Remington Outdoor Company reported sharply higher losses in the first quarter ended March 29 as sales declined by $53.9 million, or 21.2 percent. The country's largest manufacturing of firearms said sales reached $201.3 million compared ...
Tags: Remington Outdoor, Sporting Goods
Visteon Corporation has completed the first and largest phase of the sale of its remaining automotive interiors business to Reydel Automotive Holdings B.V., an affiliate of Cerberus Capital Management, L.P. Headquartered in Michigan and ...
Heavy-duty transit bus manufacturer New Flyer has completed the acquisition of the North American Bus Industries (NABI) from an affiliate of Cerberus Capital Management for a cash transaction of $80m. The acquisition includes a bus ...
TEXbase, a leading provider of web-based product compliance, quality and materials management software solutions named Wayne Huyard as President and CEO and Greg Gianforte as a board member. Wayne Huyard joined TEXbase as President in ...
Tags: Textile
US retailer Supervalu has downplayed reports it is "nearing" a deal that would see Cerberus Capital Management buy some parts of the firm and take a stake in the rest of the company. According to a Wall Street Journal report citing ...
Tags: Supervalu, Cerberus Capital Management, company news, sales and profits
US retailer Supervalu, battling to revitalise its business, has decided to close around 60 stores. Supervalu, which has a network of about 4,400 outlets across the US, said it would shut the "under-performing or non-strategic stores" in ...
Tags: Supervalu, under-performing stores, non-strategic stores
A sale of Supervalu to private-equity firm Cerberus Capital Management could lead to a break-up of the US retailer, sources have told Reuters. Buyout firm Cerberus is reported to be preparing a takeover bid for Supervalu, with an eye ...
Tags: Supervalu, takeover bid, Buyout, falling sales
Takeover talks between private-equity firm Cerberus Capital Management and US retailer Supervalu Inc are reportedly continuing despite rumours discussions had stalled. Negotiations between Supervalu and Cerberus were held this weekend, ...
Tags: takeover talks, retailer, Supervalu Inc, Cerberus Capital Management