, the specialty chain’s chief executive officer, the company is seeking prospective investors and strategic partners.
— May 23, 2013
L Brands' Q1 Profit Up, Beats Projections
The operator of Victoria's Secret, Bath & Body Works, La Senza and Henri Bendel expects continued earnings growth this year.
— May 22, 2013
J.C. Penney Raises Additional $500M
The troubled retailer finalized a five-year $2.25 billion term loan, which was arranged by Goldman Sachs and is secured by its real estate.
— May 22, 2013
Carrefour Sells Stake in Middle East Operation
The world’s second-largest retailer after Wal-Mart Stores Inc. said Wednesday it has sold its 25 percent stake in Majid Al Futtaim Hypermarkets for $700.4M.
— May 22, 2013
