The Blackstone private equity firm has gobbled down a majority interest in the Jersey Mike’s sub sandwich chain.
Tag: Economy
Post
SPOTLIGHT: HARD TIMES FOR CONSUMER-FACING COMPANIES
Nestlé has pared back its medium-term profit outlook and launched a cost-cutting campaign as part of new CEO Laurent Freixe’s turnaround program for the world’s biggest processed foods maker.
Post
SPOTLIGHT: BIGS GETTING BIGGER
Private equity firms Shore Capital Partners and Silver Lake Technology Management have partnered to create an entity that has bought and merged two chains of veterinary clinics.
Post
SPOTLIGHT ON CHINA’S ECONOMIC STRUGGLE: CHINA’S DOMESTIC ECONOMY PERKED UP IN OCTOBER
In October, China’s retail sales grew by 4.8 percent, their sharpest monthly increase since February, figures reported by the National Bureau of Statistics showed.
Post
LUXURY COMPANIES MISS FINANCIAL TARGETS
The personal luxury goods industry lost 50 million customers this year, according to a new report by consulting firm Bain & Co. and Italian luxury trade group Altagamma.
Post
SPOTLIGHT: CONSUMER PRODUCT COMPANIES ARE STILL TAKING A BEATING
BMW, Honda, and Toyota reported sharp drops in third-quarter profits and cited the continuing weakness in China’s passenger vehicle market as the cause.
Post
SPECIAL REPORT: LATIN AMERICA TURNS TO CHINA
The new Port of Chancay may be located on Peru’s Pacific coast but it has been made by China.
Post
ECONOMIC BRIEFS
Americans’ mood about the economy rose in early November to its brightest in six months, according to the University of Michigan’s monthly survey of consumers’ moods and views.
Post
SPOTLIGHT: BIGS GETTING BIGGER
Private equity firms Energy Capital Partners (ECP) and KKR have entered a partnership to invest a combined $50 billion to build data centers and energy supplies for them to support the widespread adoption of artificial intelligence (AI).
Post
SPOTLIGHT: CHINA’S ECONOMIC MISERY
China has completed arrangements to open a $1.4-trillion fund for local governments engulfed by debt.
The funds to help local governments clear “hidden” or off-book debt will be available until 2029, officials announced at an 8 November press briefing.