(Reuters) – Clothing company Lucky Brand Dungarees files for Chapter 11 bankruptcy, it said Friday, becoming the latest retailer to fall victim to the coronavirus pandemic. The firm said it had entered into a “horse stalking asset purchase agreement” with SPARC Group LLC, which owns brands like Aeropostale and Nautica, …
Read More »Bank card debt that facilitated the SoftBank investment put up for auction
FILE PHOTO: The logo of Wirecard AG, an independent provider of outsourcing and private label solutions for electronic payment transactions, is displayed at its headquarters in Aschheim, near Munich, Germany, on July 1, 2020. REUTERS / Andreas Gebert LONDON (Reuters) – Convertible bonds that were part of a complex transaction …
Read More »Advocacy groups in the US and the EU warn against the purchase of Fitbit by Google
WASHINGTON (Reuters) – Twenty advocacy groups from the United States, Europe, Latin America and elsewhere signed a statement on Wednesday urging regulators to be wary of Google’s $ 2.1 billion offer by fitness tracker company Fitbit. Inc (FIT.N) for privacy and competition reasons. FILE PHOTO: The Fitbit Blaze watch is …
Read More »BP sells petchems arm for $ 5 billion in energy transition renovation
LONDON (Reuters) – BP (BP.L) agreed to sell its global petrochemicals business to billionaire Jim Ratcliffe’s Ineos for $ 5 billion, leaving a sector widely seen as a key driver of growth in oil demand in the coming decades. FILE PHOTO: A BP logo at a service station in London, …
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