25 result(s) displayed (1 - 25 of 31):
Investing in an emerging market is almost always daunting. It's even more so in an economy as volatile as the present one. Still, Carla Zilka, founder of the global restructuring firm NexGen Advisors LLC, says for strategic and financial investors with the capital to do so, now is a good...
Posted on September 16, 2009 10:55 AM
Wells Fargo & Co. has reorganized its local leadership structure as part of its integration of Wachovia Corp. The combined organization has 138 offices in 38 states and $55.6 billion in loans and $28.8 billion in deposits, making the integration is one of the largest bank mergers ever. Under the new...
Posted on February 12, 2009 12:47 PM
No evidence of it around here, but results just announced by Diageo plc indicate some people are drinking less these days. The owner of brands such as Johnnie Walker, Smirnoff and Guinness reported that due to a dramatic drop in consumer spending in November and December, it is cutting its...
Posted on February 12, 2009 11:41 AM
Saybrook's Rosenthal explained that strategics are investing in distressed companies, but there are challenges.
Posted on January 26, 2009 3:18 PM
On a day filled with troubling news for print media comes word that Christie Hefner is stepping down as chief executive of Playboy Enterprises Inc. after 20 years at the helm. Long-time company director Jerome Kern will take over as interim CEO on Jan. 31, and Hefner will remain on...
Posted on December 8, 2008 3:07 PM
To help finance its $52 billion acquisition of Anheuser-Busch Cos., InBev SA is planning to put its South Korean beer business up for sale. Oriental Brewery, the second-largest brewery in South Korea, which sells Beck's and Stella Artois, could go for around $2 billion, according to The Guardian. It was...
Posted on September 2, 2008 4:01 PM
Tween Brands Inc. is walking away from its core brand Limited Too as it reported a sales net loss of $6.7 million in the second quarter. The retail chain, which is geared toward young girls, announced it will convert its 560 Limited Two stores to its discount brand, Justice. Tween...
Posted on August 13, 2008 5:08 PM
Hong Kong-based Li & Fung Ltd. is making acquisitions, taking advantage of U.S. retail companies hurt by the current economic slump. One of those companies is U.S. handbag importer Van Zeeland Inc., which sells flagship labels such as Kathy Van Zeeland Handbags, B. Makowsky and Tignanello to Macy's Inc. and...
Posted on August 13, 2008 1:47 PM
This week's episode of The Deal Calendar goes back to school. The Deal's Mary Kathleen Flynn speaks with The Deal's senior writer Matt Miller about the student loan crisis. The layers of lending have led to consolidation in the sector. There are many other key dealmaking events this week....
Posted on August 11, 2008 8:46 AM
The rising price of grain and slow chicken sales have slammed Tyson Foods Inc. The company saw third-quarter earnings plummet from $111 million in 2007 to $9 million this year. According to the company, the cost of grain increased by $140 million in the third quarter and is expected to...
Posted on July 28, 2008 1:02 PM
Kraft Foods Inc.'s reported net revenues increased 21.4% to $11.2 billion in the first quarter of 2008, a sign that it's three-year restructuring plan is going accordingly. Management is expecting flat margins and an increase in profit by the end of the year. The impressive results come amidst high prices...
Posted on July 28, 2008 11:22 AM
An article in Wednesday's Wall Street Journal took stock of the ongoing restructuring at Sara Lee Corp., where CEO Brenda Barnes announced a write-down of nearly $1 billion in the fourth quarter related to its 2001 acquisition of the Earthgrains bread company.Though Sara Lee has been doing more selling than...
Posted on July 24, 2008 10:01 AM
NexCen Brands Inc. has announced it's exploring the sale of its Bill Blass and Waverly brands to pay off some of its debt. It was only a matter of time before NexCen decided to put some of its assets up for sale. The Deal reported in May that NexCen was...
Posted on June 20, 2008 1:33 PM
All the focus has been on Ford Motor Co., its lagging sales at home and its restructuring plans. But what about the view from Tata Motors Ltd.? Despite the debt now weighing on Tata Motors stock, Tata managing director Ravi Kant believes in the long-term value of the $2.3 billion...
Posted on March 27, 2008 3:10 PM
Motorola Inc. chief executive Greg Brown's strategy to separate the company's handset and network equipment businesses into two distinct corporations may for a while at least appease shareholders -- like, say Carl Icahn -- who have been agitating for change. But breaking a company...
Posted on March 26, 2008 1:18 PM
Greg Brown, Motorola Inc.'s president and CEO, said the firm would create two independent, publicly traded companies as part of a strategic realignment (started on Jan. 31) of its mobile devices and broadband and mobility solutions businesses. Moto, which has yet to name a new CEO, said the separation will...
Posted on March 26, 2008 9:07 AM
On Jan. 3, Ford Motor Co. chose India's Tata Motors as the preferred bidder for its British luxury brands, Jaguar and Land Rover, and the two firms may announce a deal as early as Wednesday for over $2 billion, the WSJ reported. Ford is unloading the...
Posted on March 25, 2008 2:47 PM
When it comes to selling a business, planning is everything. In the first of a two-part series, an experienced divestor explains.
Posted on March 12, 2008 2:10 PM
Information storage provider Iron Mountain Inc. has named Bob Brennan as CEO. Brennan plans to use his strong background in M&A and corporate growth to drive business past $3 billion in revenues this year. "We are expanding geographically, and acquisition is definitely central to our strategy going forward," he...
Posted on February 28, 2008 4:33 PM
Sears Holdings Corp. fared even worse than expected for the quarter ended Feb. 2: net income of $426 million compared with a net of $811 million for the quarter ended Feb. 3, 2007. In a letter to shareholders, chairman Eddie Lampert compared the...
Posted on February 28, 2008 4:27 PM
ABB Ltd. chief executive Fred Kindle is leaving the Swiss power and automation technology firm because of "irreconcilable differences about how to lead the company." Kindle, who joined the firm in September 2004 and took over as president and CEO in January 2005, returned ABB to profitability after it...
Posted on February 13, 2008 3:49 PM
With less liquidity in the market and tighter credit standards now in place, it is likely that credit defaults will dramatically rise and companies will no longer be able to refinance themselves out of their financial challenges. This...
Posted on February 12, 2008 12:26 PM
Just a couple of weeks after unveiling a spinoff plan that infuriated major shareholder John Malone and set off a battle for control of IAC/InterActiveCorp, IAC's Barry Diller is reorganizing the M&A team at the New York media shop. Senior VP for business strategy Kimberly Gorsuch-Bradbury will "work on specific...
Posted on February 8, 2008 9:30 AM
Motorola Inc. said its CEO Greg Brown is stepping in to take direct control of the mobile-device business from Stu Reed, who had been running the unit only since last summer. Reed will remain with the company. Motorola previously announced it is considering a restructuring of the troubled business...
Posted on February 4, 2008 6:09 PM
Brands will be one of the five units of a new, decentralized Sears, which opens up a couple possibilities.
Posted on January 28, 2008 2:39 PM
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