All articles tagged with #private
A group of investors, including billionaire Ron Burkle, is close to acquiring Soho House & Co. and taking it private, with Apollo Global Management providing over $700 million in financing, valuing the company at around $1.8 billion, and investors paying about $9 per share, up from $7.64.
Ozzy Osbourne's funeral was a private ceremony held at his mansion with only close family and friends, including celebrities, due to Sharon Osbourne's emotional state and desire for a modest farewell, following a large public procession.
Nordstrom's CEO and President have expressed interest in taking the company private, prompting the board to form a special committee to evaluate proposals. The founding family has previously attempted this in 2017, and the latest move comes as the retailer seeks to enhance shareholder value. The company's latest earnings report showed a 3% dip in net sales for its premium Nordstrom banner, while its off-priced banner Nordstrom Rack saw a 14.6% rise in net sales. CEO Erik Nordstrom emphasized a focus on digital-led growth and the launch of a digital marketplace on Nordstrom.com.
The Nordstrom family is considering taking the department store private once again and has formed a special committee to evaluate bids, including those from the two Nordstrom brothers and outside parties. The board is focused on enhancing shareholder value and will assess if potential bids are in the company's best interest. This move comes as department stores face declining sales and a shifting retail landscape, with Nordstrom's interest in going private first reported last month.
Nordstrom's founding family has expressed interest in taking the company private, prompting the formation of a special committee to evaluate any potential proposal from the CEO and president.
Blackstone is close to finalizing a deal to take L'Occitane private, potentially ending its 14-year run on the Hong Kong stock exchange. The world's largest alternative asset manager may provide debt financing for the buyout, and an announcement is expected in the coming days. Trading of L'Occitane was suspended in Hong Kong on Tuesday pending an announcement related to takeover codes.
Soho House is considering going private after a short seller's report likened the company to WeWork and gave it a price target of zero, causing its shares to plunge. The company has formed a special committee to evaluate strategic transactions, and its rebuttal of the report did not deter the short seller's bearish outlook. Soho House's membership fees and age restrictions were highlighted as potential challenges, and the company missed Wall Street's expectations in its latest quarterly earnings report.
Macy's board of directors rejected a $5.8 billion bid to take the company private, citing a lack of compelling value and evidence of a viable financing plan in the proposal. The company's CEO stated that they remain open to opportunities in the best interest of the company and shareholders. The bid was made by Arkhouse Management Co. LP and Brigade Capital Management LP, who had engaged privately with Macy's regarding the potential acquisition. Macy's had also announced plans to close five stores and cut about 2,000 employees prior to the rejection of the bid.
Macy's shares surged nearly 20% after reports emerged that an investor group, including Arkhouse and Brigade Capital Management, submitted a $5.8 billion proposal to acquire the iconic department store chain and take it private. The offer represents a 32.4% premium over Macy's closing price on November 30. Macy's has struggled to adapt to the changing retail landscape, with increased competition from online marketplaces. The company's board of directors is reportedly considering the offer, which values the company at over $1 billion more than its current market cap.
Ashley Olsen and her husband Louis Eisner have welcomed their first child together, a baby boy named Otto. The couple has kept their relationship and pregnancy private, with no additional details about the birth being disclosed. Ashley Olsen's twin sister, Mary-Kate, also maintains a private personal life, while their younger sister, Elizabeth Olsen, admires their healthy perspective on fame.
A private rental pool app called Swimply is gaining popularity in the suburbs of Pittsburgh, allowing homeowners to rent out their pools by the hour. The app, which is available in over 30 states, has seen a surge in demand due to the COVID-19 pandemic and the closure of public pools. Homeowners can earn up to $10,000 per season by renting out their pools, while renters can enjoy a private pool experience at a fraction of the cost of a hotel or resort.
Keanu Reeves opened up about his relationship with girlfriend Alexandra Grant, revealing that his last moment of bliss was with her in bed, just "smiling and laughing and giggling." The notoriously private couple has been together for years and went public in 2019. They have also worked together on two of Reeves' books. Reeves also shared tidbits about his dancing, recurring dreams, games, and watching the sunrise.
Keanu Reeves opened up about his relationship with girlfriend Alexandra Grant, revealing that his last moment of bliss was with her in bed, just "smiling and laughing and giggling." The couple, who have worked together on two of Reeves' books, have been notoriously private about their relationship, which they went public with in 2019. Reeves also shared tidbits about his dancing, recurring nightmares, chess playing, and watching the sunrise.
Toshiba is planning to go private in a $15 billion deal with a group of investors led by Bain Capital. The deal would take Toshiba off the Tokyo Stock Exchange and make it a private company. The move is aimed at giving Toshiba more flexibility to restructure its business and focus on long-term growth.