Lululemon Athletica inc. Founder Dennis J. (Chip) Wilson has agreed to sell half his shares in the apparel maker equal to a 13.85 percent stake of the company to Advent International for approximately $845 million. The transaction has ...
Tags: Lululemon, Shares, Sporting Goods
India-headquartered steel giant Tata Steel Group has issued its group financial results including Tata Steel Europe for the first quarter ended June 30 of the financial year 2014-15. In the first quarter, Tata Steel Group's net profit ...
Brazil flat steel and iron ore producer Usiminas said it could increase its share of iron ore exports through the Sudeste port, which is being built in Itaguai, Rio de Janeiro, an executive said. Talking to journalists in the sidelines of ...
South Africa-based paper and plastic packaging manufacturer and paper recycler Mpact has unveiled plans to commence a polyethylene terephthalate (PET) recycling plant for about $33.03m (ZAR350m). The new plant is expected to process close ...
Six US and African based textile and apparel trade bodies, including the United States Fashion Industry Association (USFIA), called for renewal of the African Growth & Opportunity Act (AGOA), expiring on September 30, 2015. They requested ...
Tags: USFIA, Apparel, Accessories
Dennis Wilson, founder and board member of NASDAQ-listed lululemon athletica Inc has sold his 13.85% stake to Advent International, a global private equity investor. The deal has been signed for $845 million and Advent will be acquiring ...
Tags: Dennis Wilson, Apparel, Accessories
After acquiring a 70 percent stake in Italian home textile company - Giuseppe Bellora SPA in 2007, the Rs 2,000 crore vertically integrated Indian home textile manufacturer Himatsingka Group has now bought off the rest of the 30 percent ...
Tags: Himatsingka, Textile
GAIL (India) Limited announced the signing of a Memorandum of Understanding (MOU) with Sumitomo Corporation, Japan (Sumitomo). Under the MOU, GAIL and Sumitomo will pursue business opportunities in natural gas and LNG value chain business ...
The great Indian e-Commerce success story has truly arrived. An internet user base of 50 million fuelled by increasing incomes, greater demand and better connectivity, has set the stage for India to soon become the 3rd largest e-commerce ...
Tags: Gallery Intima, Ecommerce Growth, Apparel
Australia-based packaging company Amcor has introduced new technology LiquiForm, which is said to benefit liquid packaging producers. The new technology will use the consumable liquid instead of compressed air to hydraulically form and ...
Japan-based Daido Steel Co., Ltd has announced that it reached an agreement on July 9 to buy a 10 percent stake in Indian specialty steel producer Sunflag Iron and Steel Company Ltd for approximately JPY 1 billion ($9.87 million). ...
Tags: Daido Steel, Iron and Steel, Metallurgy, Mineral
Australian iron ore development company BC Iron Limited has announced that it has offered to acquire all the issued shares of Australian miner Iron Ore Holdings (IOH) in a deal worth around A$250 million. Under the takeover deal, BC Iron ...
Tags: Iron, iron ore, Metallurgy
BGF, a UK-based independent firm that helps Britain’s smaller and medium sized businesses, has invested £5m in packaging manufacturer Plastique. The investment will allow Plastique to expand its Polish facility to accommodate ...
ROK Drinks, a unit of the UK-based ROK Stars, has selected Singapore-based Wunderbar as its new distributor. An exclusive distribution agreement to this effect has been signed between ROK Drinks and Wunderbar. As per the agreed ...
Tags: ROK Drinks, Wunderbar, Agriculture